Entain (LON:ENT) Stock Price Down 11.1% - Here's What Happened

Entain Plc (LON:ENT) experienced a significant drop in its stock price, falling by 11.1% during trading on Tuesday. The shares traded as low as GBX 653 ($8.13) before closing at GBX 660 ($8.22). A total of 7,332,096 shares changed hands, indicating a 228% increase in trading volume compared to the average session volume of 2,234,826 shares. This decline follows a previous close of GBX 742.20 ($9.24).

Analyst Ratings

The performance of Entain has prompted analysts to share their thoughts through various research reports. Jefferies Financial Group maintained its "buy" rating and set a target price of GBX 1,140 ($14.19) for the shares of Entain, as detailed in a report from December 16th. Conversely, Berenberg Bank lowered their target price from GBX 1,030 ($12.83) to GBX 1,010 ($12.58) and assigned a "neutral" rating to the stock in a report dated November 7th. Currently, two equity research analysts suggest holding the stock, while three recommended buying it. MarketBeat.com indicates that Entain holds an average rating of "Moderate Buy" with a consensus price target of GBX 1,079.67 ($13.44).

Stock Performance Overview

Looking at the overall performance of the stock, Entain records a debt-to-equity ratio of 154.96, coupled with a quick ratio of 0.74 and a current ratio of 0.67. The fifty-day simple moving average for the stock is GBX 715.82, whereas the 200-day simple moving average stands at GBX 700.87. The company's market capitalization is £4.22 billion, with a P/E ratio of -1,031.25, a PEG ratio of 0.92, and a beta value of 1.19, indicating its volatility in comparison to the market.

Insider Trading Activities

In notable insider activity, Ricky Sandler, an insider at Entain, sold 4,334,882 shares on December 2nd. The shares were sold at an average price of GBX 806 ($10.04), leading to a total transaction value of approximately £34.94 million ($43.51 million). Currently, insiders hold about 0.26% of the company's stock.

About Entain

Entain plc (LON: ENT) is recognized as a leading global sports betting and gaming company, featuring a presence in both online and retail sectors. The group boasts a diverse portfolio of well-known brands in sports betting such as BetCity, bwin, Coral, and Ladbrokes, along with gaming brands like Foxy Bingo, PartyCasino, and Partypoker.

Final Thoughts

With the recent downturn in stock price and varied analyst perspectives, investors may wonder whether now is the right time to sell or hold onto Entain shares. The current volatility presents opportunities, but careful consideration of market conditions and expert insights will be essential moving forward.

Entain, Stocks, Market