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Eargo Inc
Buy, Hold or Sell?

Let's analyse Eargo together

PenkeI guess you are interested in Eargo Inc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Eargo Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Eargo (30 sec.)










What can you expect buying and holding a share of Eargo? (30 sec.)

How much money do you get?

How much money do you get?
$0.00
When do you have the money?
1 year
How often do you get paid?
5.9%

What is your share worth?

Current worth
$2.17
Expected worth in 1 year
$6.10
How sure are you?
23.5%

+ What do you gain per year?

Total Gains per Share
$3.92
Return On Investment
152.6%

For what price can you sell your share?

Current Price per Share
$2.57
Expected price per share
$2.53 - $2.87
How sure are you?
50%

1. Valuation of Eargo (5 min.)




Live pricePrice per Share (EOD)

$2.57

Intrinsic Value Per Share

$-52.04 - $-60.90

Total Value Per Share

$-49.87 - $-58.72

2. Growth of Eargo (5 min.)




Is Eargo growing?

Current yearPrevious yearGrowGrow %
How rich?$45.1m$36.6m$35.3m49.1%

How much money is Eargo making?

Current yearPrevious yearGrowGrow %
Making money-$27m-$51.9m$24.9m92.2%
Net Profit Margin-261.0%-298.3%--

How much money comes from the company's main activities?

3. Financial Health of Eargo (5 min.)




4. Comparing to competitors in the Medical Devices industry (5 min.)




  Industry Rankings (Medical Devices)  


Richest
#183 / 340

Most Revenue
#190 / 340

Most Profit
#307 / 340

Most Efficient
#278 / 340

What can you expect buying and holding a share of Eargo? (5 min.)

Welcome investor! Eargo's management wants to use your money to grow the business. In return you get a share of Eargo.

What can you expect buying and holding a share of Eargo?

First you should know what it really means to hold a share of Eargo. And how you can make/lose money.

Speculation

The Price per Share of Eargo is $2.57. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Eargo.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Eargo, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $2.17. Based on the TTM, the Book Value Change Per Share is $0.98 per quarter. Based on the YOY, the Book Value Change Per Share is $-1.09 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Eargo.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps-0.83-32.5%-1.30-50.7%-1.66-64.5%-1.09-42.5%-1.09-42.5%
Usd Book Value Change Per Share-0.71-27.5%0.9838.2%-1.09-42.4%0.135.0%0.135.0%
Usd Dividend Per Share0.000.0%0.000.0%0.041.5%0.010.4%0.010.4%
Usd Total Gains Per Share-0.71-27.5%0.9838.2%-1.05-40.9%0.145.3%0.145.3%
Usd Price Per Share2.17-3.09-3.05-9.76-9.76-
Price to Earnings Ratio-0.65--0.71--0.56--3.26--3.26-
Price-to-Total Gains Ratio-3.07--3.19--1.25--19.04--19.04-
Price to Book Ratio1.00-1.00-1.19-1.55-1.55-
Price-to-Total Gains Ratio-3.07--3.19--1.25--19.04--19.04-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share2.57
Number of shares389
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.01
Usd Book Value Change Per Share0.980.13
Usd Total Gains Per Share0.980.14
Gains per Quarter (389 shares)381.5253.29
Gains per Year (389 shares)1,526.09213.18
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
101526151614199203
203052304228398416
304578456843597629
406104609457796842
5076307620719951055
60915791468511941268
70106831067210013931481
80122091219811415921694
90137351372412817911907
100152611525014219892120

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.04.00.00.0%0.012.00.00.0%0.017.00.00.0%0.017.00.00.0%0.017.00.00.0%
Book Value Change Per Share1.03.00.025.0%3.09.00.025.0%4.011.02.023.5%4.011.02.023.5%4.011.02.023.5%
Dividend per Share0.00.04.00.0%1.00.011.08.3%1.00.016.05.9%1.00.016.05.9%1.00.016.05.9%
Total Gains per Share1.03.00.025.0%3.09.00.025.0%4.011.02.023.5%4.011.02.023.5%4.011.02.023.5%

Fundamentals of Eargo

About Eargo Inc

Eargo, Inc., a medical device company, engages in enhancing the quality of life of people with hearing loss in the United States. It markets and sells hearing aids. The company sells its products direct-to-consumer and through omni-channel. The company was formerly known as Aria Innovations, Inc. and changed its name to Eargo, Inc. in November 2014. Eargo, Inc. was incorporated in 2010 and is headquartered in San Jose, California.

Fundamental data was last updated by Penke on 2024-03-19 12:31:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Eargo Inc.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Eargo earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Eargo to the Medical Devices industry mean.
  • A Net Profit Margin of -209.5% means that $-2.10 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Eargo Inc:

  • The MRQ is -209.5%. The company is making a huge loss. -2
  • The TTM is -261.0%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-209.5%TTM-261.0%+51.5%
TTM-261.0%YOY-298.3%+37.3%
TTM-261.0%5Y-150.6%-110.4%
5Y-150.6%10Y-150.6%0.0%
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ-209.5%-10.6%-198.9%
TTM-261.0%-20.2%-240.8%
YOY-298.3%-14.0%-284.3%
5Y-150.6%-19.5%-131.1%
10Y-150.6%-23.8%-126.8%
1.1.2. Return on Assets

Shows how efficient Eargo is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Eargo to the Medical Devices industry mean.
  • -24.8% Return on Assets means that Eargo generated $-0.25 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Eargo Inc:

  • The MRQ is -24.8%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -26.5%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-24.8%TTM-26.5%+1.6%
TTM-26.5%YOY-33.2%+6.8%
TTM-26.5%5Y-25.2%-1.3%
5Y-25.2%10Y-25.2%0.0%
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ-24.8%-3.0%-21.8%
TTM-26.5%-4.2%-22.3%
YOY-33.2%-4.0%-29.2%
5Y-25.2%-3.8%-21.4%
10Y-25.2%-4.1%-21.1%
1.1.3. Return on Equity

Shows how efficient Eargo is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Eargo to the Medical Devices industry mean.
  • -38.4% Return on Equity means Eargo generated $-0.38 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Eargo Inc:

  • The MRQ is -38.4%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -37.6%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-38.4%TTM-37.6%-0.8%
TTM-37.6%YOY-107.9%+70.3%
TTM-37.6%5Y-40.2%+2.6%
5Y-40.2%10Y-40.2%0.0%
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ-38.4%-3.5%-34.9%
TTM-37.6%-4.4%-33.2%
YOY-107.9%-4.7%-103.2%
5Y-40.2%-5.7%-34.5%
10Y-40.2%-6.2%-34.0%

1.2. Operating Efficiency of Eargo Inc.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Eargo is operating .

  • Measures how much profit Eargo makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Eargo to the Medical Devices industry mean.
  • An Operating Margin of -228.7% means the company generated $-2.29  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Eargo Inc:

  • The MRQ is -228.7%. The company is operating very inefficient. -2
  • The TTM is -229.2%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ-228.7%TTM-229.2%+0.5%
TTM-229.2%YOY-216.8%-12.4%
TTM-229.2%5Y-122.9%-106.3%
5Y-122.9%10Y-122.9%0.0%
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ-228.7%-24.5%-204.2%
TTM-229.2%-14.9%-214.3%
YOY-216.8%-11.5%-205.3%
5Y-122.9%-17.1%-105.8%
10Y-122.9%-20.6%-102.3%
1.2.2. Operating Ratio

Measures how efficient Eargo is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Medical Devices industry mean).
  • An Operation Ratio of 3.06 means that the operating costs are $3.06 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Eargo Inc:

  • The MRQ is 3.065. The company is inefficient in keeping operating costs low. -1
  • The TTM is 3.256. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ3.065TTM3.256-0.192
TTM3.256YOY3.358-0.101
TTM3.2565Y2.237+1.020
5Y2.23710Y2.2370.000
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ3.0651.454+1.611
TTM3.2561.452+1.804
YOY3.3581.434+1.924
5Y2.2371.432+0.805
10Y2.2371.366+0.871

1.3. Liquidity of Eargo Inc.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Eargo is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Medical Devices industry mean).
  • A Current Ratio of 3.22 means the company has $3.22 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Eargo Inc:

  • The MRQ is 3.222. The company is very able to pay all its short-term debts. +2
  • The TTM is 3.819. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ3.222TTM3.819-0.597
TTM3.819YOY1.478+2.341
TTM3.8195Y3.379+0.440
5Y3.37910Y3.3790.000
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ3.2222.789+0.433
TTM3.8192.793+1.026
YOY1.4783.586-2.108
5Y3.3793.492-0.113
10Y3.3793.450-0.071
1.3.2. Quick Ratio

Measures if Eargo is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Eargo to the Medical Devices industry mean.
  • A Quick Ratio of 2.67 means the company can pay off $2.67 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Eargo Inc:

  • The MRQ is 2.673. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 3.258. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ2.673TTM3.258-0.585
TTM3.258YOY0.970+2.289
TTM3.2585Y2.820+0.439
5Y2.82010Y2.8200.000
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ2.6731.587+1.086
TTM3.2581.633+1.625
YOY0.9702.185-1.215
5Y2.8202.300+0.520
10Y2.8202.255+0.565

1.4. Solvency of Eargo Inc.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Eargo assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Eargo to Medical Devices industry mean.
  • A Debt to Asset Ratio of 0.35 means that Eargo assets are financed with 35.3% credit (debt) and the remaining percentage (100% - 35.3%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Eargo Inc:

  • The MRQ is 0.353. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.297. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.353TTM0.297+0.056
TTM0.297YOY0.824-0.527
TTM0.2975Y1.362-1.066
5Y1.36210Y1.3620.000
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3530.400-0.047
TTM0.2970.386-0.089
YOY0.8240.330+0.494
5Y1.3620.440+0.922
10Y1.3620.460+0.902
1.4.2. Debt to Equity Ratio

Measures if Eargo is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Eargo to the Medical Devices industry mean.
  • A Debt to Equity ratio of 54.6% means that company has $0.55 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Eargo Inc:

  • The MRQ is 0.546. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.427. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.546TTM0.427+0.118
TTM0.427YOY3.654-3.226
TTM0.4275Y1.054-0.626
5Y1.05410Y1.0540.000
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5460.566-0.020
TTM0.4270.569-0.142
YOY3.6540.479+3.175
5Y1.0540.626+0.428
10Y1.0540.692+0.362

2. Market Valuation of Eargo Inc

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Eargo generates.

  • Above 15 is considered overpriced but always compare Eargo to the Medical Devices industry mean.
  • A PE ratio of -0.65 means the investor is paying $-0.65 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Eargo Inc:

  • The EOD is -0.770. Based on the earnings, the company is expensive. -2
  • The MRQ is -0.650. Based on the earnings, the company is expensive. -2
  • The TTM is -0.711. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-0.770MRQ-0.650-0.120
MRQ-0.650TTM-0.711+0.061
TTM-0.711YOY-0.556-0.155
TTM-0.7115Y-3.257+2.546
5Y-3.25710Y-3.2570.000
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
EOD-0.770-1.038+0.268
MRQ-0.650-1.216+0.566
TTM-0.711-1.757+1.046
YOY-0.556-2.582+2.026
5Y-3.257-1.553-1.704
10Y-3.257-1.463-1.794
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Eargo Inc:

  • The EOD is -0.904. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -0.764. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -0.847. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-0.904MRQ-0.764-0.140
MRQ-0.764TTM-0.847+0.083
TTM-0.847YOY-0.680-0.167
TTM-0.8475Y-4.264+3.417
5Y-4.26410Y-4.2640.000
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
EOD-0.904-1.207+0.303
MRQ-0.764-1.746+0.982
TTM-0.847-2.961+2.114
YOY-0.680-6.143+5.463
5Y-4.264-4.928+0.664
10Y-4.264-5.626+1.362
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Eargo is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Medical Devices industry mean).
  • A PB ratio of 1.00 means the investor is paying $1.00 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Eargo Inc:

  • The EOD is 1.182. Based on the equity, the company is underpriced. +1
  • The MRQ is 0.999. Based on the equity, the company is cheap. +2
  • The TTM is 1.002. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.182MRQ0.999+0.184
MRQ0.999TTM1.002-0.003
TTM1.002YOY1.189-0.187
TTM1.0025Y1.555-0.553
5Y1.55510Y1.5550.000
Compared to industry (Medical Devices)
PeriodCompanyIndustry (mean)+/- 
EOD1.1822.038-0.856
MRQ0.9992.321-1.322
TTM1.0022.444-1.442
YOY1.1893.028-1.839
5Y1.5553.918-2.363
10Y1.5554.245-2.690
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Eargo Inc.

3.1. Institutions holding Eargo Inc

Institutions are holding 6.386% of the shares of Eargo Inc.

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2023-12-31Patient Square Capital76.201722.40131582129900
2023-12-31Nantahala Capital Management, LLC4.77380.07689911649911640
2023-12-31BlackRock Inc1.16580242052-144-0.0595
2023-12-31Vanguard Group Inc0.414808611619952.3716
2023-12-31Renaissance Technologies Corp0.27250.000256580860017.9241
2023-12-31Northern Trust Corp0.2507052054520540
2023-12-31Monaco Asset Management0.24080.038150000500000
2023-12-31Geode Capital Management, LLC0.227404722100
2023-12-31TWO SIGMA SECURITIES, LLC0.08180.000416984169840
2023-12-31Penderfund Capital Management Ltd0.06170.014312807128070
2023-12-31Morgan Stanley - Brokerage Accounts0.024305041-238-4.5084
2023-12-31Royal Bank of Canada0.006101274641101.2638
2023-12-31Atlas Capital Advisors0.00590.0005122300
2023-12-31Wells Fargo & Co0.0050103620.1934
2023-12-31Group One Trading, LP0.0034071019537.8641
2023-12-31Tower Research Capital LLC0.00250524-470-47.2837
2023-12-31JPMorgan Chase & Co0.0005094940
2023-12-31UBS Group AG0.0002050500
2023-12-31SignatureFD, LLC0.000103000
2023-12-31Bank of America Corp0042100
Total 83.73922.531617386263+1133736+6.5%

3.2. Funds holding Eargo Inc

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2023-09-30BlackRock Extended Mkt Composite0.20990.00074357700
2023-12-31BlackRock Extended Equity Market K0.18310.000738017-77-0.2021
2024-01-31Fidelity Extended Market Index0.08940.00011855300
2024-01-31Fidelity Total Market Index0.065701363400
2024-01-31Fidelity Nasdaq Composite Index0.05130.00021065800
2024-01-31BlackRock Advantage SMID Cap Instl0.04330.006899000
2023-12-31BlackRock U.S. Equity Market F0.03070.00016366110.1731
2023-12-31Extended Equity Market Fund M0.02260.000747012245.0034
2023-12-31NT Ext Equity Mkt Idx Fd - L0.01590.0002330300
2023-12-31Northern Trust Extended Eq Market Idx0.01590.0002330300
2024-01-31Fidelity Series Total Market Index0.0130270400
2024-01-31Spartan Extended Market Index Pool E0.00740.0002153500
2023-12-31NT Ext Equity Mkt Idx Fd - NL0.0047097200
2024-01-311290 VT Micro Cap K0.00470.001896600
2023-12-31NT Ext Equity Mkt Idx Fd - DC - NL - T20.0038078110.1282
2023-11-30GMO US Small Cap Value VI0.00340.005970300
2023-12-31GMO Global All Cntry Eqt Allct Comp0.00210.0002432112.6128
2023-12-31SSgA U.S. Extended Market Index Class I0.0014028500
2023-12-31GMO Global Asset Allocation III0.00070.00011501500
2023-12-31Northern Trust Wilshire 50000.0006012400
Total 0.76960.0171159754+320+0.2%

3.3. Insider Transactions

Insiders are holding 5.428% of the shares of Eargo Inc.

DateOwnerTypeAmountPricePost Transaction AmountLink
2023-08-17Adam LaponisSELL193.24
2023-08-17Mark ThorpeSELL33.23
2023-08-17William BrownieSELL15143.2
2023-05-17Adam LaponisSELL194.69
2023-05-17Christian GormsenSELL584.69
2023-05-17Mark ThorpeSELL34.69
2023-05-17William BrownieSELL144.69

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Eargo Inc compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.7070.981-172%-1.090+54%0.128-653%0.128-653%
Book Value Per Share--2.1743.469-37%1.373+58%1.477+47%1.477+47%
Current Ratio--3.2223.819-16%1.478+118%3.379-5%3.379-5%
Debt To Asset Ratio--0.3530.297+19%0.824-57%1.362-74%1.362-74%
Debt To Equity Ratio--0.5460.427+28%3.654-85%1.054-48%1.054-48%
Dividend Per Share----0%0.039-100%0.009-100%0.009-100%
Eps---0.835-1.303+56%-1.659+99%-1.093+31%-1.093+31%
Free Cash Flow Per Share---0.711-0.914+29%-1.514+113%-0.854+20%-0.854+20%
Free Cash Flow To Equity Per Share---0.711-0.506-29%-0.579-18%0.123-677%0.123-677%
Gross Profit Margin--1.5361.502+2%1.231+25%1.708-10%1.708-10%
Intrinsic Value_10Y_max---60.895--------
Intrinsic Value_10Y_min---52.039--------
Intrinsic Value_1Y_max---4.404--------
Intrinsic Value_1Y_min---4.324--------
Intrinsic Value_3Y_max---14.525--------
Intrinsic Value_3Y_min---13.841--------
Intrinsic Value_5Y_max---26.208--------
Intrinsic Value_5Y_min---24.214--------
Market Cap53359368.000+16%45075170.40064135053.600-30%86927759.715-48%215577729.429-79%215577729.429-79%
Net Profit Margin---2.095-2.610+25%-2.983+42%-1.506-28%-1.506-28%
Operating Margin---2.287-2.292+0%-2.168-5%-1.229-46%-1.229-46%
Operating Ratio--3.0653.256-6%3.358-9%2.237+37%2.237+37%
Pb Ratio1.182+16%0.9991.0020%1.189-16%1.555-36%1.555-36%
Pe Ratio-0.770-18%-0.650-0.711+9%-0.556-14%-3.257+401%-3.257+401%
Price Per Share2.570+16%2.1713.089-30%3.048-29%9.762-78%9.762-78%
Price To Free Cash Flow Ratio-0.904-18%-0.764-0.847+11%-0.680-11%-4.264+458%-4.264+458%
Price To Total Gains Ratio-3.633-18%-3.069-3.194+4%-1.246-59%-19.035+520%-19.035+520%
Quick Ratio--2.6733.258-18%0.970+176%2.820-5%2.820-5%
Return On Assets---0.248-0.265+7%-0.332+34%-0.252+1%-0.252+1%
Return On Equity---0.384-0.376-2%-1.079+181%-0.402+5%-0.402+5%
Total Gains Per Share---0.7070.981-172%-1.052+49%0.137-616%0.137-616%
Usd Book Value--45129000.00072035000.000-37%36665250.000+23%35420352.941+27%35420352.941+27%
Usd Book Value Change Per Share---0.7070.981-172%-1.090+54%0.128-653%0.128-653%
Usd Book Value Per Share--2.1743.469-37%1.373+58%1.477+47%1.477+47%
Usd Dividend Per Share----0%0.039-100%0.009-100%0.009-100%
Usd Eps---0.835-1.303+56%-1.659+99%-1.093+31%-1.093+31%
Usd Free Cash Flow---14756000.000-18979250.000+29%-36801750.000+149%-19634588.235+33%-19634588.235+33%
Usd Free Cash Flow Per Share---0.711-0.914+29%-1.514+113%-0.854+20%-0.854+20%
Usd Free Cash Flow To Equity Per Share---0.711-0.506-29%-0.579-18%0.123-677%0.123-677%
Usd Market Cap53359368.000+16%45075170.40064135053.600-30%86927759.715-48%215577729.429-79%215577729.429-79%
Usd Price Per Share2.570+16%2.1713.089-30%3.048-29%9.762-78%9.762-78%
Usd Profit---17328000.000-27043250.000+56%-51970500.000+200%-29039529.412+68%-29039529.412+68%
Usd Revenue--8270000.00010277000.000-20%586500.000+1310%9000882.353-8%9000882.353-8%
Usd Total Gains Per Share---0.7070.981-172%-1.052+49%0.137-616%0.137-616%
 EOD+5 -3MRQTTM+14 -20YOY+27 -95Y+16 -2010Y+16 -20

4.2. Fundamental Score

Let's check the fundamental score of Eargo Inc based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-0.770
Price to Book Ratio (EOD)Between0-11.182
Net Profit Margin (MRQ)Greater than0-2.095
Operating Margin (MRQ)Greater than0-2.287
Quick Ratio (MRQ)Greater than12.673
Current Ratio (MRQ)Greater than13.222
Debt to Asset Ratio (MRQ)Less than10.353
Debt to Equity Ratio (MRQ)Less than10.546
Return on Equity (MRQ)Greater than0.15-0.384
Return on Assets (MRQ)Greater than0.05-0.248
Total4/10 (40.0%)

4.3. Technical Score

Let's check the technical score of Eargo Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5041.034
Ma 20Greater thanMa 502.668
Ma 50Greater thanMa 1002.620
Ma 100Greater thanMa 2002.444
OpenGreater thanClose2.620
Total3/5 (60.0%)



Latest Balance Sheet

Balance Sheet of 2023-09-30. Currency in USD. All numbers in thousands.

Summary
Total Assets69,753
Total Liabilities24,624
Total Stockholder Equity45,129
 As reported
Total Liabilities 24,624
Total Stockholder Equity+ 45,129
Total Assets = 69,753

Assets

Total Assets69,753
Total Current Assets56,692
Long-term Assets13,061
Total Current Assets
Cash And Cash Equivalents 46,023
Net Receivables 1,012
Inventory 4,386
Other Current Assets 1,322
Total Current Assets  (as reported)56,692
Total Current Assets  (calculated)52,743
+/- 3,949
Long-term Assets
Property Plant Equipment 11,711
Intangible Assets 744
Long-term Assets Other 606
Long-term Assets  (as reported)13,061
Long-term Assets  (calculated)13,061
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities17,594
Long-term Liabilities7,030
Total Stockholder Equity45,129
Total Current Liabilities
Short-term Debt 624
Accounts payable 5,047
Other Current Liabilities 1,338
Total Current Liabilities  (as reported)17,594
Total Current Liabilities  (calculated)7,009
+/- 10,585
Long-term Liabilities
Capital Lease Obligations Min Short Term Debt7,030
Long-term Liabilities  (as reported)7,030
Long-term Liabilities  (calculated)7,030
+/-0
Total Stockholder Equity
Common Stock2
Retained Earnings -578,701
Other Stockholders Equity 623,828
Total Stockholder Equity (as reported)45,129
Total Stockholder Equity (calculated)45,129
+/-0
Other
Capital Stock2
Cash and Short Term Investments 46,023
Common Stock Shares Outstanding 20,756
Current Deferred Revenue10,585
Liabilities and Stockholders Equity 69,753
Net Debt -38,369
Net Invested Capital 45,129
Net Working Capital 39,098
Property Plant and Equipment Gross 27,790
Short Long Term Debt Total 7,654



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-30
> Total Assets 
0
27,305
0
24,748
88,087
232,632
223,829
215,535
200,885
160,111
200,885
150,018
116,570
132,078
114,510
87,550
69,753
69,75387,550114,510132,078116,570150,018200,885160,111200,885215,535223,829232,63288,08724,748027,3050
   > Total Current Assets 
31,146
19,913
0
15,947
77,468
222,457
212,601
200,823
179,568
139,632
179,568
132,793
99,242
116,030
97,637
72,935
56,692
56,69272,93597,637116,03099,242132,793179,568139,632179,568200,823212,601222,45777,46815,947019,91331,146
       Cash And Cash Equivalents 
0
13,384
0
8,278
70,224
212,185
201,624
179,354
156,442
110,500
156,442
106,630
88,075
101,238
79,776
60,779
46,023
46,02360,77979,776101,23888,075106,630156,442110,500156,442179,354201,624212,18570,2248,278013,3840
       Net Receivables 
1,034
2,051
0
2,961
2,576
3,793
5,339
15,361
14,960
12,547
14,960
12,235
1,156
1,910
1,920
961
1,012
1,0129611,9201,9101,15612,23514,96012,54714,96015,3615,3393,7932,5762,96102,0511,034
       Inventory 
3,270
2,880
0
3,039
3,289
2,739
2,463
3,202
6,274
5,712
6,274
6,822
4,953
5,036
4,837
5,360
4,386
4,3865,3604,8375,0364,9536,8226,2745,7126,2743,2022,4632,7393,2893,03902,8803,270
   > Long-term Assets 
0
7,392
0
8,801
10,619
10,175
11,228
14,712
21,317
20,479
21,317
17,225
17,328
16,048
16,873
14,615
13,061
13,06114,61516,87316,04817,32817,22521,31720,47921,31714,71211,22810,17510,6198,80107,3920
       Property Plant Equipment 
4,507
5,400
0
7,816
8,315
9,113
10,142
10,763
17,399
16,716
17,399
14,770
15,028
13,206
14,265
12,168
11,711
11,71112,16814,26513,20615,02814,77017,39916,71617,39910,76310,1429,1138,3157,81605,4004,507
       Goodwill 
0
0
0
0
0
0
0
873
873
873
873
873
873
873
873
873
0
08738738738738738738738738730000000
       Intangible Assets 
0
0
0
0
0
0
0
1,990
1,835
1,681
1,835
1,372
1,217
1,063
956
850
744
7448509561,0631,2171,3721,8351,6811,8351,9900000000
       Long-term Assets Other 
0
1,992
0
985
2,304
1,062
1,086
1,086
1,210
1,209
1,210
210
210
906
779
724
606
6067247799062102101,2101,2091,2101,0861,0861,0622,30498501,9920
> Total Liabilities 
0
183,408
0
31,854
259,684
38,721
37,972
39,626
98,308
90,947
98,308
138,774
152,894
31,224
32,170
27,733
24,624
24,62427,73332,17031,224152,894138,77498,30890,94798,30839,62637,97238,721259,68431,8540183,4080
   > Total Current Liabilities 
17,386
22,290
0
25,306
21,084
23,718
22,769
24,372
77,945
72,383
77,945
132,401
146,719
25,251
25,004
20,523
17,594
17,59420,52325,00425,251146,719132,40177,94572,38377,94524,37222,76923,71821,08425,306022,29017,386
       Short-term Debt 
0
4,800
0
8,474
1,097
1,030
1,050
824
0
0
2,343
100,702
125,665
628
695
602
624
624602695628125,665100,7022,343008241,0501,0301,0978,47404,8000
       Short Long Term Debt 
0
4,800
0
7,312
0
0
0
0
1,667
3,333
5,000
100,000
125,000
0
0
0
0
0000125,000100,0005,0003,3331,66700007,31204,8000
       Accounts payable 
4,588
5,428
0
5,243
6,658
6,020
6,604
6,764
10,998
9,053
10,998
8,371
6,396
6,504
8,976
3,729
5,047
5,0473,7298,9766,5046,3968,37110,9989,05310,9986,7646,6046,0206,6585,24305,4284,588
       Other Current Liabilities 
4,641
11,656
0
11,026
12,888
16,357
14,942
16,715
58,329
54,402
64,587
23,328
14,658
18,119
15,333
1,457
1,338
1,3381,45715,33318,11914,65823,32864,58754,40258,32916,71514,94216,35712,88811,026011,6564,641
   > Long-term Liabilities 
0
161,118
0
6,548
238,600
15,003
15,203
15,254
20,363
18,564
20,363
6,373
6,175
5,973
7,166
7,210
7,030
7,0307,2107,1665,9736,1756,37320,36318,56420,36315,25415,20315,003238,6006,5480161,1180
       Long term Debt Total 
0
0
0
0
0
14,837
14,940
15,045
0
0
0
0
0
0
0
0
0
00000000015,04514,94014,83700000
       Capital Lease Obligations Min Short Term Debt
0
-4,800
0
-6,663
412
166
263
209
7,555
7,390
4,963
-93,627
-118,825
5,973
7,166
7,210
7,030
7,0307,2107,1665,973-118,825-93,6274,9637,3907,555209263166412-6,6630-4,8000
       Long-term Liabilities Other 
0
127
0
0
0
166
263
209
0
0
0
6,373
0
5,973
7,166
7,210
0
07,2107,1665,97306,3730002092631660001270
       Deferred Long Term Liability 
0
1,200
0
0
1,300
0
0
0
0
0
0
0
0
0
0
0
0
0000000000001,300001,2000
> Total Stockholder Equity
0
-156,103
0
-7,106
-171,597
193,911
185,857
175,909
102,577
69,164
102,577
11,244
-36,324
100,854
82,340
59,817
45,129
45,12959,81782,340100,854-36,32411,244102,57769,164102,577175,909185,857193,911-171,597-7,1060-156,1030
   Common Stock
0
0
0
1
186,715
4
4
4
4
4
4
4
4
2
2
2
2
222244444444186,7151000
   Retained Earnings Total Equity0-561,373-536,221-514,2990-419,901000-232,001-212,679-199,05800000
   Accumulated Other Comprehensive Income 0000000000-212,679-199,058-187,259-177,5330-159,2030
   Capital Surplus 
0
0
0
0
0
392,965
398,532
407,906
0
0
0
431,141
0
615,151
618,559
621,188
0
0621,188618,559615,1510431,141000407,906398,532392,96500000
   Treasury Stock00000000000000000
   Other Stockholders Equity 
0
162,303
0
170,426
15,662
392,965
611,211
407,906
0
0
413,889
431,141
434,200
615,151
618,559
621,188
623,828
623,828621,188618,559615,151434,200431,141413,88900407,906611,211392,96515,662170,4260162,3030



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue41,108
Cost of Revenue-23,862
Gross Profit17,24617,246
 
Operating Income (+$)
Gross Profit17,246
Operating Expense-130,665
Operating Income-89,557-113,419
 
Operating Expense (+$)
Research Development18,835
Selling General Administrative87,968
Selling And Marketing Expenses-
Operating Expense130,665106,803
 
Net Interest Income (+$)
Interest Income2,860
Interest Expense-0
Other Finance Cost-0
Net Interest Income2,860
 
Pretax Income (+$)
Operating Income-89,557
Net Interest Income2,860
Other Non-Operating Income Expenses-
Income Before Tax (EBT)-108,073-68,181
EBIT - interestExpense = 0
-108,173
-108,173
Interest Expense0
Earnings Before Interest and Taxes (EBIT)--108,073
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax-108,073
Tax Provision-100
Net Income From Continuing Ops-108,173-108,173
Net Income-108,173
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net-21,376-2,860
 

Technical Analysis of Eargo
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Eargo. The general trend of Eargo is BEARISH with 28.6% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Eargo's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-28.6%) Bearish trend (28.6%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Eargo Inc.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 2.58 < 2.79 < 2.87.

The bearish price targets are: 2.55 > 2.53 > 2.53.

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Eargo Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Eargo Inc. The current mas is .

The long score for the Moving Averages is 5/14.
The longshort score for the Moving Averages is -4/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Eargo Inc Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Eargo Inc. The current macd is 0.00082278.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Eargo price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Eargo. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Eargo price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Eargo Inc Daily Moving Average Convergence/Divergence (MACD) ChartEargo Inc Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Eargo Inc. The current adx is 23.90.

The long score for the Directional Movement Index (DMI) is 2/7.
The longshort score for the Directional Movement Index (DMI) is 2/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Eargo shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bullish trend could be forming. +1
Eargo Inc Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Eargo Inc. The current sar is 2.8648.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Eargo Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Eargo Inc. The current rsi is 41.03. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending down: The RSI is trending down. -1
Eargo Inc Daily Relative Strength Index (RSI) ChartEargo Inc Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Eargo Inc. The current phase is Oversold in bear market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -6/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Eargo price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Eargo Inc Daily Stochastic Oscillator ChartEargo Inc Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Eargo Inc. The current cci is -123.35021486.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
Eargo Inc Daily Commodity Channel Index (CCI) ChartEargo Inc Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Eargo Inc. The current cmo is -27.28784355.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Eargo Inc Daily Chande Momentum Oscillator (CMO) ChartEargo Inc Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Eargo Inc. The current willr is -96.77419355.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
Eargo Inc Daily Williams %R ChartEargo Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Eargo Inc.

Eargo Inc Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Eargo Inc. The current atr is 0.06844583.

Eargo Inc Daily Average True Range (ATR) ChartEargo Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Eargo Inc. The current obv is 19,783,558.

Eargo Inc Daily On-Balance Volume (OBV) ChartEargo Inc Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Eargo Inc. The current mfi is 16.65.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -2/(-2 +2).

  • MFI < 50: -1
  • MFI < 20: -1
Eargo Inc Daily Money Flow Index (MFI) ChartEargo Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Eargo Inc.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-10-02SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-10-05SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-10-10WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-10-12STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-10-13STOCH SHORT EXITThe %K line crosses above the %D line.
2023-10-16STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-10-19STOCH LONG EXITThe %K line crosses below the %D line.
2023-10-20WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-10-23CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-10-25BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-10-26MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-10-27STOCH SHORT EXITThe %K line crosses above the %D line.
2023-10-30DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-01STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-02STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-10MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-13STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-14STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-15MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-20STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-11-24STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-28WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-29STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-30STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-04WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-05CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-06STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-12CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-13CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-15CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-12-18STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-19CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-20CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-22STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-26CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-27STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-03STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-04STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-05CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-09CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-11CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-12STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-16DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-17CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-18MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-25STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-30STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-01-31RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-01MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-02STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-05STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-07STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-12CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-13STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-14SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-15STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside

6.3. Candlestick Patterns

Eargo Inc Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Eargo Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5041.034
Ma 20Greater thanMa 502.668
Ma 50Greater thanMa 1002.620
Ma 100Greater thanMa 2002.444
OpenGreater thanClose2.620
Total3/5 (60.0%)
Penke

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