EPAM Systems, Inc.’s Stock Price Plummets to $181.93, Reflecting a Staggering 26.99% Drop

EPAM Systems, Inc. (EPAM)

181.93 USD -67.27 (-26.99%) Volume: 4.99M

EPAM Systems, Inc.’s stock price stands at 181.93 USD, witnessing a sharp downturn of -26.99% in the current trading session with a trading volume of 4.99M. The stock has experienced a significant YTD decline of -38.81%, indicating a volatile performance.

Latest developments on EPAM Systems, Inc.

Today, EPAM Systems (EPAM) shares faced a significant drop, despite beating expectations in Q1 with a reported $2.46 EPS. This downward movement was primarily due to the company lowering its full-year guidance for 2024, causing investor apprehension and leading to the stock’s plunge. While the Q1 earnings call transcript highlighted robust results, the updated full-year outlook reflected potential demand challenges. The disappointing outlook also led to EPAM Systems shares experiencing losses in the S&P 500 today. Despite this, Russell Investments Group Ltd. and First Trust Direct Indexing L.P. have recently acquired EPAM shares, demonstrating some stakeholder confidence.

EPAM Systems, Inc. on Smartkarma

Analysts on Smartkarma, like Baptista Research, are closely following the performance of Epam Systems. In their research reports, Baptista Research highlights how Epam Systems faced challenges in 2023 due to geopolitical factors like the Russian invasion of Ukraine. Despite these disruptions, the company managed to perform well by focusing on enhancing delivery quality and leveraging technological capabilities. Baptista Research aims to evaluate the factors that could impact Epam Systems‘ stock price in the near future, using a Discounted Cash Flow methodology for independent valuation.

Another report by Baptista Research on Smartkarma discusses how Epam Systems, Inc. delivered strong results in the previous quarter, despite exiting the Russian market. The company saw growth in various industry verticals, with financial services experiencing a slight decline in banking but offset by growth in asset management. Analysts, like those at Baptista Research, are closely monitoring Epam Systems‘ performance and strategic partnerships, such as their pioneering AWS partnership, to gauge the company’s future prospects and stock valuation.

A look at EPAM Systems, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

EPAM Systems, Inc. is looking at a positive long-term outlook according to Smartkarma Smart Scores. With a Value score of 3, the company is deemed to be fairly valued in the market. Its Growth score of 3 suggests promising potential for expansion and development in the future. Additionally, EPAM Systems has scored a Resilience rating of 4, indicating its ability to withstand market fluctuations and economic challenges. These factors combined with a Momentum score of 3 point towards a steady and sustainable growth trajectory for the company.

Despite its overall positive outlook, EPAM Systems may face challenges in terms of its Dividend score of 1, indicating a lower likelihood of providing regular dividends to its shareholders. However, with strong scores in other key areas, the company is well-positioned to maintain its competitive edge in the software development and outsourcing services industry. Overall, EPAM Systems’ diverse range of solutions and services position it as a strong player in the market with the potential for continued growth and success in the long run.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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