The stock of Alliance Entertainment Holding Corporation (AENT) has gone up by 35.47% for the week, with a 25.57% rise in the past month and a 64.67% rise in the past quarter. The volatility ratio for the week is 15.59%, and the volatility levels for the past 30 days are 10.02% for AENT. The simple moving average for the past 20 days is 30.36% for AENT’s stock, with a 79.18% simple moving average for the past 200 days.
Is It Worth Investing in Alliance Entertainment Holding Corporation (NASDAQ: AENT) Right Now?
The stock has a 36-month beta value of 0.38. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for AENT is 3.45M, and at present, short sellers hold a 0.65% of that float. On May 10, 2024, the average trading volume of AENT was 23.28K shares.
AENT) stock’s latest price update
Alliance Entertainment Holding Corporation (NASDAQ: AENT) has experienced a rise in its stock price by 10.00 compared to its previous closing price of 2.50. However, the company has seen a gain of 35.47% in its stock price over the last five trading days. GlobeNewsWire reported 2024-04-23 that PLANTATION, Fla., April 23, 2024 (GLOBE NEWSWIRE) — Alliance Entertainment Holding Corporation (Nasdaq: AENT), a global distributor and wholesaler specializing in music, movies, video games, electronics, arcades, toys, and collectibles, will hold a conference call on Thursday, May 9, 2024 at 4:30 p.m.
AENT Trading at 44.39% from the 50-Day Moving Average
After a stumble in the market that brought AENT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -32.93% of loss for the given period.
Volatility was left at 10.02%, however, over the last 30 days, the volatility rate increased by 15.59%, as shares surge +27.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +61.76% upper at present.
During the last 5 trading sessions, AENT rose by +35.47%, which changed the moving average for the period of 200-days by +35.47% in comparison to the 20-day moving average, which settled at $2.14. In addition, Alliance Entertainment Holding Corporation saw 196.27% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AENT starting from Ogilvie Bruce A Jr, who purchase 100 shares at the price of $1.69 back on Mar 01 ’24. After this action, Ogilvie Bruce A Jr now owns 15,279,575 shares of Alliance Entertainment Holding Corporation, valued at $169 using the latest closing price.
Ogilvie Bruce A Jr, the Director of Alliance Entertainment Holding Corporation, purchase 200 shares at $1.65 during a trade that took place back on Feb 27 ’24, which means that Ogilvie Bruce A Jr is holding 15,279,475 shares at $330 based on the most recent closing price.
Stock Fundamentals for AENT
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.09 for the gross margin
The net margin for Alliance Entertainment Holding Corporation stands at -0.02. The total capital return value is set at -0.06. Equity return is now at value -6.82, with -2.54 for asset returns.
Based on Alliance Entertainment Holding Corporation (AENT), the company’s capital structure generated 0.57 points at debt to capital in total, while cash flow to debt ratio is standing at 1.03. The debt to equity ratio resting at 1.34. The interest coverage ratio of the stock is -0.97.
Currently, EBITDA for the company is -20.8 million with net debt to EBITDA at -35.46. When we switch over and look at the enterprise to sales, we see a ratio of 0.19. The receivables turnover for the company is 7.22for trailing twelve months and the total asset turnover is 3.1. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.35.
Conclusion
To sum up, Alliance Entertainment Holding Corporation (AENT) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
