Top Loser: Eros International Plc (NYSE:EROS) Announces Collaboration with Microsoft

Eros International Plc (NYSE:EROS):

Checking on recent price levels compared to prior highs and lows, we have seen that Eros International Plc (EROS) recently traded -23.72% away from the 50-day high and moved 162.28% from the 50-day low. Taking a wider observation, the current separation from the one year high is -76.82%, and the distance from the one year low is presently 162.28%.Eros International Plc (EROS) stock has been separated -52.68% away from the 200-day MA. Tracking current stock price levels in relation to some other popular moving averages, we have noted that the stock is trading 77.07% away from the 50-day MA and 52.05% off of the 20-day MA.

Eros International plc: Eros Now Announces Collaboration with Microsoft to Develop Next Generation Online Video Platform

DOUGLAS, Isle of Man–(BUSINESS WIRE)–Sep. 19, 2019– Eros Now, a South Asian entertainment OTT (over-the-top) video platform by Eros International Plc, a Global Indian Entertainment Company, the ultimate one-stop destination for the internet generation to consume captivating content, today announced a collaboration with Microsoft to build a next generation online video platform on Microsoft Azure targeted at its consumers across the globe. This is a unique association for Microsoft in India in the online video space. Building on its history of innovation, Eros Now will leverage Microsoft Azure for three areas of technology development:

Intuitive Online Video Platform: Using Microsoft Azure and Azure Media Services, Eros will develop a new, intuitive online video platform. The new platform will provide seamless delivery of content for its consumers across geographies and languages, supported by a robust infrastructure including Azure Content Delivery Network (CDN).

Interactive Voice Offerings: Eros will work to create new interactive voice offerings for consumers, powered by Azure AI tools, including OTT app video search experiences and voice search for video content across 10 Indian languages.

Personalized Recommendation Engine: To increase consumer satisfaction and loyalty, Eros will create an engine to deliver personalized content recommendations for consumers by leveraging its own user data, combined with Azure AI, analytics, Cloud Data Warehousing solutions and Azure Media Services

Commenting on the announcement, Rishika Lulla Singh, CEO- Eros Digital, said, ‘The Online Video market has brought a paradigm shift in the way technology is used and will be used to enhance the customer journey and user experience. We at Eros Now have been the earliest movers in the adoption of technology which is a core strength of the brand. The objective and the goal of this collaboration is to ensure we become the primary innovators for the video business and a gold standard for the others to follow. We have immense respect for Microsoft as a company to help us innovate and pave the path for the next generation of online video.’ Peggy Johnson, Executive Vice President, Microsoft, Corp. said, ‘As an innovator in on-demand video, Eros Now has been transforming the way millions of people access and consume content. By using our combined expertise across technology and media, we have an opportunity to build on that foundation and re-imagine entertainment for the rapidly growing audience of digitally-connected consumers in India.’ ‘India is one of the fastest-growing digital entertainment and media markets worldwide, driven by the growth in online video content. AI and intelligent cloud tools will be the next drivers of the media business and will impact everything from content creation to consumer experience. We are very excited to work with Eros Now to redefine the online video watching experience for consumers,’ said Anant Maheshwari, President, Microsoft India. Eros’ work with Microsoft will help it transform not only how it delivers streaming services to its consumers but also to reimagine the offerings it can provide. This news today is a step forward in the age of digital transformation to enhance the online video streaming experience and better serve its users globally. About Eros International Plc Eros International Plc (NYSE: EROS) a Global Indian Entertainment company that acquires, co-produces and distributes Indian films across all available formats such as cinema, television and digital new media. Eros International Plc became the first Indian media company to list on the New York Stock Exchange. Eros International has experience of over three decades in establishing a global platform for Indian cinema. The Company has an extensive and growing movie library comprising of over 3,000 films, which include Hindi, Tamil, and other regional language films for home entertainment distribution. The Company also owns the rapidly growing OTT platform Eros Now. For further information, please visit: About Eros Now Eros Now is Eros International Plc’s On-Demand South Asian Entertainment Video Service accessible worldwide to viewers across internet enabled devices including mobile, web and TV. With 12,000 plus Movie titles, Music Videos, Television Programming and others Eros Now caters to more than 154.7 million registered users and 18.8 million paying subscribers worldwide with the promise of endless entertainment Product features, such as video in HD, multi-language subtitles, movie downloads, and high-quality original drama series differentiate the Eros Now entertainment offering. To see, watch now: View source version on Source: Eros International Plc

 Share of Eros International Plc (EROS) have caught the attention of the Wall Street community. The stock price is settled at $2.99 after trading hours. Taking a look at the daily price change trend and size of price movement it is recorded that EROS spotted a negative behavior with drift of -14.81%.

 Every trading day indicate diverse behavior and trends about Eros International Plc (EROS) stock. Now we observed the different factors that seen on close of Friday session. At the end of the day, it’s only a stock’s performance that matters. Active investor focuses on important indicators those changes daily in trading session that includes where the Eros International Plc stock price change moved UP, DOWN or UNCHNAGE? What is market trading price of stock? How much shares are traded? What is market worth of stock? What technical say? How much stock is volatile?

 In addition to price, analysts use volume trends to predict future performance. The level of trading activity in a stock is often a good proxy for the level of interest and enthusiasm for the name within the investment community. Eros International Plc (EROS) negotiated the trading capacity of 20534532 shares and observing the average volume of last three months the stock traded 3868.12K shares. The Stock has market cap of $208.19M and relative volume of 5.31.

 Eros International Plc (EROS) stock gained attention from Active Investors. Active investors purchase investments and continuously monitor their activity in order to exploit profitable conditions. Active investing is highly involved. Unlike passive investors, who invest in a stock when they believe in its potential for long-term appreciation, active investors will typically look at the price movements of their stocks many times a day.  Typically, active investors are seeking short-term profits. Active investing is an investment strategy involving ongoing buying and selling actions by the investor typically for no more than one day.

 The stock dispatched 25.63% performance during the quarter and performance arrived at -70.86% over the last six months. In the last month, the price performed 121.48%.  Shares are now at -75.69% over the past year and year to date performance pointed at -63.93%. Contracting the focus on performance, delivered a move of 22.04% over the last week.

 The stock has a beta of -0.02 compared to a beta of 1 for the market, which implies that the stock’s price movements are less extreme than the market as a whole. The stock therefore has below average level of market risk. During the past week, the stock’s average weekly volatility was 20.18% and 14.45% volatility over the past 30 days.

 Wall Street Analysts suggested rating of 2. This rating is on a scale of 1 to 5. A rating of a 1 or a 2 would signify a mean Buy view. A rating of 4 or 5 would specify a mean Sell opinion. A rating of 3 would show a mean Hold recommendation.  Captivating a peek at sell-side analyst insights, we can understand that the recent mean target price for the company is $6.75.

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