In last trading session, Esports Entertainment Group Inc. (NASDAQ:GMBL) saw 6.15 million shares changing hands with its beta currently measuring 1.25. Company’s recent per share price level of $0.12 trading at $0.02 or 22.67% at ring of the bell on the day assigns it a market valuation of $9.07M. That closing price of GMBL’s stock is at a discount of -4358.33% from its 52-week high price of $5.35 and is indicating a premium of 25.0% from its 52-week low price of $0.09. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 7.75 million shares which gives us an average trading volume of 4.08 million if we extend that period to 3-months.
For Esports Entertainment Group Inc. (GMBL), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.18 in the current quarter.
Esports Entertainment Group Inc. (NASDAQ:GMBL) trade information
Upright in the green during last session for gaining 22.67%, in the last five days GMBL remained trading in the red while hitting it’s week-highest on Thursday, 11/17/22 when the stock touched $0.12 price level, adding 8.33% to its value on the day. Esports Entertainment Group Inc.’s shares saw a change of -96.47% in year-to-date performance and have moved -11.50% in past 5-day. Esports Entertainment Group Inc. (NASDAQ:GMBL) showed a performance of -11.50% in past 30-days. Number of shares sold short was 2.42 million shares which calculate 0.38 days to cover the short interests.
Esports Entertainment Group Inc. (GMBL) estimates and forecasts
The company is estimating its revenue growth to decrease by -500.00% in the current quarter and calculating 93.50% increase in the next quarter. This year revenue growth is estimated to fall -19.60% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $11.17 million for the same. And 2 analysts are in estimates of company making revenue of $11.24 million in the next quarter that will end on Dec 2022.
Esports Entertainment Group Inc. is more likely to be releasing its next quarterly report between February 20 and February 24 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Esports Entertainment Group Inc. (NASDAQ:GMBL)’s Major holders
Insiders are in possession of 6.87% of company’s total shares while institution are holding 4.06 percent of that, with stock having share float percentage of 4.36%. Investors also watch the number of corporate investors in a company very closely, which is 4.06% institutions for Esports Entertainment Group Inc. that are currently holding shares of the company. Renaissance Technologies, LLC is the top institutional holder at GMBL for having 0.67 million shares of worth $0.28 million. And as of Jun 29, 2022, it was holding 10.82% of the company’s outstanding shares.
The second largest institutional holder is Susquehanna International Group, LLP, which was holding about 0.42 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 6.72% of outstanding shares, having a total worth of $0.17 million.
On the other hand, Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 0.3 million shares of worth $0.12 million or 4.79% of the total outstanding shares. The later fund manager was in possession of 0.11 million shares on Jun 29, 2022, making its stake of worth around $45931.0 in the company or a holder of 1.80% of company’s stock.