EBET Inc. (NASDAQ:EBET) finished Thursday with a subtraction of $0.0 to close at $0.04, an upside of 8.59 percent. An average of 215,839,563 shares of common stock have been traded in the last five days. There was a fall of -$0.0095 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 63,689,145 shares traded, while the 50-day average volume stands at 27,214,123.
EBET stock has decreased by -65.29% in the last month. The company shares reached their 1-month lowest point of $0.0271 on 08/08/23. With the stock rallying to its 52-week high on 02/01/23, shares of the company touched a low of $0.03 and a high of $2.66 in 52 weeks. It has reached a new high 7 times so far this year and lost -93.18% or -$0.5872 in price. In spite of this, the price is down -98.38% from the 52-week high.
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Valuation Metrics
EBET Inc. (EBET) stock’s beta is 1.24. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.04, the price-to-book (PB) ratio at 0.04.
Financial Health
The quick ratio of EBET Inc. for the three months ended June 29 was 0.20, and the current ratio was 0.20, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.50 and a total debt to equity ratio of 1.29 for the quarter ending June 29. EBET Inc.’s EBITDA margin for the year ending June 29 is -34.13%, while its operating margin for the same period stands at -32.20%. Its gross profit as reported stood at $22.58 million compared to revenue of $58.6 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, EBET Inc.’s return on assets was -53.10%.
Earnings Surprise
For the three-month period that ended June 29, EBET Inc. had $12.86 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$5.57 million in the quarter, while revenues were shrunk -137.16%. The analyst consensus anticipated EBET Inc.’s latest quarter earnings to come in at -$0.8 per share, but it turned out to be -$0.7, a 12.50% surprise. For the quarter, EBITDA amounted to $2.12 million. Shareholders own equity worth $26.21 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at EBET Inc. (EBET) price momentum. RSI 9-day as of the close on 10 August was 27.67%, suggesting the stock is oversold, with historical volatility in this time frame at 259.90%.
As of today, EBET’s price is $0.0371 -18.10% or -$0.0095 from its 5-day moving average. EBET is currently trading -62.96% lower than its 20-day SMA and -88.38% lower than its 100-day SMA. However, the stock’s current price level is -82.38% below the SMA50 and -94.63% below the SMA200.
The stochastic %K and %D were 13.05% and 8.62%, respectively, and the average true range (ATR) was 0.0139. With the 14-day stochastic at 20.68% and the average true range at 0.0153, the RSI (14) stands at 24.34%. The stock has reached -0.0113 on the 9-day MACD Oscillator while the 14-day reading was at -0.0264.
Analyst Ratings
Needham launched coverage on EBET Inc. (NASDAQ: EBET) in its analyst report released on February 07, 2022. The firm assigned the stock a Buy rating.
