Shares in Electronic Arts, Inc. (symbol ‘EA’) managed to recuperate its losses , which shot up to 13% in the first quarter, and is currently sitting on a small profit percentage of around 1%. The company is expected to report its earnings for the fiscal quarter ending March 2023 on Tuesday 9th of May, after market close. The consensus EPS is $0,89 compared to the result for the same quarter last year of $0.82.
‘ The latest reading of the financial image of the company shows the current ratio at 118% indicating that the company can withstand minor setbacks by having the ability to repay its short term liabilities with the current assets in possession. The balance sheet of the gaming giant is also strong with total assets outweighing the liabilities by 2:1 showing a financially healthy company and consists of an attractive addition to investors portfolio.‘’ said Antreas Themistokleous, an analyst at Exness.
On the technical side the price has been trading in an aggressive bullish rally for more than a month with a minor correction occurring in late April. Currently it is trading at a strong technical support area on the daily chart which consists of the 23.6% of the daily Fibonacci retracement level and the lower band of the Bollinger bands.
The Stochastic oscillator is in the extreme oversold area indicating a correction to the upside might be possible in the coming sessions while the 50 day moving average is on the move to cross above the 100 day moving average.
‘ The latest reading of the financial image of the company shows the current ratio at 118% indicating that the company can withstand minor setbacks by having the ability to repay its short term liabilities with the current assets in possession. The balance sheet of the gaming giant is also strong with total assets outweighing the liabilities by 2:1 showing a financially healthy company and consists of an attractive addition to investors portfolio.‘’ said Antreas Themistokleous, an analyst at Exness.
On the technical side the price has been trading in an aggressive bullish rally for more than a month with a minor correction occurring in late April. Currently it is trading at a strong technical support area on the daily chart which consists of the 23.6% of the daily Fibonacci retracement level and the lower band of the Bollinger bands.
The Stochastic oscillator is in the extreme oversold area indicating a correction to the upside might be possible in the coming sessions while the 50 day moving average is on the move to cross above the 100 day moving average.