Esports Entertainment Group Inc. (NASDAQ:GMBL) does about 5.74M shares in volume on a normal day but saw 10429360 shares change hands in Monday trading. The company now has a market cap of 5.81M USD. Its current market price is $0.08, marking an increase of 3.70% compared to the previous close of $0.08. The 52 week high reached by this stock is $3.70 whilst the lowest price level in 52 weeks is $0.07. The script in recent trading has seen the stock touch a high of $0.085 and a low of $0.076.
Esports Entertainment Group Inc. (GMBL) has a 20-day trading average at $0.0797 and the current price is -97.73% off the 52-week high compared with 25.94% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.0973 and its 200-day simple moving average is $0.3158. If we look at the stock’s price movements over the week, volatility stands at 14.86%, which decreases to 13.13% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 48.40 to suggest the stock is neutral.
2 analysts observing the Esports Entertainment Group Inc. (GMBL) stock have set the 12-month price targets for the company’s shares at between $0.15 and $0.15. The median price target is 46.67% away from the current levels at $0.15.
FactSet Research has provided data showing that 2 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 2 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Hold the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on November 02, 2021 when ROTH Capital initiated the stock to “Buy” and issued a price target of $22. The Benchmark Company initiated its price target at $20.
The current price level is 5.01%, -14.18%, and -73.70% away from its SMA20, SMA50, and SMA200 respectively, with the GMBL price moving above the 50-day SMA on January 23. Esports Entertainment Group Inc. (GMBL) stock is up 4.61% over the week and -10.35% over the past month. Its price is 9.66% year-to-date and -97.02% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2022, with the company’s earnings per share (EPS) of -$0.14 above consensus estimates by $0.23. The company’s next earnings report is expected on 05/15/2023, with forecasts estimating quarterly EPS at -$0.18 and -$0.42 for whole year. Expected sales for next quarter are $11.24 million, which analysts say will come at $46.9 million for the current fiscal year and next year at $52 million. In addition, estimates put the company’s current quarterly revenue at an average of $11.17 million.
Its 12-month price target is $0.15. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $0.15, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $0.15.
Outstanding shares total 77.99M with insiders holding 6.87% of the shares and institutional holders owning 4.06% of the company’s common stock. The company has a return on investment of -502.80%. The beta has a value of 1.33. Price to sales ratio is 0.11.