Alliance Entertainment Holding Corporation (NASDAQ: AENT) is 738.18% higher on its value in year-to-date trading and has touched a low of $0.80 and a high of $7.72 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AENT stock was last observed hovering at around $7.48 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $7.50, the stock is 23.63% and 54.59% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.1 million and changing 0.27% at the moment leaves the stock 155.81% off its SMA200. AENT registered 774.16% gain for a year compared to 6-month gain of 145.43%. The firm has a 50-day simple moving average (SMA 50) of $4.7508 and a 200-day simple moving average (SMA200) of $2.901315.
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The stock witnessed a 55.60% loss in the last 1 month and extending the period to 3 months gives it a 207.51%, and is 24.48% up 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 13.72% over the week and 12.41% over the month.
Alliance Entertainment Holding Corporation (AENT) has around 657 employees, a market worth around $383.20M and $1.10B in sales. Current P/E ratio is 45.26 and Fwd P/E is 16.67. Profit margin for the company is 0.77%. Distance from 52-week low is 837.50% and -2.85% from its 52-week high. The company has generated returns on investments over the last 12 months (4.07%).
with sales reaching $421.31M over the same period.The EPS is expected to grow by 316.67% this year, but quarterly earnings will post 1.08% year-over-year.
Alliance Entertainment Holding Corporation (AENT) Top Institutional Holders
8.0 institutions hold shares in Alliance Entertainment Holding Corporation (AENT), with institutional investors hold 4.71% of the company’s shares. The shares outstanding are 50.96M, and float is at 3.14M with Short Float at 3.28%. Institutions hold 0.29% of the Float.
Alliance Entertainment Holding Corporation (AENT) Insider Activity
The most recent transaction is an insider purchase by Ogilvie Bruce A Jr, the company’s Executive Chairman. SEC filings show that Ogilvie Bruce A Jr bought 1,900 shares of the company’s common stock on May 30 ’24 at a price of $2.20 per share for a total of $4180.0. Following the purchase, the insider now owns 15.28 million shares.
Alliance Entertainment Holding Corporation disclosed in a document filed with the SEC on May 15 ’24 that Wielenga Terilea J (Director) bought a total of 5,000 shares of the company’s common stock. The trade occurred on May 15 ’24 and was made at $2.55 per share for $12750.0. Following the transaction, the insider now directly holds 13000.0 shares of the AENT stock.
Still, SEC filings show that on May 14 ’24, Wielenga Terilea J (Director) acquired 3,000 shares at an average price of $2.55 for $7650.0. The insider now directly holds 8,000 shares of Alliance Entertainment Holding Corporation (AENT).
