A major move is in the offing as Electronic Arts, Inc. (EA) market cap hits 35.33 billion

Electronic Arts, Inc. (NASDAQ: EA) on Tuesday, plunged -0.89% from the previous trading day, before settling in for the closing price of $133.34. Within the past 52 weeks, EA’s price has moved between $117.47 and $144.53.

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Communication Services Sector giant saw their annual sales surged by 10.38% over the last five years. The company achieved an average annual earnings per share of 12.32%. With a float of $241.78 million, this company’s outstanding shares have now reached $272.91 million.

The firm has a total of 13400 workers. Let’s measure their productivity.

Electronic Arts, Inc. (EA) Insider Activity

Observing investor behavior towards Electronic Gaming & Multimedia industry stocks is more important than anything else. The insider ownership of Electronic Arts, Inc. is 9.56%, while institutional ownership is 83.76%. The most recent insider transaction that took place on Apr 01 ’24, was worth 265,640. In this transaction Chief Operating Officer of this company sold 2,000 shares at a rate of $132.82, taking the stock ownership to the 34,772 shares. Before that another transaction happened on Apr 01 ’24, when Company’s Chief People Officer sold 800 for $132.82, making the entire transaction worth $106,256. This insider now owns 27,083 shares in total.

Electronic Arts, Inc. (EA) Earnings and Forecasts

As on 12/30/2023, Multinational firm has announced its last quarter scores, in which it reported $2.96 earnings per share (EPS) for the period topping the consensus outlook (set at $2.93) by $0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.84 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 12.32% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.70% during the next five years compared to -2.89% drop over the previous five years of trading.

Electronic Arts, Inc. (NASDAQ: EA) Trading Performance Indicators

Electronic Arts, Inc. (EA) is currently performing well based on its current performance indicators. A quick ratio of 1.33 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.67. Likewise, its price to free cash flow for the trailing twelve months is 16.38.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.96, a number that is poised to hit 1.54 in the next quarter and is forecasted to reach 7.61 in one year’s time.

Technical Analysis of Electronic Arts, Inc. (EA)

Analysing the last 5-days average volume posted by the [Electronic Arts, Inc., EA], we can find that recorded value of 1.97 million was lower than the volume posted last year of 2.07 million. As of the previous 9 days, the stock’s Stochastic %D was 66.16%. Additionally, its Average True Range was 2.13.

During the past 100 days, Electronic Arts, Inc.’s (EA) raw stochastic average was set at 18.28%, which indicates a significant decrease from 31.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 11.63% in the past 14 days, which was lower than the 14.10% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $137.16, while its 200-day Moving Average is $131.51. Now, the first resistance to watch is $133.15. This is followed by the second major resistance level at $134.16. The third major resistance level sits at $134.90. If the price goes on to break the first support level at $131.40, it is likely to go to the next support level at $130.66. Should the price break the second support level, the third support level stands at $129.65.

Electronic Arts, Inc. (NASDAQ: EA) Key Stats

Market capitalization of the company is 35.33 billion based on 267,350K outstanding shares. Right now, sales total 7,426 M and income totals 802,000 K. The company made 1,945 M in profit during its latest quarter, and 290,000 K in sales during its previous quarter.