Trading Day Triumph: Electronic Arts, Inc. (EA) Ends at 147.00, a 0.22 Surge/Plunge

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Electronic Arts, Inc. (NASDAQ: EA) closed the day trading at $147.00 up 0.22% from the previous closing price of $146.67. In other words, the price has increased by $0.22 from its previous closing price. On the day, 2.42 million shares were traded. EA stock price reached its highest trading level at $148.2203 during the session, while it also had its lowest trading level at $146.24.

Ratios:

For a better understanding of EA, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.98 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.46. For the most recent quarter (mrq), Quick Ratio is recorded 1.37 and its Current Ratio is at 1.37. In the meantime, Its Debt-to-Equity ratio is 0.32 whereas as Long-Term Debt/Eq ratio is at 0.29.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Oppenheimer on July 16, 2024, Reiterated its Outperform rating but revised its target price to $170 from $150 previously.

On July 15, 2024, Citigroup Downgraded its rating to Neutral which previously was Buy and also upped its target price recommendation from $148 to $161.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 15 ’24 when Schatz Jacob J. sold 1,000 shares for $144.86 per share. The transaction valued at 144,857 led to the insider holds 29,317 shares of the business.

Canfield Stuart sold 3,000 shares of EA for $435,000 on Jul 11 ’24. The EVP & Chief Financial Officer now owns 7,553 shares after completing the transaction at $145.00 per share. On Jul 01 ’24, another insider, Miele Laura, who serves as the President of EA Entertainment of the company, sold 2,000 shares for $137.83 each. As a result, the insider received 275,662 and left with 52,933 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EA now has a Market Capitalization of 39063048192 and an Enterprise Value of 38091673600. As of this moment, Electronic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.42, and their Forward P/E ratio for the next fiscal year is 17.43. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.58. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.20 while its Price-to-Book (P/B) ratio in mrq is 5.21. Its current Enterprise Value per Revenue stands at 5.037 whereas that against EBITDA is 19.219.

Stock Price History:

Over the past 52 weeks, EA has reached a high of $147.47, while it has fallen to a 52-week low of $117.47. The 50-Day Moving Average of the stock is 8.51%, while the 200-Day Moving Average is calculated to be 9.71%.

Shares Statistics:

Over the past 3-months, EA traded about 2.16M shares per day on average, while over the past 10 days, EA traded about 2054144 shares per day. A total of 266.42M shares are outstanding, with a floating share count of 240.34M. Insiders hold about 9.55% of the company’s shares, while institutions hold 87.75% stake in the company. Shares short for EA as of 1719532800 were 5653887 with a Short Ratio of 2.62, compared to 1717113600 on 6363151. Therefore, it implies a Short% of Shares Outstanding of 5653887 and a Short% of Float of 2.39.

Dividends & Splits

EA’s forward annual dividend rate is 0.76, up from 0.76 a year ago. Against a Trailing Annual Dividend Yield of 0.0051817005

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