Electronic Arts, Inc. [NASDAQ: EA] jumped around 3.52 points on Wednesday, while shares priced at $149.14 at the close of the session, up 2.42%.
Compared to the average trading volume of 1.83M shares, EA reached a trading volume of 3600248 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Electronic Arts, Inc. [EA]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EA shares is $162.18 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EA stock is a recommendation set at 2.21. 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.
Goldman have made an estimate for Electronic Arts, Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 31, 2024. While these analysts kept the previous recommendation, Oppenheimer raised their target price from $150 to $170. The new note on the price target was released on July 16, 2024, representing the official price target for Electronic Arts, Inc. stock. Previously, the target price had yet another raise from $148 to $161, while Citigroup kept a Neutral rating on EA stock. On July 11, 2024, analysts increased their price target for EA shares from 160 to 165.
The Average True Range (ATR) for Electronic Arts, Inc. is set at 2.64, with the Price to Sales ratio for EA stock in the period of the last 12 months amounting to 5.33. The Price to Book ratio for the last quarter was 5.34, with the Price to Cash per share for the same quarter was set at 9.70. Price to Free Cash Flow for EA in the course of the last twelve months was 19.92 with Quick ratio for the last quarter at 1.45.
How has EA stock performed recently?
Electronic Arts, Inc. [EA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.95. With this latest performance, EA shares gained by 4.84% in over the last four-week period, additionally plugging by 16.35% over the last 6 months – not to mention a rise of 22.94% 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 EA stock in for the last two-week period is set at 64.48, with the RSI for the last a single of trading hit 71.16, and the three-weeks RSI is set at 60.24 for Electronic Arts, Inc. [EA]. The present Moving Average for the last 50 days of trading for this stock 144.77, while it was recorded at 145.83 for the last single week of trading, and 138.79 for the last 200 days.
Electronic Arts, Inc. [EA]: Deeper insight into the fundamentals
Electronic Arts, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.45 and a Current Ratio set at 1.43.
Earnings analysis for Electronic Arts, Inc. [EA]
With the latest financial reports released by the company, Electronic Arts, Inc. posted 2.96/share EPS, while the average EPS was predicted by analysts to be reported at 2.93/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.03. 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 EA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Electronic Arts, Inc. go to 11.92%.
Insider trade positions for Electronic Arts, Inc. [EA]
There are presently around $101.29%, or 101.50%% of EA stock, in the hands of institutional investors. The top three institutional holders of EA stocks are: VANGUARD GROUP INC with ownership of 29.11 million shares, which is approximately 10.7832%. BLACKROCK INC., holding 27.82 million shares of the stock with an approximate value of $$3.88 billion in EA stocks shares; and BLACKROCK INC., currently with $$3.46 billion in EA stock with ownership which is approximately 9.1881%.
