GENI Stock Forecast 2024: Genius Sports Limited Remains Weak With A Upside Of 38.81%

ZM Stock

In the last trading session, 2.26 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 $7.55, and it changed around -$0.13 or -1.69% from the last close, which brings the market valuation of the company to $1.59B. GENI currently trades at a discount to its 52-week high of $8.15, offering almost -7.95% off that amount. The share price’s 52-week low was $4.62, which indicates that the current value has risen by an impressive 38.81% since then. We note from Genius Sports Limited’s average daily trading volume that its 10-day average is 2.92 million shares, with the 3-month average coming to 2.52 million.

Genius Sports Limited stock received a consensus recommendation rating of Buy, based on a mean score of 1.15. If we narrow it down even further, the data shows that 0 out of 12 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 1 recommended GENI as a Hold, whereas 9 deemed it a Buy, and 0 rated it as Underweight.

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Genius Sports Limited (NYSE:GENI) trade information

Instantly GENI has showed a red trend with a performance of -1.69% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 8.15 on recent trading dayincreased the stock’s daily price by 7.36%. The company’s shares are currently up 22.17% year-to-date, but still down -1.31% over the last five days. On the other hand, Genius Sports Limited (NYSE:GENI) is 10.87% up in the 30-day period. We can see from the shorts that 10.25 million shares have been sold at a short interest cover period of 3.67 day(s).

The consensus price target as assigned by Wall Street analysts is $7.5, which translates to bulls needing to decrease their stock price by -0.67% 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 risen 9.26 percent over the past six months and at a 24.24% annual growth rate that is well above the industry average of 7.20%.

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 in September.

GRANAHAN INVESTMENT MANAGEMENT, LLC, with 4.3465% or 9.97 million shares worth $54.32 million as of 2024-06-30, holds the second largest percentage of outstanding shares.