AENT Stock Summary and Trading Ideas (Alliance Entertainment Holding | NASDAQ:AENT)

Alliance Entertainment Holding Corp is a top-tier distributor of music, movies, and consumer electronics. It offers products consisting of vinyl records, compact discs, DVDs, Blu-rays, and video games. The company serves customers of every size, providing a suite of services to resellers and retailers around the world.

Alliance Entertainment Holding trades on the NASDAQ stock market under the symbol AENT.

As of January 3, 2025, AENT stock price climbed to $9.69 with 108,321 million shares trading.

AENT has a beta of 1.67, meaning it tends to be more sensitive to market movements. AENT has a correlation of 0.04 to the broad based SPY ETF.

AENT has a market cap of $493.52 million. This is considered a Small Cap stock.

The top ETF exchange traded funds that AENT belongs to (by Net Assets): BSVO.

AENT has outperformed the market in the last year with a price return of +920.3% while the SPY ETF gained +27.8%. AENT has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +274.1% and +45.1%, respectively, while the SPY returned +4.6% and +0.1%, respectively.

AENT support price is $7.98 and resistance is $9.64 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AENT shares will trade within this expected range on the day.