Entain (LON:ENT) Stock Price Down 10% – What’s Next?

Shares of Entain Plc (LON:ENT) fell 10% on Tuesday . The company traded as low as GBX 653.80 ($8.14) and last traded at GBX 668.20 ($8.32). 79,282,914 shares traded hands during trading, an increase of 1,581% from the average session volume of 4,715,889 shares. The stock had previously closed at GBX 742.20 ($9.24).

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ENT. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,140 ($14.19) price objective on shares of Entain in a research report on Monday, December 16th. Berenberg Bank cut their price objective on shares of Entain from GBX 1,030 ($12.82) to GBX 1,010 ($12.57) and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Entain has a consensus rating of “Moderate Buy” and an average target price of GBX 1,079.67 ($13.44).

Entain Stock Performance

The company has a quick ratio of 0.74, a current ratio of 0.67 and a debt-to-equity ratio of 154.96. The business has a 50 day simple moving average of GBX 710.72 and a two-hundred day simple moving average of GBX 701.23. The firm has a market cap of £4.57 billion, a PE ratio of -1,116.25, a price-to-earnings-growth ratio of 0.92 and a beta of 1.19.

Insiders Place Their Bets

In other Entain news, insider Ricky Sandler sold 4,334,882 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of GBX 806 ($10.03), for a total value of £34,939,148.92 ($43,489,107.44). 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.