Eros STX Global Corporation [NYSE: ESGC] loss -10.40% or -0.13 points to close at $1.12 with a heavy trading volume of 7404782 shares. The company report on May 25, 2021 that Eros Now Outlines Detailed Operating Metrics for Fiscal Year 2021 and Updates Forward Guidance.
Eros Now, a leading over-the-top (OTT) South Asian entertainment platform owned by Eros STX Global Corporation (NYSE: ESGC) (“ErosSTX” or “the Company”), a global entertainment company, released an update on forward guidance as well as detailed operating metrics for the fiscal year ended March 31, 2021.
As of March 31, 2021, Eros Now had 39.9 million total paid subscribers (including both Premium Paid subscribers and Base Paid subscribers, as defined below) and 224.0 million registered users worldwide. This represents 10.6 million net new paid subscriber additions since March 31, 2020, an annual growth rate of 36.2%. Going forward, the Company will concentrate its reporting and guidance on Premium Paid subscribers as Eros Now believes it is a more meaningful indicator of the platform’s performance and economic vitality.
It opened the trading session at $1.25, the shares rose to $1.3005 and dropped to $1.12, the range by which the price of stock traded the whole day. The daily chart for ESGC points out that the company has recorded -49.09% loss over the past six months. However, it is still -12.0% lower than its most recent low trading price.
If we look at the average trading volume of 9.48M shares, ESGC reached to a volume of 7404782 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 Eros STX Global Corporation [ESGC]:
The Average True Range (ATR) for Eros STX Global Corporation is set at 0.13, with the Price to Sales ratio for ESGC stock in the period of the last 12 months amounting to 1.00.
Trading performance analysis for ESGC stock
Eros STX Global Corporation [ESGC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.11. With this latest performance, ESGC shares dropped by -18.25% in over the last four-week period, additionally sinking by -49.09% over the last 6 months – not to mention a drop of -65.54% 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 ESGC stock in for the last two-week period is set at 39.24, with the RSI for the last a single of trading hit 38.05, and the three-weeks RSI is set at 39.51 for Eros STX Global Corporation [ESGC]. The present Moving Average for the last 50 days of trading for this stock 1.5288, while it was recorded at 1.2520 for the last single week of trading, and 2.0588 for the last 200 days.
Eros STX Global Corporation [ESGC]: A deeper dive into fundamental analysis
Eros STX Global Corporation [ESGC]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Eros STX Global Corporation posted 0.04/share EPS, while the average EPS was predicted by analysts to be reported at 0.12/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -66.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ESGC.
An analysis of insider ownership at Eros STX Global Corporation [ESGC]
There are presently around $97 million, or 32.03% of ESGC stock, in the hands of institutional investors. The top three institutional holders of ESGC stocks are: BLACKROCK INC. with ownership of 13,620,928, which is approximately 71.984% of the company’s market cap and around 11.31% of the total institutional ownership; RUBRIC CAPITAL MANAGEMENT LP, holding 10,500,000 shares of the stock with an approximate value of $11.76 million in ESGC stocks shares; and JEEREDDI INVESTMENTS, LP, currently with $11.24 million in ESGC stock with ownership of nearly 28.834% of the company’s market capitalization.
62 institutional holders increased their position in Eros STX Global Corporation [NYSE:ESGC] by around 43,790,398 shares. Additionally, 39 investors decreased positions by around 76,834,185 shares, while 16 investors held positions by with 34,139,256 shares. The mentioned changes placed institutional holdings at 86,485,327 shares, according to the latest SEC report filing. ESGC stock had 28 new institutional investments in for a total of 28,509,789 shares, while 12 institutional investors sold positions of 3,580,706 shares during the same period.