Is Allied Esports Entertainment Inc (AESE) a Stock to Watch After Gaining 5.04% This Week?

Thursday, November 03, 2022 01:05 PM | InvestorsObserver Analysts

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Is Allied Esports Entertainment Inc (AESE) a Stock to Watch After Gaining 5.04% This Week?

Allied Esports Entertainment Inc (AESE) stock has risen 5.04% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Allied Esports Entertainment Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on AESE!

See Full AESE Report

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With AESE Stock Today?

Allied Esports Entertainment Inc (AESE) stock has gained 7.76% while the S&P 500 has fallen -0.26% as of 1:05 PM on Thursday, Nov 3. AESE has gained $0.09 from the previous closing price of $1.16 on volume of 94,876 shares. Over the past year the S&P 500 has fallen -19.02% while AESE has fallen -33.16%. AESE earned $1.58 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 0.79. To screen for more stocks like Allied Esports Entertainment Inc click here.

More About Allied Esports Entertainment Inc

Allied Esports Entertainment Inc. operates as an esports entertainment venture worldwide. It provides transformative live experiences, multiplatform content, and interactive services to audiences. The company offers esports properties and content production facilities services under the Allied Esports brand name; and televised gaming and entertainment services under the World Poker Tour (WPT) brand name. Click Here to get the full Stock Report for Allied Esports Entertainment Inc stock.