eGain Corporation (NASDAQ: EGAN) uses an innovative Software as a Service (SaaS) platform that is powered by deep digital, artificial intelligence (AI), and knowledge capabilities to automate client engagement.
Why should Investors Sell?
Valuation Methodology: Enterprise Value/Sales Multiple Based Relative Valuation
Source: Analysis by Kalkine Group
Despite increasing revenue, the company has posted higher losses, a jump in operating expenses and negative margins. Considering the current valuation and bearish technical indicators, we recommend a "SELL" rating on the stock at the closing price of USD 12.75 as of February 04, 2022.
EGAN’s 1-Year Technical Price Chart. (Source: REFINITIV, Analysis by Kalkine Group)
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.