Alliance Entertainment (AENT)
Market Price (3/28/2026): $6.59 | Market Cap: $335.8 MilSector: Communication Services | Industry: Movies & Entertainment
Alliance Entertainment (AENT)
Market Price (3/28/2026): $6.59Market Cap: $335.8 MilSector: Communication ServicesIndustry: Movies & Entertainment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.4% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.6%, Rev Chg QQuarterly Revenue Change % is -6.3% |
| Megatrend and thematic driversMegatrends include E-commerce & DTC Adoption, Digital Content & Streaming, and E-commerce & Digital Retail. Themes include Supply Chain Digitization, Show more. | Key risksAENT key risks include [1] a going concern warning from its auditors due to significant indebtedness and covenant breaches and [2] identified material weaknesses in its internal control over financial reporting. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.4% |
| Megatrend and thematic driversMegatrends include E-commerce & DTC Adoption, Digital Content & Streaming, and E-commerce & Digital Retail. Themes include Supply Chain Digitization, Show more. |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -5.6%, Rev Chg QQuarterly Revenue Change % is -6.3% |
| Key risksAENT key risks include [1] a going concern warning from its auditors due to significant indebtedness and covenant breaches and [2] identified material weaknesses in its internal control over financial reporting. |
Qualitative Assessment
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Alliance Entertainment (AENT) stock has remained largely at the same level since 11/30/2025 because of the following key factors:
1. Robust Q1 FY2026 Financial Performance Bolstered Investor Confidence. Alliance Entertainment reported strong first-quarter fiscal year 2026 results on November 12, 2025, just prior to the specified period, which likely continued to influence investor sentiment positively. The company announced an 11% year-over-year increase in revenue to $254 million, a 259% surge in Adjusted EBITDA to $12.2 million, and a significant rise in net income to $4.9 million, or $0.10 per share, compared to $0.4 million in the prior year. This performance reflected strength in physical media and collectibles, with gross margin expanding by 340 basis points to 14.6%.
2. Exclusive Partnership with Amazon MGM Studios Expanded Distribution Reach. A significant company-specific development during the period was the announcement on January 12, 2026, that Alliance Entertainment had been named the exclusive physical media distribution partner for Amazon MGM Studios in North America. This strategic partnership is expected to drive growth and expand the company's market presence in physical media.
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1. Robust Q1 FY2026 Financial Performance Bolstered Investor Confidence. Alliance Entertainment reported strong first-quarter fiscal year 2026 results on November 12, 2025, just prior to the specified period, which likely continued to influence investor sentiment positively. The company announced an 11% year-over-year increase in revenue to $254 million, a 259% surge in Adjusted EBITDA to $12.2 million, and a significant rise in net income to $4.9 million, or $0.10 per share, compared to $0.4 million in the prior year. This performance reflected strength in physical media and collectibles, with gross margin expanding by 340 basis points to 14.6%.
2. Exclusive Partnership with Amazon MGM Studios Expanded Distribution Reach. A significant company-specific development during the period was the announcement on January 12, 2026, that Alliance Entertainment had been named the exclusive physical media distribution partner for Amazon MGM Studios in North America. This strategic partnership is expected to drive growth and expand the company's market presence in physical media.
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Stock Movement Drivers
Fundamental Drivers
The 0.4% change in AENT stock from 11/30/2025 to 3/27/2026 was primarily driven by a 14.5% change in the company's Net Income Margin (%).| (LTM values as of) | 11302025 | 3272026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.70 | 6.73 | 0.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,088 | 1,063 | -2.3% |
| Net Income Margin (%) | 1.8% | 2.1% | 14.5% |
| P/E Multiple | 17.5 | 15.7 | -10.2% |
| Shares Outstanding (Mil) | 51 | 51 | 0.0% |
| Cumulative Contribution | 0.4% |
Market Drivers
11/30/2025 to 3/27/2026| Return | Correlation | |
|---|---|---|
| AENT | 0.4% | |
| Market (SPY) | -5.3% | 23.9% |
| Sector (XLC) | -6.9% | 18.5% |
Fundamental Drivers
The 26.6% change in AENT stock from 8/31/2025 to 3/27/2026 was primarily driven by a 86.6% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 3272026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.32 | 6.73 | 26.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,073 | 1,063 | -0.9% |
| Net Income Margin (%) | 1.1% | 2.1% | 86.6% |
| P/E Multiple | 22.9 | 15.7 | -31.6% |
| Shares Outstanding (Mil) | 51 | 51 | 0.0% |
| Cumulative Contribution | 26.6% |
Market Drivers
8/31/2025 to 3/27/2026| Return | Correlation | |
|---|---|---|
| AENT | 26.6% | |
| Market (SPY) | 0.6% | 24.1% |
| Sector (XLC) | -3.3% | 17.9% |
Fundamental Drivers
The 61.8% change in AENT stock from 2/28/2025 to 3/27/2026 was primarily driven by a 233.9% change in the company's Net Income Margin (%).| (LTM values as of) | 2282025 | 3272026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.16 | 6.73 | 61.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,071 | 1,063 | -0.7% |
| Net Income Margin (%) | 0.6% | 2.1% | 233.9% |
| P/E Multiple | 32.1 | 15.7 | -51.2% |
| Shares Outstanding (Mil) | 51 | 51 | 0.0% |
| Cumulative Contribution | 61.8% |
Market Drivers
2/28/2025 to 3/27/2026| Return | Correlation | |
|---|---|---|
| AENT | 61.8% | |
| Market (SPY) | 9.8% | 23.0% |
| Sector (XLC) | 6.2% | 21.6% |
Fundamental Drivers
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Market Drivers
2/28/2023 to 3/27/2026| Return | Correlation | |
|---|---|---|
| AENT | 53.0% | |
| Market (SPY) | 69.4% | 13.9% |
| Sector (XLC) | 106.7% | 12.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| AENT Return | 0% | 4% | -91% | 876% | -11% | -16% | -30% |
| Peers Return | 55% | -6% | 17% | 15% | -12% | -1% | 70% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| AENT Win Rate | 40% | 83% | 33% | 75% | 50% | 33% | |
| Peers Win Rate | 58% | 42% | 48% | 48% | 56% | 58% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| AENT Max Drawdown | -2% | -0% | -93% | 0% | -75% | -43% | |
| Peers Max Drawdown | -3% | -38% | -27% | -26% | -38% | -9% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: HAS, MAT, FNKO, JAKK.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
| Event | AENT | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -92.9% | -25.4% |
| % Gain to Breakeven | 1310.7% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
Compare to HAS, MAT, FNKO, JAKK
In The Past
Alliance Entertainment's stock fell -92.9% during the 2022 Inflation Shock from a high on 1/17/2023. A -92.9% loss requires a 1310.7% gain to breakeven.
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About Alliance Entertainment (AENT)
Alliance Entertainment Holding Corporation operates as a wholesaler, distributor, and e-commerce provider for the entertainment industry worldwide. The company offers gaming products, vinyl records, digital video discs and blu-rays, compact discs, and consumer products and collectibles. It also provides third party logistics products and services. The company distributes its physical media, entertainment products, hardware, and accessories through multi-channel strategy. The company was founded in 1990 and is headquartered in Plantation, Florida.
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Here are 1-3 brief analogies to describe Alliance Entertainment (AENT):
The Ingram Micro for physical entertainment media and collectibles.
The Sysco for businesses selling physical entertainment products.
Like Amazon's Fulfillment by Amazon (FBA) service, but exclusively for physical entertainment media and collectibles, serving other retailers.
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```html- Gaming Products: Alliance Entertainment distributes and sells various gaming products through wholesale, distribution, and e-commerce channels.
- Vinyl Records: The company acts as a wholesaler, distributor, and e-commerce provider for vinyl records.
- Digital Video Discs and Blu-rays: Alliance Entertainment provides wholesale, distribution, and e-commerce services for digital video discs and Blu-ray media.
- Compact Discs: The company distributes and sells compact discs through its wholesale, distribution, and e-commerce platforms.
- Consumer Products and Collectibles: Alliance Entertainment offers a range of consumer products and collectibles via wholesale, distribution, and e-commerce.
- Third Party Logistics (3PL) Services: The company provides logistics products and services to other businesses.
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Alliance Entertainment (AENT) primarily sells to other companies (B2B), acting as a wholesaler and distributor of entertainment products. Its major customers are large retailers and e-commerce platforms that then sell these products to individual consumers. Here are some of its major customer companies:- Amazon (NASDAQ: AMZN)
- Walmart (NYSE: WMT)
- Target (NYSE: TGT)
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Jeffrey Walker, Chief Executive Officer and Director
Jeffrey Walker has served as Chief Executive Officer of Alliance Entertainment Holding Corporation since February 2023, and as a director since February 2023. He also held the role of Chief Financial Officer from February 2023 until July 2025. Mr. Walker previously led Legacy Alliance as CEO starting in 2013. He co-founded CD Listening Bar in 1990 and founded Super D, a music wholesaler, in 1995. In 2013, he teamed up with Bruce Ogilvie to merge Super D and Alliance Entertainment. Mr. Walker received E&Y's Distribution Entrepreneur of the Year award in 2015.
Amanda Gnecco, Chief Financial Officer and Chief Accounting Officer
Amanda Gnecco was promoted to Chief Financial Officer of Alliance Entertainment Holding Corporation on July 21, 2025, and continues to serve as Chief Accounting Officer. She joined Alliance Entertainment in August 2018, initially as Senior Vice President, Accounting & Finance, and later as Chief Accounting Officer in May 2024. Ms. Gnecco played a significant role in the company's transition from private to public status. Prior to her tenure at Alliance Entertainment, she held senior financial positions at Envision Healthcare and Pet Supermarket.
Bruce Ogilvie, Executive Chairman
Bruce Ogilvie serves as the Executive Chairman of Alliance Entertainment Holding Corporation. In 1996, he was tasked by a bank group to turn around Wherehouse Records, a 600-store chain, leading it out of bankruptcy within nine months before its sale to Cerberus Capital, a private equity firm. Following this, Mr. Ogilvie acquired a one-third interest in Super D in 2001, where he served as CEO alongside founders Jeff Walker and David Hurwitz. He assumed the role of Chairman in 2013 after the merger of Super D and Alliance Entertainment.
Warwick Goldby, Chief Operating Officer
Warwick Goldby is the Chief Operating Officer of Alliance Entertainment Holding Corporation. He joined the company in November 2016 following the acquisition of ANConnect (Anderson Merchandisers). Mr. Goldby initially worked as a Project Manager on the Information Technology team and was later promoted to Director of Operations in March 2017.
Robert Black, Chief Compliance Officer
Robert Black holds the position of Chief Compliance Officer at Alliance Entertainment Holding Corporation.
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Key Risks to Alliance Entertainment (AENT)
- Decline of Physical Media and Shift to Digital: Alliance Entertainment operates significantly within the physical media sector, distributing items such as digital video discs, Blu-rays, compact discs, and physical video games. The ongoing market trend of consumers shifting towards digital streaming, downloads, and subscription services poses a fundamental risk to the demand and sales of these physical products, leading to revenue decline in this core segment of their business.
- Thin Operating Margins and Financial Leverage: The company has historically faced razor-thin EBITDA margins, which leaves limited room for unforeseen operational challenges or market shifts. While efforts are being made to improve efficiency, high debt levels in a low-margin business could create financial vulnerability, including risks related to meeting revolving credit facility covenants and the ability to secure future financing.
- Supply Chain Disruptions and Macroeconomic Headwinds: As a global wholesaler and distributor, Alliance Entertainment is highly susceptible to disruptions across its supply chain, which can lead to increased costs, inventory issues, and delays. Additionally, general macroeconomic conditions, such as cautious consumer spending and tariffs, directly impact demand for entertainment products and collectibles, affecting the company's financial performance.
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- Accelerated shift to digital-only content distribution: Major entertainment content producers (film studios, record labels, and game developers) are increasingly prioritizing digital-only releases, exclusive content on proprietary streaming platforms, and the expansion of cloud-based gaming services. This strategic shift significantly reduces the market demand for, and ultimately the supply of, physical media such as digital video discs, blu-rays, compact discs, and physical game products, directly threatening Alliance Entertainment's core business as a wholesaler and distributor of these products.
- Rise of Direct-to-Consumer (DTC) sales models: Manufacturers of consumer products and collectibles, which form a part of Alliance Entertainment's product offerings, are increasingly developing their own e-commerce platforms and logistics capabilities to sell directly to end-consumers. This growing trend bypasses traditional wholesalers and distributors, thereby diminishing the role and demand for third-party distribution services like those offered by Alliance Entertainment.
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Addressable Markets for Alliance Entertainment (AENT) Products and Services
Alliance Entertainment Holding Corporation (AENT) operates across several segments of the entertainment industry. The addressable markets for its main products and services on a global scale are substantial:
- Gaming Products: The global video game market size was estimated at USD 298.98 billion in 2024 and is projected to reach USD 600.74 billion by 2030, growing at a compound annual growth rate (CAGR) of 12.2% from 2025 to 2030. Another estimate places the global games market at USD 187.7 billion in 2024. The global video game market size was also valued at USD 239.92 billion in 2025 and is projected to reach USD 415.78 billion by 2034.
- Vinyl Records: The global vinyl record market size reached USD 1.9 billion in 2024 and is expected to reach USD 3.5 billion by 2033, with a CAGR of 6.8% from 2025 to 2033. Other reports indicate the global vinyl record market size was USD 1.99 billion in 2025 and is projected to reach USD 5.84 billion by 2035, growing at a CAGR of 11.38% from 2026 to 2035. The global vinyl record market was also valued at USD 2.1 billion in 2025 and is expected to reach USD 3.6 billion by 2034.
- Digital Video Discs and Blu-rays (Physical Home Video): The global traditional TV & home video market size, which includes physical home video, was valued at USD 421.2 billion in 2021 and is expected to expand at a CAGR of 2.1% from 2022 to 2028, reaching USD 485.8 billion by 2028. The video device segment, encompassing Blu-ray and DVD players, was valued at USD 154.80 billion in 2019 within the global home entertainment market.
- Compact Discs: The global Compact Disc (CD) market size is projected to reach USD 470.26 million in 2025. Another source indicates the global compact disc market size was approximately USD 1.5 billion in 2023 and is projected to reach around USD 2.1 billion by 2032. The market size for compact discs is projected at USD 1.5 billion in 2025.
- Consumer Products and Collectibles: The global collectibles market size was estimated at USD 320.30 billion in 2025 and is projected to reach USD 535.50 billion by 2033, growing at a CAGR of 6.9% from 2026 to 2033. Another report indicates the global collectibles market size was accounted for USD 304.55 billion in 2024 and is predicted to increase from USD 321.45 billion in 2025 to approximately USD 522.69 billion by 2034. More specifically, the global animation collectibles market size was valued at USD 15.5 billion in 2024 and is expected to reach USD 23.34 billion by 2032. The global collectible trading cards market is projected to reach USD 1,749.30 million in 2025.
- Third-Party Logistics (3PL): The global third-party logistics market size was estimated at USD 1,260.98 billion in 2025 and is projected to reach USD 2,502.22 billion by 2033, growing at a CAGR of 9.1% from 2026 to 2033. Other estimates place the global 3PL market size at USD 1.6 trillion in 2025, expected to grow to USD 4.3 trillion in 2035. Another source reports the global third-party logistics market size was USD 1,201.4 billion in 2024 and is estimated to reach USD 2,218.3 billion by 2033. The market size was USD 1238.74 billion in 2025 and is projected to reach USD 2852.54 billion by 2034.
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Alliance Entertainment (AENT) is strategically positioned to drive future revenue growth over the next two to three years through several key initiatives:
- Expansion in Physical Media (Premium and Collectible Formats): Alliance Entertainment is actively repositioning physical media, such as movies and music, as a collectible category rather than a legacy business. This strategy focuses on high-demand premium formats like 4K Ultra HD and collectible steelbook editions, which continue to show strong consumer interest. The company has observed significant year-over-year increases in physical movie and vinyl sales, with K-pop also identified as a particularly strong growth driver.
- Strategic Exclusive Content Partnerships: A core driver of future revenue is the company's ability to secure and expand exclusive distribution agreements with major studios and labels. Recent examples include exclusive partnerships with Paramount Pictures and an agreement with Amazon MGM Studios, both effective in early fiscal years. These exclusive deals are crucial for generating higher-quality, more predictable revenue streams and enhancing visibility with key retail partners.
- Growth in the Collectibles Market, including Owned Brands and Retro Gaming: Alliance Entertainment is expanding its presence in the high-growth collectibles market. This includes areas such as licensed merchandise, pop culture figures (e.g., through the acquisition of Handmade by Robots in December 2024), and retro gaming. The company became the exclusive North American distributor for Arcade1UP, a significant player in the retro gaming space, which has already contributed meaningfully to revenue growth.
- Expansion of the Direct-to-Consumer (DTC) and Consumer Direct Fulfillment (CDF) Model: The CDF model is a crucial growth and margin driver. It enables Alliance Entertainment's retail partners to offer a significantly expanded online assortment of products without the need to hold physical inventory. Alliance then fulfills these orders directly to the end consumer. This capital-light channel is scalable, allows the company to expand its SKU count, serves long-tail consumer demand, and has shown consistent growth, accounting for a notable portion of gross revenue.
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Alliance Entertainment (AENT) has made the following capital allocation decisions over the last 3-5 years:Share Issuance
- Alliance Entertainment Holding Corporation completed a Follow-on Equity Offering of $4.005 million.
- The number of issued and outstanding common shares increased significantly from 11,500,000 Class A shares and 2,875,000 Class B shares as of March 25, 2022, to 50,957,370 shares as of December 31, 2024, and June 30, 2024.
Outbound Investments
- In December 2024, Alliance Entertainment expanded its retail distribution by acquiring Handmade by Robots.
- The company completed the acquisition of Endstate, forming Endstate Authentic LLC, effective December 31, 2025.
Capital Expenditures
- Capital expenditures were reported as approximately $52,000 for the three months ended March 31, 2025, and $186,000 for the same period in 2024.
- The company operates with a "capital-light" model, which supports margin expansion and free cash flow.
- The primary focus of capital expenditures has been on automation initiatives and the consolidation of warehouse operations to enhance operational efficiency.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Alliance Entertainment Earnings Notes | 12/16/2025 | |
| Alliance Entertainment Stock Jump Looks Great, But How Secure Is That Gain? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to AENT.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02132026 | YELP | Yelp | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 6.2% | 6.2% | -5.7% |
| 02132026 | TRIP | Tripadvisor | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 5.2% | 5.2% | 0.0% |
| 02132026 | MAT | Mattel | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 2.9% | 2.9% | 0.0% |
| 02062026 | OMC | Omnicom | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 22.1% | 22.1% | -3.7% |
| 02062026 | MGNI | Magnite | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 20.6% | 20.6% | -0.8% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 14.30 |
| Mkt Cap | 0.3 |
| Rev LTM | 1,063 |
| Op Inc LTM | 42 |
| FCF LTM | -1 |
| FCF 3Y Avg | 37 |
| CFO LTM | 8 |
| CFO 3Y Avg | 50 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -0.7% |
| Rev Chg 3Y Avg | -6.1% |
| Rev Chg Q | -2.8% |
| QoQ Delta Rev Chg LTM | -0.6% |
| Op Mgn LTM | 4.0% |
| Op Mgn 3Y Avg | 5.5% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 1.5% |
| CFO/Rev 3Y Avg | 5.5% |
| FCF/Rev LTM | -0.1% |
| FCF/Rev 3Y Avg | 4.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.3 |
| P/S | 0.4 |
| P/EBIT | 8.5 |
| P/E | 11.0 |
| P/CFO | 7.4 |
| Total Yield | 6.4% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 8.1% |
| D/E | 0.3 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -11.2% |
| 3M Rtn | -12.9% |
| 6M Rtn | 0.0% |
| 12M Rtn | -18.7% |
| 3Y Rtn | 43.5% |
| 1M Excs Rtn | -3.9% |
| 3M Excs Rtn | 0.3% |
| 6M Excs Rtn | 7.1% |
| 12M Excs Rtn | -30.3% |
| 3Y Excs Rtn | -17.0% |
Price Behavior
Price Behavior
| Market Price | $6.73 | |
| Market Cap ($ Bil) | 0.3 | |
| First Trading Date | 03/24/2021 | |
| Distance from 52W High | -20.2% | |
| 50 Days | 200 Days | |
| DMA Price | $6.60 | $6.22 |
| DMA Trend | up | down |
| Distance from DMA | 1.9% | 8.2% |
| 3M | 1YR | |
| Volatility | 83.0% | 93.0% |
| Downside Capture | 0.49 | 0.57 |
| Upside Capture | 21.11 | 122.52 |
| Correlation (SPY) | 22.4% | 21.0% |
AENT Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 4.06 | 2.39 | 2.32 | 1.86 | 1.17 | 1.01 |
| Up Beta | 11.30 | 7.14 | 6.34 | 2.53 | 0.96 | 0.94 |
| Down Beta | 6.43 | 2.38 | 3.58 | 2.05 | 1.68 | 1.46 |
| Up Capture | -90% | -89% | -7% | 158% | 115% | 51% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 10 | 17 | 28 | 58 | 119 | 319 |
| Down Capture | 313% | 266% | 131% | 153% | 96% | 96% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 11 | 23 | 31 | 63 | 127 | 374 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AENT | |
|---|---|---|---|---|
| AENT | 32.1% | 89.0% | 0.71 | - |
| Sector ETF (XLC) | 9.1% | 18.3% | 0.33 | 20.6% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | 23.2% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | -2.7% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | 9.9% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | 3.7% |
| Bitcoin (BTCUSD) | -21.0% | 44.0% | -0.41 | 17.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AENT | |
|---|---|---|---|---|
| AENT | -0.7% | 94.3% | 0.44 | - |
| Sector ETF (XLC) | 8.1% | 20.7% | 0.31 | 8.0% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 10.2% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | 0.7% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | 4.1% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | 1.9% |
| Bitcoin (BTCUSD) | 4.7% | 56.6% | 0.30 | 6.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AENT | |
|---|---|---|---|---|
| AENT | -0.3% | 94.3% | 0.44 | - |
| Sector ETF (XLC) | 8.7% | 22.4% | 0.47 | 8.0% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 10.2% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | 0.7% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 4.1% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 1.9% |
| Bitcoin (BTCUSD) | 66.9% | 66.8% | 1.06 | 6.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 9/10/2025 | -15.1% | -2.4% | -4.6% |
| 2/13/2025 | -19.1% | -19.3% | -31.5% |
| 9/20/2024 | 1.1% | 0.0% | 37.4% |
| 4/12/2023 | 0.0% | -14.3% | 0.0% |
| SUMMARY STATS | |||
| # Positive | 2 | 1 | 2 |
| # Negative | 2 | 3 | 2 |
| Median Positive | 0.5% | 0.0% | 18.7% |
| Median Negative | -17.1% | -14.3% | -18.0% |
| Max Positive | 1.1% | 0.0% | 37.4% |
| Max Negative | -19.1% | -19.3% | -31.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/12/2026 | 10-Q |
| 09/30/2025 | 11/12/2025 | 10-Q |
| 06/30/2025 | 09/10/2025 | 10-K |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 02/13/2025 | 10-Q |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 09/20/2024 | 10-K |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/08/2024 | 10-Q |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 10/19/2023 | 10-K |
| 03/31/2023 | 05/22/2023 | 10-Q |
| 12/31/2022 | 05/01/2023 | S-1/A |
| 06/30/2022 | 06/30/2023 | 424B4 |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Black, Robert R | Chief Compliance Officer | Direct | Buy | 9092025 | 5.00 | 2,000 | 10,000 | 60,000 | Form |
| 2 | Black, Robert R | Chief Compliance Officer | Direct | Buy | 9092025 | 3.65 | 500 | 1,825 | 45,625 | Form |
| 3 | Black, Robert R | Chief Compliance Officer | Direct | Buy | 9092025 | 2.80 | 2,500 | 7,000 | 42,000 | Form |
| 4 | Black, Robert R | Chief Compliance Officer | Direct | Buy | 9092025 | 2.67 | 2,500 | 6,675 | 46,725 | Form |
| 5 | Black, Robert R | Chief Compliance Officer | Direct | Buy | 9092025 | 2.70 | 1,000 | 2,700 | 49,950 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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