Electronic Arts, Inc. (NASDAQ: EA) is -1.21% lower on its value in year-to-date trading and has touched a low of $108.53 and a high of $144.53 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EA stock was last observed hovering at around $135.40 in the last trading session, with the day’s loss setting it -0.25%.
Currently trading at $135.15, the stock is -3.54% and -2.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.63 million and changing -0.18% at the moment leaves the stock 3.22% off its SMA200. EA registered 20.37% gain for a year compared to 6-month gain of 11.75%. The firm has a 50-day simple moving average (SMA 50) of $4.57 and a 200-day simple moving average (SMA200) of $17.51.
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The stock witnessed a -1.17% loss in the last 1 month and extending the period to 3 months gives it a -1.45%, and is -4.01% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.84% over the week and 1.92% over the month.
Electronic Arts, Inc. (EA) has around 13400 employees, a market worth around $36.13B and $7.57B in sales. Current P/E ratio is 34.13 and Fwd P/E is 17.71. Profit margin for the company is 14.26%. Distance from 52-week low is 24.53% and -6.49% from its 52-week high. The company has generated returns on investments over the last 12 months (11.46%).
Electronic Arts, Inc. quarterly earnings per share for the current quarter are estimated at $1.54 with sales reaching $1.81B over the same period.The EPS is expected to grow by 12.55% this year, but quarterly earnings will post 3.10% year-over-year. Quarterly sales are estimated to shrink -7.20% in year-over-year returns.
Electronic Arts, Inc. (EA) Top Institutional Holders
1,496 institutions hold shares in Electronic Arts, Inc. (EA), with institutional investors hold 95.94% of the company’s shares. The shares outstanding are 272.91M, and float is at 241.88M with Short Float at 1.81%. Institutions hold 95.66% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 25.78 million shares valued at $3.34 billion. The investor’s holdings represent 9.52% of the EA Shares outstanding. As of Jun 29, 2023, the second largest holder is Public Investment Fund with 24.81 million shares valued at $3.22 billion to account for 9.16% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 22.04 million shares representing 8.13% and valued at over $2.86 billion, while State Street Corporation holds 5.03% of the shares totaling 13.64 million with a market value of $1.77 billion.
Electronic Arts, Inc. (EA) Insider Activity
The most recent transaction is an insider sale by Miele Laura,the company’sChief Operating Officer. SEC filings show that Miele Laura sold 2,000 shares of the company’s common stock on Mar 01 ’24 at a price of $139.08 per share for a total of $0.28 million. Following the sale, the insider now owns 36772.0 shares.
Electronic Arts, Inc. disclosed in a document filed with the SEC on Mar 01 ’24 that Singh Vijayanthimala (Chief People Officer) sold a total of 800 shares of the company’s common stock. The trade occurred on Mar 01 ’24 and was made at $139.08 per share for $0.11 million. Following the transaction, the insider now directly holds 27883.0 shares of the EA stock.
Still, SEC filings show that on Feb 26 ’24, Wilson Andrew (CEO and Board Chair) disposed off 2,500 shares at an average price of $142.39 for $0.36 million. The insider now directly holds 28,430 shares of Electronic Arts, Inc. (EA).
