EA Stock Summary and Trading Ideas (Electronic Arts | NASDAQ:EA)

EA is one of the world's largest third-party video game publishers and has transitioned from a console-based video game publisher to the one of the largest publishers on consoles, PC, and mobile. The firm owns number of large franchises, including Madden, EA Sports FC (formerly FIFA), Battlefield, Apex Legends, Mass Effect, Dragon's Age, and Need for Speed.

Electronic Arts trades on the NASDAQ stock market under the symbol EA.

As of April 19, 2024, EA stock price climbed to $127.27 with 1,697,209 million shares trading.

EA has a beta of 0.99, meaning it tends to be less sensitive to market movements. EA has a correlation of 0.36 to the broad based SPY ETF.

EA has a market cap of $34.03 billion. This is considered a Large Cap stock.

Last quarter Electronic Arts reported $2 billion in Revenue and $2.96 earnings per share. This fell short of revenue expectation by $-34 million and exceeded earnings estimates by $.02.

In the last 3 years, EA stock traded as high as $148.93 and as low as $108.53.

The top ETF exchange traded funds that EA belongs to (by Net Assets): VTI, VOO, VO, XLC, QQQ.

EA has underperformed the market in the last year with a return of -0.1%, while the SPY ETF gained +21.2%. In the last 3 month period, EA fell short of the market, returning -7.4%, while SPY returned +3.0%. However, in the most recent 2 weeks EA has outperformed the stock market by returning -2.3%, while SPY returned -4.5%.

EA support price is $124.39 and resistance is $126.87 (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 EA stock will trade within this expected range on the day.