The Electronic Arts Inc. (NASDAQ:EA) is going down by -4.40% in today’s trading session, a fall equivalent to -4.06% of the stock’s price from yesterday’s market close. A news came out on 08/12/19 stating that EA SPORTS Madden NFL 20 Scores Early With Biggest Ever Digital Launch in Its First Week on Sale by WSJ. The lowest point that the shares touched during the trading session was $91.25, while the peak of the day was recorded at a share price of $93.56. EA finished the previous session at $92.34 according to the data provided by Barchart, while the trading volume was observed to be $1,396,326.
In the 100 days of trading, EA managed to top a 94.53% Moving average. Additionally, Electronic Arts Inc. shares have achieved a 52-week range between 73.91 and 132.31 alongside 100 days raw stochastic set at 13.08%.
The number of shares outstanding, according to the fundamentals of the company, is set at 305.15M, equal to the value of $28.18B in market capitalization. Financial analysts indicate that EA shares should be still ranked as a “Outperform”. In the last 30 days, Electronic Arts Inc. shares went down by -8.82%, adding 97.07 to growth in value, on top of a +2.63% boost since 07/12/19.
Electronic Arts Inc. (NASDAQ:EA) Analyst’s Estimates
Electronic Arts Inc. (EA) could record at least $0.85 per share in quarterly earnings in the upcoming report on 10/29/2019, a number that would actually represent an increase of 9.64% YOY.
According to the average analyst rating, Electronic Arts Inc. would be rated as 2.00. Out of 33 different analysts monitoring EA stock, 11 analysts rate the stock as a BUY, 11 suggest to give the rating of HOLD, 11 indicate that EA is an OUTPERFORM, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERPERFORM.
On Aug-07-19, the stock earned a Upgrade rating due to a new analyst call from Atlantic Equities, while analysts from Cowen believe that the stock is set at Outperform from Market Perform, as concluded on Jul-31-19. Needham, is still rather wary about the stock, deciding to keep the rating at Buy as confirmed through a call on Jul-31-19.
BofA/Merrill, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Jul-25-19, giving the stock a Neutral from the Buy rating.
EA Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +72.73% has been attained, while the operating margin has been recorded at +20.32%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 11.62%. Beta value of the stock is recorded at 0.96. Additionally, Electronic Arts Inc. is recording price volatility of 3.03% for the period of the last seven days and 2.92% in the last 30 days.
Electronic Arts Inc. (NASDAQ:EA) Technical Outlook
For the period of the last 50 days, Electronic Arts Inc. had its Raw Stochastic average set at 13.08% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 20.96%. Stochastic %K for Electronic Arts Inc., with the last 20 days included, was set at 42.78%, having Stochastic %D topping 52.85%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Electronic Arts Inc. stocks with recording -29.68% in metrics.
Electronic Arts Inc. Insider Watch:
As far as the position of shares issued by Electronic Arts Inc. (NASDAQ:EA) for the period concluded at the market close of 08/13/19, 399 institutional investors increased their positions in EA shares by 42,804,990, 369 decreased positions by 45,711,003 and 115 institutional investors decided to hold positions at 188,083,265. These numbers put the complete list of institutional holdings set at 276,599,258 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 105 institutional investments with 9,914,156 new shares in addition to having 104 institutional investors selling their positions in 7,079,488 shares.