Allied Esports Entertainment Inc. [AESE] fell -40.38% so far this year. What now?

Allied Esports Entertainment Inc. [NASDAQ: AESE] gained 7.64% on the last trading session, reaching $1.55 price per share at the time. The company report on September 17, 2020 that Esports Entertainment Group Generates 400% Growth in New Registered Users During VIE.gg CS:GO Legend Series Tournament.

VIE.gg CS:GO Legend Series Reaches Record 1.7 Million Unique Viewers.

Tournament Now the Most-Watched Legend Series Event in Allied Esports History.

Allied Esports Entertainment Inc. represents 26.21 million in outstanding shares, while the company has a total market value of $43.07 million with the latest information. AESE stock price has been found in the range of $1.40 to $1.66.

If compared to the average trading volume of 3.60M shares, AESE reached a trading volume of 1401021 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Allied Esports Entertainment Inc. [AESE]:

Stephens have made an estimate for Allied Esports Entertainment Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 18, 2019. The new note on the price target was released on December 11, 2019, representing the official price target for Allied Esports Entertainment Inc. stock.

The Average True Range (ATR) for Allied Esports Entertainment Inc. is set at 0.22, with the Price to Sales ratio for AESE stock in the period of the last 12 months amounting to 1.86. The Price to Book ratio for the last quarter was 0.92, with the Price to Cash per share for the same quarter was set at 0.33.

Trading performance analysis for AESE stock

Allied Esports Entertainment Inc. [AESE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.32. With this latest performance, AESE shares gained by 14.81% in over the last four-week period, additionally plugging by 6.16% over the last 6 months – not to mention a drop of -72.81% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AESE stock in for the last two-week period is set at 46.77, with the RSI for the last a single of trading hit 49.49, and the three-weeks RSI is set at 45.44 for Allied Esports Entertainment Inc. [AESE]. The present Moving Average for the last 50 days of trading for this stock 1.8445, while it was recorded at 1.5040 for the last single week of trading, and 2.2221 for the last 200 days.

Allied Esports Entertainment Inc. [AESE]: A deeper dive into fundamental analysis

Allied Esports Entertainment Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.90.

An analysis of insider ownership at Allied Esports Entertainment Inc. [AESE]

There are presently around $1 million, or 2.50% of AESE stock, in the hands of institutional investors. The top three institutional holders of AESE stocks are: ROYCE & ASSOCIATES LP with ownership of 201,000, which is approximately 0% of the company’s market cap and around 17.90% of the total institutional ownership; VIRTU FINANCIAL LLC, holding 74,248 shares of the stock with an approximate value of $0.12 million in AESE stocks shares; and SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC, currently with $51000.0 in AESE stock with ownership of nearly New of the company’s market capitalization.

5 institutional holders increased their position in Allied Esports Entertainment Inc. [NASDAQ:AESE] by around 147,505 shares. Additionally, 9 investors decreased positions by around 375,749 shares, while 2 investors held positions by with 122,730 shares. The mentioned changes placed institutional holdings at 400,524 shares, according to the latest SEC report filing. AESE stock had 3 new institutional investments in for a total of 124,607 shares, while 6 institutional investors sold positions of 361,404 shares during the same period.

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