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Entain (LON:ENT) Trading Down 10.4% - Time to Sell?

Entain logo with Consumer Cyclical background

Entain Plc (LON:ENT - Get Free Report)'s stock price dropped 10.4% during mid-day trading on Tuesday . The company traded as low as GBX 663.20 ($8.35) and last traded at GBX 665 ($8.37). Approximately 78,439,414 shares were traded during trading, an increase of 1,574% from the average daily volume of 4,686,803 shares. The stock had previously closed at GBX 742.20 ($9.34).

Wall Street Analysts Forecast Growth

ENT has been the subject of a number of research reports. Jefferies Financial Group reissued a "buy" rating and set a GBX 1,140 ($14.35) 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 ($12.96) to GBX 1,010 ($12.71) 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 issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of GBX 1,079.67 ($13.59).

View Our Latest Report on ENT

Entain Stock Performance

The company has a debt-to-equity ratio of 188.61, a quick ratio of 0.74 and a current ratio of 0.82. The firm's 50 day moving average is GBX 707.02 and its 200-day moving average is GBX 702.31. The firm has a market cap of £4.78 billion, a price-to-earnings ratio of -10.15, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19.

Insider Activity at Entain

In other Entain news, insider Ricky Sandler sold 4,334,882 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of GBX 806 ($10.14), for a total transaction of £34,939,148.92 ($43,976,273.03). 0.26% of the stock is owned by company insiders.

About Entain

(Get Free Report)

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.

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