The performance of AESE so far this year rests at 58.23%. Charts for the past week and month show a gain of 17.92% and 22.55% respectively for the stock’s price.
Allied Esports Entertainment, Inc. (NASDAQ: AESE) offers audiences worldwide a transformative live experience with multiplatform content and interactive services thanks to its strategic merging of two powerful entertainment brands: Allied Esports International, Inc. (Allied Esports) and the World Poker Tour (WPT).
Most recent Developments
AJanuary 19, 2021, Allied Esports Entertainment, Inc. has disclosed a definitive agreement with Element Gaming under which the latter will acquire the Company’s poker-related assets, including the World Poker Tour entities.
In accordance with the contract, World Poker Tour will be acquired by Element for a total of $78,250,000, comprised of a $68,250,000 upfront payment and a fully guaranteed 5 % revenue share of tournament entry fees on Element’s gaming platforms, reached a maximum of $10 million.
January 13, 2021, Allied Esports a subsidiary of Allied Esports Entertainment, Inc. (NASDAQ: AESE) and HyperX made the news by renewing their exclusive name-rights agreement on their global flagship property, HyperX Esports Arena Las Vegas, located at the Luxor Hotel & Casino.
December 17, 2020, Allied Esports, a subsidiary of Allied Esports Entertainment Inc., has partnered with Trovo to hold three $10,000 mobile esports tournaments featuring popular Battle Royale games– Fortnite, PLAYERUNKNOWN’S BATTLEGROUNDS (PUBG) Mobile and Call of Duty Mobile – starting December 20, 2020.
Finally,
Based on Wall Street broker comments on the expected price targets for this stock, we can see that 1 analyst have offered their price targets for AESE. The consensus price objective is $3.00. In the event that the share price goes down, analysts have set the share’s price value at $2.50, the high and a low, respectively. In addition, analysts believe Allied Esports Entertainment Inc.’s stock will trade at a discount of 1.50 in the next 12 months.
