Esports Entertainment Group Inc (NASDAQ: GMBL): The Stock For Success Over The Next Few Months

In the last trading session, 27.46 million Esports Entertainment Group Inc (NASDAQ:GMBL) shares changed hands as the company’s beta touched 1.32. With the company’s per share price at $0.03 changed hands at $0.0 or -12.87% during last session, the market valuation stood at $2.70M. GMBL’s last price was a discount, traded about -79233.33% off its 52-week high of $23.80. The share price had its 52-week low at $0.03. When we look at Esports Entertainment Group Inc’s average trading volume, we note the 10-day average is 18.97 million shares, with the 3-month average coming to 11.43 million.

Analysts gave the Esports Entertainment Group Inc (GMBL) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended GMBL as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Esports Entertainment Group Inc’s EPS for the current quarter is expected to be $0.

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Esports Entertainment Group Inc (NASDAQ:GMBL) trade information

Instantly GMBL was in red as seen at the end of in last trading. With action -30.05%, the performance over the past five days has been red. The drop to weekly highs of 0.0465 on Friday, 11/17/23 subtracted -12.87% to the stock’s daily price. The company’s shares are showing year-to-date downside of -99.61%, with the 5-day performance at -30.05% in the red. However, in the 30-day time frame, Esports Entertainment Group Inc (NASDAQ:GMBL) is -59.73% down. Looking at the short shares, we see there were 0.89 million shares sold at short interest cover period of 0.11 days.

The consensus price target for the stock as assigned by Wall Street analysts is $2.00, meaning bulls need an upside of 98.5% from its current market value. According to analyst projections, GMBL’s forecast low is $2.00 with $2.00 as the target high. To hit the forecast high, the stock’s price needs a -6566.67% plunge from its current level, while the stock would need to soar -6566.67% for it to hit the projected low.

Esports Entertainment Group Inc (GMBL) estimates and forecasts

Data shows that the Esports Entertainment Group Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -98.55% over the past 6 months, a 80.39% in annual growth rate that is considerably higher than the industry average of 17.00%. Year-over-year growth is forecast to reach -46.50% down from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $13 million. 1 analysts are of the opinion that Esports Entertainment Group Inc’s revenue for the quarter ending Dec 2023 will be $13 million. The company’s revenue for the corresponding quarters a year ago was $11.17 million and $6.41 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 16.40%. The estimates for the next quarter sales put growth at 102.80%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 8.14%.

GMBL Dividends

Esports Entertainment Group Inc is expected to release its next quarterly earnings report between November 20 and November 22.

Esports Entertainment Group Inc (NASDAQ:GMBL)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.93% of Esports Entertainment Group Inc shares while 2.21% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 2.23%. There are 2.21% institutions holding the Esports Entertainment Group Inc stock share, with International Assets Investment Management, LLC the top institutional holder. As of Sep 29, 2023, the company held 0.06% of the shares, roughly 39611.0 GMBL shares worth $4214.0.

Vanguard Group Inc holds the second largest percentage of outstanding shares, with 0.03% or 21956.0 shares worth $25908.0 as of Jun 29, 2023.

With 21956.0 shares estimated at $25908.0 under it, the former controlled 0.03% of total outstanding shares.

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