The stock of Genius Sports Limited (NYSE:GENI) increased by $0.16 on Tuesday to finish at $6.42, up 2.56 percent. The last five days have seen an average of 1,834,600 shares of common stock traded. 20 times new highs were reached in the current year, with a gain of $2.85. The average number of shares traded over the last 20 days was 1,920,725, while the average volume over the last 50 days totaled 2,203,964.
GENI stock dropped -15.30% since last month. On 08/15/23, the company’s shares reached a one-month low of $6.12. The stock touched a high of $8.45 on 08/07/23, after rallying from a low of $3.12 in 52 weeks. The price of GENI stock has risen by 79.83% or $2.85 this year, reaching a new high 20 times. Still, the stock price is down -24.02% from the 52-week high.
Valuation Metrics
Beta for the stock is 1.99. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.07, the price-to-book (PB) ratio of 2.23.
Financial Health
For the three months ended June 29, Genius Sports Limited’s quick ratio was 1.50, while its current ratio was 1.50, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 11.70% percent. Genius Sports Limited’s EBITDA margin for the year ended June 29 was -23.80%, whereas its operating margin stood at -29.60% for the same period. Based on annual data, it had gross profit of $2.86 million and revenue of $341.03 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GENI’s return on assets (ROA) during the last 12 months has been -22.70%. There was a -31.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -29.40%.
Earnings Surprise
According to Genius Sports Limited’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $341.03 million, while revenues rose by 22.96% to $0.0. It was predicted that Genius Sports Limited’s quarterly earnings would be -$0.05, but it ended up being -$0.05. EBITDA was $10.13 million for the quarter. At the end of Genius Sports Limited’s most recent quarter ended June 29, its liabilities totaled 167.54 million, while its total debt was $13.45 million.
Technical Picture
Here’s a quick look at Genius Sports Limited’s (GENI) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 34.51%, suggesting the stock is Neutral, with a 42.34% historical volatility rate.
The stochastic %K and %D were 6.68% and 3.73% respectively, while the average true range (ATR) was 0.44. Based on the 14-day stochastic reading of 12.88%, the RSI (14) reading is 40.21%. On the 9-day MACD Oscillator, the stock is at -0.41, and the 14-day reading is at -0.73.
Analyst Ratings
In its analyst report released on May 25, 2023, Lake Street began covering Genius Sports Limited (NYSE: GENI). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Genius Sports Limited (GENI) an Buy rating. GENI is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 9 others recommend it as a buy.
What is GENI’s price target for the next 12 months?
The current consensus forecast for the stock is between $5.00 and $15.00, with a median target price of $9.50. In analyzing these forecasts, the average price target given by analysts for Genius Sports Limited (GENI) is $9.55.
