During the last session, Genius Sports Limited (NYSE:GENI)’s traded shares were 2.05 million, with the beta value of the company hitting 1.96. At the end of the trading day, the stock’s price was $7.62, reflecting an intraday loss of -0.91% or -$0.07. The 52-week high for the GENI share is $8.15, that puts it down -6.96 from that peak though still a striking 39.37% gain since the share price plummeted to a 52-week low of $4.62. The company’s market capitalization is $1.61B, and the average intraday trading volume over the past 10 days was 2.98 million shares, and the average trade volume was 2.55 million shares over the past three months.
Genius Sports Limited (GENI) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.15. GENI has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.01.
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Genius Sports Limited (NYSE:GENI) trade information
Genius Sports Limited (GENI) registered a -0.91% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.91% in intraday trading to $7.62, hitting a weekly high. The stock’s 5-day price performance is -2.93%, and it has moved by 12.72% in 30 days. Based on these gigs, the overall price performance for the year is 15.11%. The short interest in Genius Sports Limited (NYSE:GENI) is 11.35 million shares and it means that shorts have 3.37 day(s) to cover.
The consensus price target of analysts on Wall Street is $7.5, which implies a decrease of -1.6% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $7 and $9 respectively. As a result, GENI is trading at a discount of -18.11% off the target high and 8.14% off the low.
Genius Sports Limited (GENI) estimates and forecasts
Statistics show that Genius Sports Limited has outperformed its competitors in share price, compared to the industry in which it operates. Genius Sports Limited (GENI) shares have gone up 4.67% during the last six months, with a year-to-date growth rate more than the industry average at 24.24% against 7.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 83.30% this quarter and then jump 100.00% in the quarter after that. In the rating firms’ projections, revenue will increase 23.40% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 118.91M as predicted by 12 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to 175.74M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 100.38M and 127.17M respectively. In this case, analysts expect current quarter sales to grow by 18.50% and then jump by 38.20% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 9.88%. While earnings are projected to return 44.50% in 2024.
GENI Dividends
Genius Sports Limited is due to release its next quarterly earnings on 2024-Nov-11. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 9.97 million shares, is of GRANAHAN INVESTMENT MANAGEMENT, LLC’s that is approximately 4.3465% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $54.32 million.
Also, the Mutual Funds coming in first place with the largest holdings of Genius Sports Limited (GENI) shares are ARK ETF Tr-ARK Next Generation Internet ETF and MFS New Discovery Fund . Data provided on Jul 31, 2024 indicates that ARK ETF Tr-ARK Next Generation Internet ETF owns about 5.99 shares. This amounts to just over 2.78 percent of the company’s overall shares, with a $45.62 million market value. The same data shows that the other fund manager holds slightly less at 3.82, or about 1.78% of the stock, which is worth about $29.12 million.
