Entain (LON:ENT) Stock Price Down 10.3% - Should You Sell?

Entain Plc (LON:ENT - Get Free Report) was down 10.3% during trading on Tuesday . The stock traded as low as GBX 653.80 ($8.22) and last traded at GBX 665.82 ($8.37). Approximately 80,405,445 shares traded hands during trading, an increase of 1,591% from the average daily volume of 4,754,597 shares. The stock had previously closed at GBX 742.20 ($9.33).

Wall Street Analysts Forecast Growth

Several research analysts have commented on ENT shares. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 1,140 ($14.33) price objective on shares of Entain in a research note on Monday, December 16th. Berenberg Bank dropped their price objective on shares of Entain from GBX 1,030 ($12.94) to GBX 1,010 ($12.69) and set a "neutral" rating for the company in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 1,079.67 ($13.57).

Entain Price Performance

The stock has a market capitalization of £4.78 billion, a PE ratio of -10.15, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19. The company has a quick ratio of 0.74, a current ratio of 0.82 and a debt-to-equity ratio of 188.61. The stock's 50 day moving average price is GBX 708.41 and its 200-day moving average price is GBX 701.63.

Insider Activity at Entain

In other Entain news, insider Ricky Sandler sold 4,334,882 shares of the business's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of GBX 806 ($10.13), for a total value of £34,939,148.92 ($43,909,952.14). 0.26% of the stock is currently owned by corporate insiders.

Entain Company Profile

Entain plc LSE: ENT is a FTSE100 company and is one of the world's largest sports betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports brands include BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet, Sports Interaction, STS, SuperSport and TAB NZ; Gaming brands include Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and PartyCasino.