Genius Sports Limited (NYSE: GENI)’s Potential for Significant Price Increase in the Near Future

In the latest trading session,, 0.99 million Genius Sports Limited (NYSE:GENI) shares changed hands as the company’s beta touched 1.98. With the company’s most recent per share price at $5.38 changed hands at -$0.04 or -0.74% at last look, the market valuation stands at $1.15B. GENI’s current price is a discount, trading about -57.06% off its 52-week high of $8.45. The share price had its 52-week low at $3.90, which suggests the last value was 27.51% up since then. When we look at Genius Sports Limited’s average trading volume, we note the 3-month average coming to 2.27 million.

Genius Sports Limited (NYSE:GENI) trade information

Instantly GENI was in red as seen in intraday trades today. With action 6.96%, the performance over the past five days has been green. The drop to weekly highs of 5.74 subtracted -0.74% to the stock’s daily price. The company’s shares are showing year-to-date downside of -12.94%, with the 5-day performance at 6.96% in the green. However, in the 30-day time frame, Genius Sports Limited (NYSE:GENI) is -9.27% down.

Genius Sports Limited (GENI) estimates and forecasts

Data shows that the Genius Sports Limited 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 2.48% over the past 6 months, a 60.61% in annual growth rate that is considerably higher than the industry average of 20.00%. Year-over-year growth is forecast to reach 16.40% up from the last financial year.

Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of 116.9M. 12 analysts are of the opinion that Genius Sports Limited’s revenue for the current quarter will be 94.12M. The company’s revenue for the corresponding quarters a year ago was 97.23M and 86.85M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 20.20%. The estimates for the next quarter sales put growth at 8.40%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 9.88%. The 2024 estimates are for Genius Sports Limited earnings to increase by 55.88%.