Esports Entertainment Group Inc. (NASDAQ:GMBL) trading with an addition of $0.08 to $6.70 on Thursday, an upside of 1.21 percent. An average of 999,819 shares of common stock have been traded in the last five days. There was a gain of $0.23 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 485,850 shares traded, while the 50-day average volume stands at 396,150.
GMBL stock has decreased by -16.73% in the last month. The company shares reached their 1-month lowest point of $6.22 on 10/06/21. With the stock rallying to its 52-week high on 02/25/21, shares of the company touched a low of $3.95 and a high of $24.48 in 52 weeks. It has reached a new high 11 times so far this year and achieved 4.25% or $0.36 in price. In spite of this, the price is down -72.63% from the 52-week high.
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Esports Entertainment Group Inc. (GMBL) has a trailing price-to-earnings (P/E) ratio of 21.70 for the broader industry and 31.25 for the sector. The stock’s beta is 0.95. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 18.44, the price-to-book (PB) ratio at 1.83.
The quick ratio of Esports Entertainment Group Inc. for the three months ended June 29 was 2.80, and the current ratio was 2.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.01 for the quarter ending June 29. Its gross profit as reported stood at $2.0 million compared to revenue of $4.05 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Esports Entertainment Group Inc.’s return on assets was -57.40%, compared to -382.6% over the last five years. For the broader industry, ROE averaged 9.95 over the past year.
For the three-month period that ended June 29, Esports Entertainment Group Inc. had $0.22 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $47.91 million in the quarter, while revenues of -$12.44 million were grew 96.12%. The analyst consensus anticipated Esports Entertainment Group Inc.’s latest quarter earnings to come in at -$0.22 per share, but it turned out to be -$0.14, a 36.40% surprise. For the quarter, EBITDA amounted to -$4.73 million. Shareholders own equity worth $20.36 million.
From a technical analysis perspective, let’s take a brief look at Esports Entertainment Group Inc. (GMBL) price momentum. RSI 9-day as of the close on 13 October was 46.00%, suggesting the stock is Neutral, with historical volatility in this time frame at 40.00%.
As of today, GMBL’s price is $6.50 +3.55% or $0.23 from its 5-day moving average. GMBL is currently trading -14.96% lower than its 20-day SMA and -36.28% lower than its 100-day SMA. However, the stock’s current price level is -18.86% below the SMA50 and -3.03% below the SMA200.
The stochastic %K and %D were 24.68% and 16.77%, respectively, and the average true range (ATR) was 0.41. With the 14-day stochastic at 34.03% and the average true range at 0.43, the RSI (14) stands at 41.21%. The stock has reached 0.13 on the 9-day MACD Oscillator while the 14-day reading was at -0.03.
H.C. Wainwright launched coverage on Esports Entertainment Group Inc. (NASDAQ: GMBL) in its analyst report released on April 27, 2021. The firm assigned the stock a a Buy rating.The consensus rating for Esports Entertainment Group Inc. (GMBL) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GMBL, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.
What is GMBL’s price target for the next 12 months?
Analysts predict a range of price targets between $15.00 and $20.00, with a median target of $20.00. Taking a look at these predictions, the average price target given by analysts for Esports Entertainment Group Inc. (GMBL) stock is $18.33.