On Friday, Allied Esports Entertainment Inc. [NASDAQ:AESE] has a current price of $1.39, coming out to a daily percentage change of 4.51% with a 52-week range of $0.40 – $5.94.
Other data for the company is as follows:
- Stochastic %K of 44.17
- Weighted Alpha of -62.1
Daily swings are between $1.19 and $1.34.
The Price is right
Holding a Market Cap of $40.01 million, Allied Esports Entertainment Inc. has seen a trading range over the last year of $0.40-$5.94.
For the last five days, AESE is down from its last closing price. The average shares trading hands each day is 3.38M, with average 10-day volume coming in at 0.94 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for AESE. When we apply the Elder Force Index to Allied Esports Entertainment Inc., we are seeing an Elder Force Indicator number of 201630.36.
Recent Performance
The company’s enterprise value has gone from $69.36M to $42.97M quarter-over-quarter. Obviously, the company is heading in the wrong direction, but there are still opportunities for growth in the sector.
In the last quarter, AESE made a profit of 2.77 million. In addition, the company has operating cash flow of -$8.18 million.
Technical Analysis
Looking at popular technical indicators, the company’s 5-day moving average is 1.2930 compared to the 50-day moving average of 1.4491. So, traders might want to tread carefully if they are going to bid.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. AESE currently holds a 9-day RSI of 57.71%, while 100-day RSI stands at 45.42%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. AESE’s 9-day MACD is 0.0450 and the company’s 100-day MACD stands at -0.6601.
Inside Moves
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 69.99% by insiders and 4.61% by institutions. Regarding institutional holdings, Macquarie Group Limited owns 0.63%, while the second top holder, Royce & Associates LP, currently owns 0.63%.
Over the last six months, insiders have sold 455,800 with the most recent transaction from BERMAN LYLE, Chairman, with a sell at price 2.53 per share.
Conclusion
Overall, the recommended rating for AESE is Strong Buy. Currently, the company has 2 analysts watching the stock, and the average quarterly earnings estimate is -0.15. Quarterly revenue estimates are averaging 5.87M with the high estimate reaching 6M and the low at 5.74M.
