eGain Corporation

Company Overview:  eGain Corporation (NASDAQ: EGAN) software-as-a-service (SaaS) provider of customer engagement with digital, artificial intelligence (AI), and knowledge capabilities. The Company operates in the development, license, implementation, and customer service infrastructure software solutions.

As per our previous report published on EGAN on 15th November 2022, Kalkine provided a ‘Speculative Buy’ stance on the stock at USD 7.89 based on ‘revenue generation, shares repurchase program, and upside indicated based on Valuation done, and the stock price has now moved by ~16.60% since then and the price has crossed both the Resistance 1 and Resistance 2 levels.

Noted below are the details of support and resistance levels provided in our previous report:

EGAN’s Daily Chart

Considering the long-term SMA resistance, target level attainment, current trading levels, risks associated, and volatile market conditions on the back of rising interest rates, a ‘Sell’ rating is assigned to the “EGAN” at the current market price of USD 9.20 (as of 18 November, at 8:20 AM PST).  

Note: This report may be updated with details around fundamental and technical analysis, price/ chart in due course, as appropriate 

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 18^th November 2022. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level that the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the New York Stock Exchange (NYSE), NASDAQ Capital Markets (NASDAQ), and or REFINITIV. Typically, all sources (NYSE, NASDAQ, or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Disclaimer

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