Global Eagle Entertainment Inc. (NASDAQ:ENT) is one of the stocks that are grabbing investor focus today: sinking -3.56% or (-0.02 points) to $0.41 from its previous close of $0.43. Does this decline mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 70379 contracts so far this session. ENT shares had a relatively better volume day versus average trading capacity of 228.23 thousand shares, but with a 78.85 million float and a -0.58% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for ENT stock indicates that the average analyst price target is $1.5 per share. This means the stock has a potential increase of 265.85% from where the ENT share price has been trading recently.
During the recent trading session for Global Eagle Entertainment Inc. (NASDAQ:ENT), the company witnessed their stock rise $0.01 over a week and tumble down $-0.06 from the price 20 days ago. When compared to their established 52-week high of $2.8, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 08/03/19. The recent low of $0.38 stood for a -85.28% since 04/02/20, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.33 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Global Eagle Entertainment Inc., the two-week RSI stands at 43.37. This figure suggests that ENT stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current ENT readings is similarly very revealing as it has a stochastic reading of 57.25% at this stage. This figure means that ENT share price today is being neutral.
Technical chart claims that Global Eagle Entertainment Inc. (ENT) would settle between $0.44/share to $0.45/share level. However, if the stock price goes below the $0.42 mark, then the market for Global Eagle Entertainment Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $0.41 for its downside target.
Analysts at William Blair lowered their recommendation on shares of ENT from Mkt Perform to Underperform in their opinion released on March 20. Citigroup analysts have lowered their rating of Global Eagle Entertainment Inc. (NASDAQ:ENT) stock from Neutral to Sell in a separate flash note issued to investors on October 26. Analysts at Dougherty & Company lowered the stock to a Neutral call from its previous Buy recommendation, in a research note that dated back to February 22.
ENT equity has an average rating of 3.33, with the figure leaning towards a bullish end. 3 analysts who tracked the company were contacted by Reuters. Amongst them, 1 rated the stock as a hold while the remaining 2 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 1 analysts rated Global Eagle Entertainment Inc. (NASDAQ:ENT) as a buy or a strong buy while 1 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, ENT stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/E ratio is 0 while for the average stock in the same group, the multiple is 19.7. Global Eagle Entertainment Inc. current P/B ratio of 0 means it is trading at a discount against its industry’s 3.7.
Global Eagle Entertainment Inc. (ENT)’s current-quarter revenues are projected to climb by nearly 3.4% to hit $165990, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 2% from $647090 to a noteworthy $659970. At the other end of the current quarter income statement, Global Eagle Entertainment Inc. is expected to see its adjusted earnings surge by roughly 39.7% to hit $-0.38 per share. For the fiscal year, ENT’s earnings are projected to climb by roughly 19.2% to hit $-1.64 per share.