Why is Allied Esports Entertainment Inc. (AESE) down -76.74% from the day 1 this year?

At the end of the latest market close, Allied Esports Entertainment Inc. (AESE) was valued at $1.00. In that particular session, Stock kicked-off at the price of $1.02 while reaching the peak value of $1.04 and lowest value recorded on the day was $0.98. The stock current value is $1.04.

Recently in News on October 26, 2020, Allied Esports Entertainment to Report Third Quarter 2020 Results on Monday, November 9. Allied Esports Entertainment, Inc. (NASDAQ: AESE) (the “Company”), a global esports entertainment company, today announced it will report its third quarter 2020 results after market close on Monday, November 9, 2020. The Company will also host a conference call that day to discuss the results at 1:30 p.m. PT / 4:30 p.m. ET. You can read further details here

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Allied Esports Entertainment Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $5.9400 on 06/01/20, with the lowest value was $0.4000 for the same time period, recorded on 03/12/20.

Allied Esports Entertainment Inc. (AESE) full year performance was -76.74%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Allied Esports Entertainment Inc. shares are logging -82.49% during the 52-week period from high price, and 160.00% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.40 and $5.94.

The company’s shares, operating in the sector of Communication Services managed to top a trading volume set approximately around 1037971 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Allied Esports Entertainment Inc. (AESE) recorded performance in the market was -61.54%, having the revenues showcasing -53.92% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 33.33M, as it employees total of 146 workers.

Market experts do have their say about Allied Esports Entertainment Inc. (AESE)

During the last month, 0 analysts gave the Allied Esports Entertainment Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.6879, with a change in the price was noted -1.2000. In a similar fashion, Allied Esports Entertainment Inc. posted a movement of -54.05% for the period of last 100 days, recording 2,620,696 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for AESE is recording 0.23 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.10.

Technical breakdown of Allied Esports Entertainment Inc. (AESE)

Raw Stochastic average of Allied Esports Entertainment Inc. in the period of last 50 days is set at 16.65%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 19.51%. In the last 20 days, the company’s Stochastic %K was 17.36% and its Stochastic %D was recorded 14.65%.

Bearing in mind the latest performance of Allied Esports Entertainment Inc., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -61.54%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -44.75%, alongside a downfall of -76.74% for the period of the last 12 months. The shares increased approximately by 4.17% in the 7-day charts and went up by -18.03% in the period of the last 30 days. Common stock shares were lifted by -53.92% during last recorded quarter.

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