In the last trading session, 9.28 million shares of the Genius Sports Limited (NYSE:GENI) were traded, and its beta was 1.96. Most recently the company’s share price was $6.65, and it changed around $0.65 or 10.83% from the last close, which brings the market valuation of the company to $1.40B. GENI currently trades at a discount to its 52-week high of $8.45, offering almost -27.07% off that amount. The share price’s 52-week low was $4.62, which indicates that the current value has risen by an impressive 30.53% since then. We note from Genius Sports Limited’s average daily trading volume that its 10-day average is 4.44 million shares, with the 3-month average coming to 2.19 million.
Genius Sports Limited (NYSE:GENI) trade information
Instantly GENI has showed a green trend with a performance of 10.83% at the end of last trading. The rise to weekly highs of 7.14 on recent trading dayincreased the stock’s daily price by 6.86%. On the other hand, Genius Sports Limited (NYSE:GENI) is 19.39% 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 11.33% 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 -8.02 percent over the past six months and at a 48.48% annual growth rate that is well above the industry average of 16.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 40.00% in revenue this quarter, and will report an increase of 83.30% in the next quarter. 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.
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.
