Genius Sports Limited (NYSE: GENI) Stock Forecast: $9 Per Share In 2024 With Positive Signs

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In today’s recent session, 2.04 million shares of the Genius Sports Limited (NYSE:GENI) have been traded, and its beta is 1.96. Most recently the company’s share price was $6.45, and it changed around $0.45 or 7.42% from the last close, which brings the market valuation of the company to $1.36B. GENI at last check was trading at a discount to its 52-week high of $8.45, offering almost -31.01% off that amount. The share price’s 52-week low was $4.62, which indicates that the recent value has risen by an impressive 28.37% since then. We note from Genius Sports Limited’s average daily trading volume that its 10-day average is 4.11 million shares, with the 3-month average coming to 2.19 million.

Genius Sports Limited (NYSE:GENI) trade information

Instantly GENI has been showing a green trend so far today with a performance of 7.42% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 7.14 on recent trading dayincreased the stock’s daily price by 9.66%. The company’s shares are currently up 4.29% year-to-date, but still down -3.08% over the last five days. On the other hand, Genius Sports Limited (NYSE:GENI) is 15.71% up in the 30-day period. We can see from the shorts that 9.31 million shares have been sold at a short interest cover period of 4.56 day(s).

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The consensus price target as assigned by Wall Street analysts is $7.5, which translates to bulls needing to increase their stock price by 14.0% from its current value. Analyst projections state that GENI is forecast to be at a low of $7 and a high of $9.

Genius Sports Limited (GENI) estimates and forecasts

Genius Sports Limited share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -10.86 percent over the past six months and at a 48.48% annual growth rate that is well above the industry average of 16.50%. The year-over-year growth rate is expected to be 21.10%, up from the previous year.

Consensus estimates provided by 11 financial analysts predict the company will bring in an average of 94.21M in revenue for the current quarter. 11 analysts expect Genius Sports Limited to make 118.88M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 86.85M and 100.38M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 8.50%. Forecasts for the next quarter put sales growth at 18.40%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 9.88%.

GENI Dividends

Genius Sports Limited’s next quarterly earnings report is expected to be released on 2024-Aug-06.

Genius Sports Limited (NYSE:GENI)’s Major holders

GRANAHAN INVESTMENT MANAGEMENT, LLC, with 5.2506% or 11.86 million shares worth $67.72 million as of 2024-03-31, holds the second largest percentage of outstanding shares.