This is why Alliance Entertainment Holding Corporation (AENT) Stock is one of the options for the Longer run

Alliance Entertainment Holding Corporation [AENT] stock prices are up 33.82% to $2.73 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The AENT shares have gain 45.99% over the last week, with a monthly amount glided 89.58%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

The stock price of Alliance Entertainment Holding Corporation [AENT] has been fluctuating between $0.65 and $3.99 over the past year. Alliance Entertainment Holding Corporation [NASDAQ: AENT] shares were valued at $2.73 at the most recent close of the market.

Analyzing the AENT fundamentals

The Alliance Entertainment Holding Corporation [NASDAQ:AENT] reported sales of 1.10B for trailing twelve months, representing a drop of -4.13%. Gross Profit Margin for this corporation currently stands at 0.12% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.05 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.35.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.28 points at the first support level, and at 1.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.32, and for the 2nd resistance point, it is at 3.90.

Ratios To Look Out For

It’s worth pointing out that Alliance Entertainment Holding Corporation [NASDAQ:AENT]’s Current Ratio is 1.33. On the other hand, the Quick Ratio is 0.67, and the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 0.13, the price to book ratio is 1.59 and price to earnings (TTM) ratio is 30.54.

Transactions by insiders

Recent insider trading involved Ogilvie Bruce A Jr, Executive Chairman, that happened on May 30 ’24 when 1900.0 shares were purchased. Director, Wielenga Terilea J completed a deal on May 15 ’24 to buy 5000.0 shares. Meanwhile, Director Wielenga Terilea J bought 3000.0 shares on May 14 ’24.

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