Eros International Plc (NYSE:EROS) traded at $2.55 at last check on Tuesday, Sep 15, making an upward move of 0.79% on its previous day’s price.
Looking at the stock we see that its previous close was $2.53 and the beta (5Y monthly) reads 1.08 with the day’s price range being $2.4700 – 2.5950. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, EROS has a high of $4.91 and a low of $1.1. The company’s stock has gained about -5.24% over that past 30 days.
Eros has a market cap of $515.41 Million and is expected to release its quarterly earnings report on July 30, 2020. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the EROS stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of -$0.06, with the EPS growth for the year declined at $0.04 for 2020 and $0.21 for next year. These figures represent -0.56% and at 4.25% growth in EPS for the two years respectively.
On the other hand, looking at the outlook for the EROS stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 50% Sell.
Based on estimates by 1 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, none have rated the Eros International Plc (EROS) stock as a Hold, while 1 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the EROS stock currently stands at 0, and the current price level is -9.56% off its SMA20 and -15.95% from its 50-day simple moving average. The RSI (14) is pointing at 37.36 while the volatility over the past week is 1002% and drops to 7.54% over the past one month. The beta value is 1.08, while the average true range (ATR) is currently pointing at 0.22. The average price target for the stock over the next 12 months is $4.5, with the estimates having a low of $4.5 and a high of $4.5. These price ends are 76.47% and +76.47% off the current price level respectively, although investors could be excited at the prospect of a +76.47% if the EROS share price touches on the median price of $4.5.
Coming back to Eros International Plc (NYSE:EROS), we note that the average 3-month trading volume was 3.73 Million, while that of the preceding 10-day period stands at 2.81 Million. Current shares outstanding are 155.58 Million.
According to data from Thomson Reuters, insiders hold 7.89% of the company’s shares while institutions hold 33.81%. The data shows that short shares as of August 30, 2020, stood at 13.23 Million at a short ratio of 3.73. This represents a 7.46% Short interest in Shares outstanding on August 30, 2020. Shares short rose in August from the previous month at 8.38 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -25.37% down in year-to-date price movement.