$EA – Electronic Arts Inc, last closed at 69.79 – Bullish (Medium term)
Electronic Arts Inc is a game software content and services provider. The Company develops, markets, publishes and distributes game software content for consumers of various video game machines and electronic devices. It also provides game software-related services. The Company’s brands include Battlefield, Mass Effect, Need for Speed, Dragon Age, The Sims, Bejewelled and Plants v/s. Zombies, as well as brands based on licensed intellectual property such as FIFA, Madden NFL and Star Wars.
The stock has a market cap of $21.69 billion and a price-to-earnings ratio of 27.61. The company has a 50-day moving average of $67.65 and a 200 day moving average of $69.67. Electronic Arts has a one-year low of $53.55 and a one-year high of $76.92.
EA reported its Quarterly Earnings on Thursday for Q4, with EPS at $1.73, and revenue of $1.07 Billion beating the wall street consensus. Revenues have fallen by 5% from this quarter last year, when EA saw revenues of $1.12 billion. EA was down 11% yesterday post the announcement.
It is expected to plunge lower today, creating a resistance at $58 and surge towards a consensus target of ~ $80. Despite a whole bunch of analysts giving the “Buy” Rating for the stock, the sentiment index remains low, indicating a fall in the prices today.