Alliance Entertainment Holding Corporation (NASDAQ:AENT) price closed higher on Tuesday, December 24, and jumping 0.27% above its previous close.
A look at the daily price movement shows that the last close reads $7.48, with intraday deals fluctuated between $7.132 and $8.2252. The company’s 5Y monthly beta was ticking 0.405 while its P/E ratio in the trailing 12-month period read 46.95. Taking into account the 52-week price action we note that the stock hit a 52-week high of $7.72 and 52-week low of $0.80. The stock added 55.60% on its value in the past month.
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Alliance Entertainment Holding Corporation, which has a market valuation of $396.45 million, is expected to release its quarterly earnings report in January.
On average, analysts have forecast the company’s revenue for the quarter will hit 421.31M, with the likely lows of 421.31M and highs of 421.31M. Staying with the analyst view, there is a consensus estimate of 1.11B for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow 1.08% above that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give AENT a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that AENT’s price is at present 23.63% off the SMA20 and 54.59% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 75.32, with weekly volatility standing at 13.72%. The indicator jumps to 12.41% when calculated based on the past 30 days. Alliance Entertainment Holding Corporation (NASDAQ:AENT)’s beta value is holding at 0.31, while the average true range (ATR) indicator is currently reading 0.73.
An analysis of the Alliance Entertainment Holding Corporation (NASDAQ:AENT) stock in terms of its daily trading volume indicates that the 3-month average is 78.24K. However, this figure increases on the past 10-day timeline to an average of 75490.0.
Current records show that the company has 50.96M in outstanding shares. The insiders’ percentage holdings are 93.83% of outstanding shares while the percentage share held by institutions stands at 0.27%. The stats also highlight that short interest as of 2024-10-31, stood at 55024.0 shares, which puts the short ratio at the time at 0.71. From this we can glean that short interest is 137.00 of company’s current outstanding shares. Notably, we see that shares short in October fall slightly given the previous month’s figure stood at 0.11 million. But the 738.18% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
