This study aims to analyze the effect of Earning Per Share (EPS) and stock trading volume on the stock prices of technology sector companies listed on the Indonesia Stock Exchange during 2022–2024. The study employed a descriptive-verificative quantitative approach with purposive sampling involving PT GoTo Gojek Tokopedia Tbk (GOTO), PT Bukalapak.com Tbk (BUKA), and PT Global Digital Niaga Tbk (BELI), comprising 32 quarterly observations. Secondary data were analyzed using descriptive statistics, classical assumption tests, multiple linear regression, t-test, F-test, and the coefficient of determination in SPSS. Because autocorrelation was identified in the initial model through the Runs Test, the final estimation employed the Cochrane–Orcutt correction. In the final model, EPS did not have a significant effect on stock price (t = 1.526; Sig. = 0.138), while trading volume had a negative and significant effect (t = −3.689; Sig. = 0.001). Simultaneously, EPS and trading volume significantly affected stock price (F = 7.059; Sig. = 0.003). The R Square was 0.335 and the Adjusted R Square was 0.288, indicating that the model explained 28.8% of stock-price variation after correction. The findings indicate that trading volume was significant in the final model, whereas EPS did not show a significant partial effect.
Copyrights © 2026