Entain (LON:ENT) Stock Price Down 10% - Time to Sell?

Entain Plc (LON:ENT - Get Free Report) dropped 10% on Tuesday . The company traded as low as GBX 653.80 ($8.22) and last traded at GBX 668.20 ($8.40). Approximately 80,156,039 shares were traded during trading, an increase of 1,589% from the average daily volume of 4,745,997 shares. The stock had previously closed at GBX 742.20 ($9.33).

Wall Street Analysts Forecast Growth

ENT has been the topic of a number of research reports. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 1,140 ($14.33) target price on shares of Entain in a research note on Monday, December 16th. Berenberg Bank decreased their target price on shares of Entain from GBX 1,030 ($12.94) to GBX 1,010 ($12.69) and set a "neutral" rating on the stock in a research note on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of GBX 1,079.67 ($13.57).

Entain Stock Up 6.8 %

The firm has a market capitalization of £4.78 billion, a price-to-earnings ratio of -10.15, a P/E/G ratio of 0.92 and a beta of 1.19. The stock has a fifty day moving average of GBX 708.41 and a two-hundred day moving average of GBX 701.63. The company has a debt-to-equity ratio of 188.61, a current ratio of 0.82 and a quick ratio of 0.74.

Insiders Place Their Bets

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

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.