Find Out How Esports Entertainment Group Inc. (GMBL) Insiders Are Trading Their Stock?

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BEPC Stock

As of Wednesday close, Esports Entertainment Group Inc.’s (NASDAQ:GMBL) stock was up $0.02, moving up 22.67 percent to $0.12. The average number of shares traded per day over the past five days has been 4,696,700 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0161 fall in that time frame. In the last twenty days, the average volume was 4,831,230, while in the previous 50 days, it was 5,091,492.

Since last month, GMBL stock retreated -11.50%. Shares of the company fell to $0.0851 on 11/09/22, the lowest level in the past month. A 52-week high of $5.35 was reached on 01/03/22 after having rallying from a 52-week low of $0.09. Since the beginning of this year, GMBL’s stock price has dropped by -96.47% or -$3.3861, and marked a new high 1 time. However, the stock has declined by -97.68% since its 52-week high.


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GMBL stock investors should be aware that Esports Entertainment Group Inc. (GMBL) stock had its last reported insider trading activity 183 days ago on May 26. JOHNSON GRANT, the Chief Executive Officer of the company, purchased of 50,000 shares for $0.38 on May 26. It resulted in a $18,835 investment by the insider.

Financial Health

In the three months ended June 29, Esports Entertainment Group Inc.’s quick ratio stood at 0.20, while its current ratio was 0.20, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 58.40% percent. Based on annual data, GMBL earned $34.19 million in gross profit and brought in $58.35 million in revenue.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. GMBL’s revenue fell -70.76% to $11.71 million during the quarter, while net income inched up to $9.61 million. While analysts expected Esports Entertainment Group Inc. to report -$0.37 quarterly earnings, the actual figure was -$0.14 per share, beating the consensus estimate by 62.20%. During the quarter, the company generated -$4.18 million in EBITDA. The liabilities of Esports Entertainment Group Inc. were 76.01 million at the end of its most recent quarter ended June 29, and its total debt was $45.57 million. The value of shareholders’ equity is $70.92 million.

Technical Picture

This quick technical analysis looks at Esports Entertainment Group Inc.’s (GMBL) price momentum. With a historical volatility rate of 186.80%, the RSI 9-day stood at 53.25% on 23 November.

With respect to its five-day moving average, the current Esports Entertainment Group Inc. price is down by -11.50% percent or -$0.0161. At present, GMBL shares trade -15.71% below its 20-day simple moving average and -70.84% percent below its 100-day simple moving average. However, the stock is currently trading approximately -70.50% below its SMA50 and -96.08% below its SMA200.

Stochastic coefficient K was 26.16% and Stochastic coefficient D was 25.13%, while ATR was 0.0200. Given the Stochastic reading of 43.69% for the 14-day period, the RSI (14) reading has been calculated as 48.16%.

Analyst Ratings

ROTH Capital launched its rating on Esports Entertainment Group Inc. (NASDAQ: GMBL) to a Buy in a note to investors on November 02, 2021. Esports Entertainment Group Inc. (GMBL) has been rated Hold by analysts. According to 0 brokerage firms, GMBL is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Esports Entertainment Group Inc. stock as buy, with 0 recommending it as overweight.

With a median target price of $0.15, the current consensus forecast for the stock is $0.15 – $0.15. Based on these forecasts, analysts predict Esports Entertainment Group Inc. (GMBL) will achieve an average price target of $0.15.

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