Alliance Entertainment Holding Corporation (NASDAQ: AENT) is -46.47% lower on its value in year-to-date trading and has touched a low of $1.07 and a high of $11.57 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 AENT stock was last observed hovering at around $5.94 in the last trading session, with the day’s loss setting it -1.09%.
Currently trading at $4.85, the stock is -36.31% and -21.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.22 million and changing -18.35% at the moment leaves the stock 43.20% off its SMA200. AENT registered 259.26% gain for a year compared to 6-month gain of 87.98%. The firm has a 50-day simple moving average (SMA 50) of $6.1424 and a 200-day simple moving average (SMA200) of $3.38684.
The stock witnessed a -16.81% loss in the last 1 month and extending the period to 3 months gives it a 75.09%, and is -35.85% 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 31.85% over the week and 21.53% over the month.
Alliance Entertainment Holding Corporation (AENT) has around 657 employees, a market worth around $247.14M and $1.10B in sales. Current P/E ratio is 29.27 and Fwd P/E is 10.78. Profit margin for the company is 0.77%. Distance from 52-week low is 353.27% and -58.09% 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 7.08%. 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).
