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Summarizing The Case For Veoneer Inc. (VNE), Allied Esports Entertainment Inc. (AESE)

Veoneer Inc. (NYSE: VNE) shares are -17.80% down in the year-to-date (YTD) period and have moved 17.15% or $1.88 higher in the latest trading session. However, stock’s trailing 12-month performance remains nearly +144.57% lower. Comparatively, the stock is -22.51% down YTD and 19.11% over the trailing 3-month period. If we look at the shorter duration, its week performance is 25.64% and 19.78% over the month.

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Analyst Recommendations

On February 10, 2020, Deutsche Bank recommended the VNE stock is a Hold, while earlier, Barclays had Downgrade the stock as a Equal Weight on April 07, 2020. 22 analysts offering the recommendations for the stock have a consensus rating of 2.90 to suggest that the VNE stock is a “Moderate Buy. 2 of the 22 analysts rate the stock as a “Sell”, while 0 has rated it as “Underweight”. 8 recommend buying, with 0 rating it as an Overweight.

The stock currently trades at $12.84 and analysts tracking its performance over the next 12 months have a consensus estimate price target of $11.92. The consensus price target represents an downside potential -7.72.

Earnings Forecast

Analysts estimate the earnings to increase 39.40% in the current quarter to -$0.98, up from the -$1.2 reported in the same quarter a year ago. For the current year, earnings should grow to an average of -$4.42, down -32.00% from -$4.92 reported last year. Analysts also offered guidance for the next financial quarter, with their average projected EPS at between -$0.98 and -$0.59. Wall Street estimates earnings per share to be at an average of -$2.61 for the next year.

Insider Transactions Summary

According to SEC data, total insider shares purchases at the company stands at 14 over the last 12 months, while SEC filings reveal that there have been 6 insider sales over the same period. Insiders have purchases 139,099 shares while those sold by company executives and officers stand at 27,893. The last 3 months have seen insiders trade a total of 24,969 and 24,969 in purchases and sales respectively.

Allied Esports Entertainment Inc. (NASDAQ:AESE), on the other hand, is trading around $1.67 with a market cap of $51.22M and analyst research firms have a negative stance on its shares. Some analysts are even forecasting -$1.05 per share in earnings this year on a short term (1 year) basis.

Let us briefly look at the Allied Esports Entertainment Inc. (AESE) financials, with a focus on its operating details as indicated in its earnings report for the last quarter.

Company balance sheet and cash flow

AESE’s operating margin was negative on the trailing 12 months basis, remaining steady at -94.40%, while the operating expenses over the recent quarter were at $8.36 million. This represented a -82.37% of the company’s total revenues which amounted $4.58 million. With this in place, we can see that the company’s diluted EPS declined -$0.42 on the year-over-year period, shrinking to -$0.24 as given in the last earnings report.

In terms of the balance sheet & cash flow as of (Sep 2020), the total assets figure advanced to $69.91 million from $68.71 million over the previous quarter. The cash flow from operating activities totaled -$3.08 million, significantly higher than the -$4.96 million reported in the year-ago quarter. The company’s free cash flow for the quarter was -$3.53 million.

Major holders

Insiders own 20.40% of the company shares, while shares held by institutions stand at 2.50% with a share float percentage of 6.35M. Investors are also buoyed by the number of investors in a company, with Allied Esports Entertainment Inc. having a total of 12 institutions that hold shares in the company. The top two institutional holders are Macquarie Group Limited with over 0.2 million shares worth more than $0.43 million. As of Jun 29, 2020, Macquarie Group Limited held 0.69% of shares outstanding.

The other major institutional holder is Royce & Associates LP, with the investment firm holding over 0.2 million shares as of Jun 29, 2020. The firm’s total holdings are worth over $0.42 million and represent 0.69% of shares outstanding.

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