Entain plc ( (GB:ENT) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Entain plc’s stock price is on the rise due to the company’s optimistic financial outlook for FY24, as it expects its Group EBITDA to reach the higher end of the projected range between £1,040m and £1,090m. This positive forecast comes despite BetMGM, their joint venture, projecting a negative EBITDA of about -$250m for the same period. These financial projections underscore Entain’s robust market position and strategic resilience, which may boost investor confidence.
More about Entain plc
YTD Price Performance: -9.17%
Average Trading Volume: 1,919,690
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £3.99B
For further insights into ENT stock on TipRanks’ Stock Analysis page.
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