Electronic Arts, Inc. (NASDAQ: EA)’s stock price has dropped by -0.39 in relation to previous closing price of 127.05. Nevertheless, the company has seen a loss of -3.17% in its stock price over the last five trading days. Business Wire reported 2024-04-16 that REDWOOD CITY, Calif.–(BUSINESS WIRE)–Electronic Arts Inc. (NASDAQ: EA) will release its financial results for the fiscal quarter and year ended March 31, 2024 after the close of market on Tuesday, May 7, 2024. In conjunction with this release, EA will host a conference call to review its financial results for the fiscal quarter and fiscal year, discuss its outlook for the future and may disclose other material developments affecting its business and/or financial performance. Listeners may acc.
Is It Worth Investing in Electronic Arts, Inc. (NASDAQ: EA) Right Now?
The price-to-earnings ratio for Electronic Arts, Inc. (NASDAQ: EA) is above average at 31.95x. The 36-month beta value for EA is also noteworthy at 0.78. There are mixed opinions on the stock, with 14 analysts rating it as a “buy,” 8 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
The public float for EA is 241.78M, and at present, short sellers hold a 3.23% of that float. The average trading volume of EA on April 17, 2024 was 2.15M shares.
EA’s Market Performance
EA’s stock has seen a -3.17% decrease for the week, with a -5.75% drop in the past month and a -7.73% fall in the past quarter. The volatility ratio for the week is 1.43%, and the volatility levels for the past 30 days are at 1.51% for Electronic Arts, Inc. The simple moving average for the last 20 days is -3.39% for EA’s stock, with a simple moving average of -3.84% for the last 200 days.
Analysts’ Opinion of EA
Many brokerage firms have already submitted their reports for EA stocks, with Stifel repeating the rating for EA by listing it as a “Buy.” The predicted price for EA in the upcoming period, according to Stifel is $155 based on the research report published on January 18, 2024 of the current year 2024.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see EA reach a price target of $160. The rating they have provided for EA stocks is “Outperform” according to the report published on January 09th, 2024.
EA Trading at -6.67% from the 50-Day Moving Average
After a stumble in the market that brought EA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.44% of loss for the given period.
Volatility was left at 1.51%, however, over the last 30 days, the volatility rate increased by 1.43%, as shares sank -4.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.38% lower at present.
During the last 5 trading sessions, EA fell by -3.17%, which changed the moving average for the period of 200-days by -2.99% in comparison to the 20-day moving average, which settled at $130.70. In addition, Electronic Arts, Inc. saw -7.50% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EA starting from Schatz Jacob J., who sale 1,000 shares at the price of $128.21 back on Apr 15 ’24. After this action, Schatz Jacob J. now owns 18,426 shares of Electronic Arts, Inc., valued at $128,210 using the latest closing price.
Miele Laura, the Chief Operating Officer of Electronic Arts, Inc., sale 2,000 shares at $132.82 during a trade that took place back on Apr 01 ’24, which means that Miele Laura is holding 34,772 shares at $265,640 based on the most recent closing price.
Stock Fundamentals for EA
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.76 for the gross margin
The net margin for Electronic Arts, Inc. stands at 0.14. The total capital return value is set at 0.16. Equity return is now at value 14.31, with 7.97 for asset returns.
Based on Electronic Arts, Inc. (EA), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at 1.2. The debt to equity ratio resting at 0.26. The interest coverage ratio of the stock is 32.96.
Currently, EBITDA for the company is 2.09 billion with net debt to EBITDA at -0.41. When we switch over and look at the enterprise to sales, we see a ratio of 4.32. The receivables turnover for the company is 8.83for trailing twelve months and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.33.
Conclusion
In summary, Electronic Arts, Inc. (EA) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
