Endurance (EIGI) Breaks Out to New All Time High

Endurance Int’l Group Holdings, Inc. (EIGI) had a potent breakout of its weekly ascending channel this morning. The stock has been consolidating above its pivot at $19.57 to digest this big move which shows some commitment as ticker prints new all time highs. We are not seeing any news or rumors to account for the move which leads us to believe we’re dealing with a technical breakout. A close above $21.05 could send the equity higher.

On valuation measures, Endurance Int’l shares are currently priced at 46.20x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 21.14x earnings multiple. The name has a t-12 price/sales ratio of 0.54. EPS for the same period registers at $0.78.

EIGI shares have advanced 0.33% in the last 4 weeks and 12.25% in the past three months. Over the past 5 trading sessions the stock has gained 4.05%. Shares of the $64.71 billion market cap company are down 23% year-over-year ; up 3.15% this year. Intraday range: $20.07 – $21.15.

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