Take off with Electronic Arts, Inc. (EA): Get ready for trading

With 1.42 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.3 million shares. During the session, the Electronic Gaming & Multimedia company that operates in wider Communication Services sector, reached to the highest price of $150.05 whereas the lowest price it dropped to was $146.73. The 52-week range on EA shows that it touched its highest point at $153.51 and its lowest point at $117.47 during that stretch. It currently has a 1-year price target of $160.48. With its current market cap of 38.87 billion, EA has annualized dividend of $0.76 while the current yield stands at 0.52%. Beta for the stock currently stands at 0.79.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EA was up-trending over the past week, with a rise of 0.06%, but this was up by 4.21% over a month. Three-month performance surged to 8.87% while six-month performance rose 2.52%. The stock gained 23.09% in the past year, while it has gained 7.54% so far this year. A look at the trailing 12-month EPS for EA yields 4.26 with Next year EPS estimates of 8.53. For the next quarter, that number is 1.99. This implies an EPS growth rate of 10.77% for this year and 11.36% for next year. EPS is expected to grow by 12.90% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 7.04%.

Float and Shares Shorts:

At present, 266.42 million EA shares are outstanding with a float of 238.94 million shares on hand for trading. On 2024-07-31, short shares totaled 5.88 million, which was 223.0 higher than short shares on 1719532800. In addition to Mr. Andrew Wilson as the firm’s Chairman & CEO, Mr. Stuart Canfield serves as its Executive VP & CFO.

Institutional Ownership:

Through their ownership of 0.98253995 of EA’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, EA reported revenue of $1660000000.0 and operating income of $366000000.0. The EBITDA in the recently reported quarter was $448000000.0 and diluted EPS was $1.04.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.