Added to YB: 2024-09-23
Pitch date: 2024-09-20
AENT [bullish]
Alliance Entertainment Holding Corporation
+16.12%
current return
Author Info
Trickle Research is an independent microcap research firm. Visit the website.
Company Info
Alliance Entertainment Holding Corporation operates as a wholesaler, retailer, distributor, and e-commerce provider for the entertainment industry worldwide.
Market Cap
$141.2M
Pitch Price
$2.73
Price Target
5.25 (+66%)
Dividend
N/A
Sector
Distributors
Category
turnaround
Trickle Research - Alliance Entertainment Holding Corporation (AENT) Fiscal 2024 Earnings Update and Price Target Increase
AENT: FY24 rev $1.1B, EPS $0.09. Shifting to higher-margin segments. DTC sales up 5%. Expanding EBITDA margins to 4-5%. Acquisitions likely. Improving efficiencies, reducing costs. Strong balance sheet: inventory -34%, revolver -45%. Vinyl market growing. $5.25 PT, 24mo. Macro risks remain.
Read full article (5 min)