Do Allied Esports Entertainment Inc. (NASDAQ: AESE) Fit In A Value Investing Philosophy?

UPWK stock
UPWK stock

Virtu Financial BD LLC recently announced the acquisition of new stake in Allied Esports Entertainment Inc. (NASDAQ:AESE). This fresh investment now brings its stake to 0.26% valued currently at $0.15 million. In addition, Susquehanna Investment Group LLC raised its holdings by 32600.0 to 32600.0 shares. And BlackRock Fund Advisors has lifted its position by 273.35% or 17016.0 shares – to 23241.0 shares.

With over 1.79 million Allied Esports Entertainment Inc. (AESE) shares trading Tuesday and a closing price of $1.58 on the day, the dollar volume was approximately $2.83 million. The shares have shown a negative weekly performance of -3.66% and its price on 09/01/20 lost nearly -9.20%. Currently, there are 26.21M common shares owned by the public and among those 7.10M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for AESE have a consensus price objective of $4.13. The analysts have set the share’s price value over the next 12 months at a high of $4.25 and a low of $4.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Allied Esports Entertainment Inc. stock is 1.50 for the next 12 months. But an upside of 62.82% will see the stock hit the forecast high price target while mean target price for the stock is $4.13.

The top 3 mutual fund holders in Allied Esports Entertainment Inc. are Royce Smaller Companies Growth Fu, JNL Multi Manager Alternative Fun, and iShares Tr. – Micro Cap ETF. Royce Smaller Companies Growth Fu owns 0.2 million shares of the company’s stock, all valued at over $0.41 million. iShares Tr. – Micro Cap ETF now owns shares totaling to 0.04% of the shares outstanding.

Shares of Allied Esports Entertainment Inc. (NASDAQ: AESE) opened at $1.78, up $0.04 from a prior closing price of $1.74. However, the script later closed the day at $1.58, down -9.20%. The company’s stock has a 5-day price change of -3.66% and -60.60% over the past three months. AESE shares are trading -39.23% year to date (YTD), with the 12-month market performance down to -54.60% lower. It has a 12-month low price of $0.40 and touched a high of $6.28 over the same period. Currently, 1.79 million shares have been traded, compared to an average intraday trading volume of 4.69 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -11.92%, -21.79%, and -32.56% respectively.

Institutional ownership of Allied Esports Entertainment Inc. (NASDAQ: AESE) shares accounts for 2.50% of the company’s 26.21M shares outstanding. Mutual fund holders own 1.20%, while other institutional holders and individual stakeholders account for 82.12% and 0.92% respectively.

It has a market capitalization of $43.23M. The earnings-per-share (ttm) stands at -$1.27. Price movements for the stock have been influenced by the stock’s volatility, which stands at 11.42% over the week and 15.46% over the month.

Analysts forecast that Allied Esports Entertainment Inc. (AESE) will achieve an EPS of -$0.15 for the current quarter, -$0.14 for the next quarter and -$0.51 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.15 while analysts give the company a high EPS estimate of -$0.15. Earnings per share for the fiscal year are expected to decrease by -2.90%, and 51.40% over the next financial year.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate Allied Esports Entertainment Inc. (AESE) as a “Strong Buy” at a consensus score of 1.50. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 0 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”

Looking at the support for the AESE, a number of firms have released research notes about the stock. Stephens stated their Overweight rating for the stock in a research note on December 18, 2019, with the firm’s price target at. Dougherty & Company coverage for the Allied Esports Entertainment Inc. (AESE) stock in a research note released on December 11, 2019 offered a Buy rating with a price target of.


Please enter your comment!
Please enter your name here