Electronic Arts Recent Stock Dip Raises Concerns

Electronic Arts stock price has dropped as of recent and almost made it down to the two digit zone, although it has recovered ever so slightly as of this writing, this dip has raised concerns about the company and its latest moves.

Two publication sites surrounding that of business stock and performance, theriponadvance.com and normanobserver.com, have taken notice of EA’s stock dropping down as low as 100.83 and up to 101.44 at closing, especially in comparison to where it once was.

If you want to know what the former publication site had to say about the most recent event, the author went to write the following:

“Electronic Arts Inc. (EA) closed its previous trading session at $100.83 with the loss of -4.9%. The company’s market cap is $31.16 Billion, and the average volume is 3.06 Million. The Price to Sales (P/S) ratio of the stock is 6.13, while P/B (Price to Book) stands at 7.1. When we look at the Volatility of the company, Week Volatility is at 3.42% whereas Month Volatility is at 2.27%.”

Following up on the above report, the latter publication site had this to say by posting:

“The stock of Electronic Arts Inc. (NASDAQ:EA) is a huge mover today! The stock decreased 4.32% or $4.58 during the last trading session, reaching $101.44. About 3.10M shares traded or 1.30% up from the average. Electronic Arts Inc. (NASDAQ:EA) has risen 46.45% since December 4, 2016 and is uptrending. It has outperformed by 29.75% the S&P500. The move comes after 9 months negative chart setup for the $31.24 billion company. It was reported on Dec, 4 by Barchart.com. We have $98.40 PT which if reached, will make NASDAQ:EA worth $937.08M less.”

It is worth noting that among 25 different analysts covering EA (or NASDAQ:EA), 23 have a rating of Buy, two have a rating of Hold, while no one has a rating of Sell. Therefore the accumulated act translates into a 92% rating of positive.

As mentioned above in the introductory paragraph that EA has risen from nearly dipping into the two digit zone, which can be seen in the above graphs, the overall performance of the company can be read over thanks to The Ripon Advance:

“Electronic Arts Inc. (EA) stock price rose 32.92 percent over the past one year, while decreased -11.31 percent during the past 6 months. The stock plummeted -10.52 percent over the past month and rose 28.02 percent year-to-date. The stock’s quarterly performance represents pessimistic momentum of -14.7 percent.”

There’s no telling whether EA stock will drop again or if it will continue to rise back to where it was before. What is for certain is that concern has risen among performance observers over EA following the Star Wars Battlefront 2 scandal, and if something like this event could continue to have lasting effects on the company’s market performance.


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