Redbox Entertainment Inc. [RDBX] Is Currently 81.97 above its 200 Period Moving Avg: What Does This Mean?

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Redbox Entertainment Inc. [NASDAQ: RDBX] gained 81.97% or 2.5 points to close at $5.55 with a heavy trading volume of 108222395 shares. The company report on May 24, 2022 that Redbox Entertainment Acquires North American Rights to WWII Action-Drama Come Out Fighting.


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Written and Directed by Steven Luke, Come Out Fighting stars Kellan Lutz, Michael Jai White, Dolph Lundgren, Hiram A. Murray and Tyrese Gibson, and will premiere in 2022.

Redbox Entertainment, the original content division of Redbox (NASDAQ: RDBX), today announced it has acquired North American distribution rights to WWII action-drama Come Out Fighting. The film stars Kellan Lutz (The Twilight Saga) as Lieutenant Frank Ross, and Michael Jai White (Mortal Kombat: Legacy) as Sergeant AJ ‘Red’ McCarron, and is written and directed by Steve Luke (Operation Seawolf). The film will premiere in 2022 and is expected to have a limited theatrical run and be available day-and-date On Demand.

It opened the trading session at $3.09, the shares rose to $6.58 and dropped to $3.08, the range by which the price of stock traded the whole day. The daily chart for RDBX points out that the company has recorded -2.63% loss over the past six months. However, it is still -244.72% lower than its most recent low trading price.

If we look at the average trading volume of 21.76M shares, RDBX reached to a volume of 108222395 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 Redbox Entertainment Inc. [RDBX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RDBX shares is $2.17 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RDBX stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

B. Riley Securities have made an estimate for Redbox Entertainment Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 27, 2022. While these analysts kept the previous recommendation, Wedbush raised their target price to Outperform. The new note on the price target was released on November 30, 2021, representing the official price target for Redbox Entertainment Inc. stock. Previously, the target price had yet another raise to $21, while BTIG Research analysts kept a Buy rating on RDBX stock.

The Average True Range (ATR) for Redbox Entertainment Inc. is set at 1.24, with the Price to Sales ratio for RDBX stock in the period of the last 12 months amounting to 0.83.

Trading performance analysis for RDBX stock

Redbox Entertainment Inc. [RDBX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 25.85. With this latest performance, RDBX shares dropped by -43.65% in over the last four-week period, additionally sinking by -2.63% over the last 6 months – not to mention a drop of -44.39% 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 RDBX stock in for the last two-week period is set at 48.18, with the RSI for the last a single of trading hit 52.56, and the three-weeks RSI is set at 47.90 for Redbox Entertainment Inc. [RDBX]. The present Moving Average for the last 50 days of trading for this stock 6.86, while it was recorded at 4.00 for the last single week of trading, and 6.69 for the last 200 days.

Redbox Entertainment Inc. [RDBX]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Redbox Entertainment Inc. [RDBX] shares currently have an operating margin of -49.65 and a Gross Margin at -23.23. Redbox Entertainment Inc.’s Net Margin is presently recorded at -2.53.

Return on Equity for this stock declined to -15.60, with Return on Assets sitting at -2.78.

Redbox Entertainment Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.40.

An analysis of insider ownership at Redbox Entertainment Inc. [RDBX]

There are presently around $211 million, or 79.50% of RDBX stock, in the hands of institutional investors. The top three institutional holders of RDBX stocks are: APOLLO MANAGEMENT HOLDINGS, L.P. with ownership of 34,526,487, which is approximately 0% of the company’s market cap and around 0.30% of the total institutional ownership; OMNI PARTNERS US LLC, holding 1,190,529 shares of the stock with an approximate value of $6.61 million in RDBX stocks shares; and STANDARD GENERAL L.P., currently with $5.44 million in RDBX stock with ownership of nearly 0% of the company’s market capitalization.

17 institutional holders increased their position in Redbox Entertainment Inc. [NASDAQ:RDBX] by around 893,556 shares. Additionally, 14 investors decreased positions by around 3,224,139 shares, while 6 investors held positions by with 33,843,239 shares. The mentioned changes placed institutional holdings at 37,960,934 shares, according to the latest SEC report filing. RDBX stock had 12 new institutional investments in for a total of 310,444 shares, while 8 institutional investors sold positions of 2,998,196 shares during the same period.

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