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Technical System Software

Evolving Systems, Inc. operates as a technology provider for the wireless telecommunications industry in the United States and internationally. It offers software solutions and services for phone number management, voicemail, and call routing. The company's products include Dynamic SIM Allocation (DSA), which allows mobile network operators to allocate and manage phone numbers in real-time; Busy Lamp Field (BLF), a call management system that visually alerts office workers of calls, messages, and meetings; and Intelligent VoiceMail (IVM), an integrated voicemail and messaging system.

HISTORY

Evolving Systems, Inc. was founded in 1990 and is headquartered in Englewood, Colorado.

As of March 10, 2023, The latest earnings per share (trailing 12 months) were reported at -0.07, which missed the estimate of -0.03. The reported earnings per share for the Same Quarter the previous year were -0.08 per share. The company had a net margin of 31.23% and a return on equity of 11.31%.

The 52-week range is a high of 3.44 and a low of 1.80. The company has a market cap of 35.79 million.

Forward Dividend Yield: 0.00% (0.00% forward annualized dividend yield)

(Updated Fri Mar 3 04:05 PM EDT)

Growth rates for the Full Year over the last three years:

-- Revenue Growth (%Yoy) -19.90% -42.90% -16.40%

-- Earnings Growth (%Yoy) -77.60% -28.40% -25.00%

Financial Health:

Evolving Systems has a current ratio of 2.56, indicating that the company has sufficient liquidity. The debt-to-equity ratio is 0.15, which suggests that the company has been effectively managing its debt levels.

Institutional ownership refers to the held percentage of a company's outstanding shares by hedge funds, pension programs, endowments, and other large institutions. Evolving Systems has institutional ownership of 7.4%, with a float percentage of 4.82%. Blackrock Inc. is the largest institutional holder with 0.37 million shares, representing 4.32% of the total ownership.

Technical Analysis:

In the last four weeks, the long-term trend has been positive for Evolving Systems. The long-term trend is most likely to continue in the upward direction. Based on a breakout of the resistance at 2.94, Evolving Systems is showing a major trend reversal. The SMA 50, SMA 200, and SMA 200 day moving averages are positive. Evolving Systems has formed a golden cross.

Based on the stock's volatility in recent months, it seems that the price may continue to move higher. However, it's essential to exercise caution and ensure that the company's fundamentals are strong enough to support the price growth. The stock's beta is 0.34, suggesting low volatility in the stock's price.

The 14-day Relative Strength Index (RSI) for Evolving Systems is currently at 78.86, which indicates that the stock is overbought. For traders who are looking to capitalize on the stock's overbought conditions, a drop in RSI would signal a buying opportunity.

Trends in earnings estimates:

Evolving Systems has a strong track record of topping earnings estimates, having beaten estimates flawlessly in each of the last four quarters. In its last earnings release, Evolving Systems held an Earnings Per Share of -0.05, which was better than the estimate of -0.07.

Overall, Evolving Systems is experiencing both offensive and defensive forces in the current market. While its financial health and growth rates are strong, its valuation and momentum may pose some concerns. The company's earnings estimates have been trending upwards, and it has a positive return on equity.

I'll provide more information on Evolving Systems' stock performance, valuation, and growth prospects. Please let me know if there are specific areas you'd like me to focus on or questions you have.