The stock of Super League Gaming Inc. (NASDAQ:SLGG) increased by $0.02 on Tuesday to finish at $0.33, up 6.19 percent. The last five days have seen an average of 2,287,860 shares of common stock traded. 12 times new highs were reached in the current year, with a fall of -$0.0072. The average number of shares traded over the last 20 days was 1,018,855, while the average volume over the last 50 days totaled 633,320.
SLGG stock dropped -2.89% since last month. On 08/08/23, the company’s shares reached a one-month low of $0.3000. The stock touched a high of $1.07 on 02/01/23, after rallying from a low of $0.30 in 52 weeks. The price of SLGG stock has declined by -2.15% or -$0.0072 this year, reaching a new high 12 times. Still, the stock price is down -69.23% from the 52-week high.
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Insider Transactions
SLGG stock investors should be aware that Super League Gaming Inc. (SLGG) stock had its last reported insider trading activity 20 days ago on Jul 27. On Jul 27, 10% Owner TPG GP A, LLC sold 31,329 shares at $0.36 each. This transaction resulted in the insider making $11,228. On Jul 26, TPG GP A, LLC sold 69,760 shares at a price of US$0.38. After the transaction, the insider now owns 8,493,153 shares. 10% Owner TPG GP A, LLC had earlier sold 4,365 shares on Jul 25 for $0.35 a share. The transaction was completed for $1,536.
Valuation Metrics
Beta for the stock is 1.52. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.85, the price-to-book (PB) ratio of 0.84.
Financial Health
For the three months ended June 29, Super League Gaming Inc.’s quick ratio was 0.60, while its current ratio was 0.60, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 41.80% percent. Based on annual data, it had gross profit of $8.52 million and revenue of $19.68 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SLGG’s return on assets (ROA) during the last 12 months has been -190.40%. There was a -409.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -250.70%.
Earnings Surprise
According to Super League Gaming Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.32 million, while revenues fell by -13.55% to $7.12 million. It was predicted that Super League Gaming Inc.’s quarterly earnings would be -$0.12, but it ended up being -$0.17, beating the consensus by 29.40%. EBITDA was -$6.84 million for the quarter. Equity owned by shareholders amounts to $50.43 million.
Technical Picture
Here’s a quick look at Super League Gaming Inc.’s (SLGG) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 44.23%, suggesting the stock is Neutral, with a 58.85% historical volatility rate.
The stochastic %K and %D were 13.01% and 12.76% respectively, while the average true range (ATR) was 0.0434. Based on the 14-day stochastic reading of 20.28%, the RSI (14) reading is 42.61%. On the 9-day MACD Oscillator, the stock is at -0.0152, and the 14-day reading is at -0.0237.
Analyst Ratings
In its analyst report released on May 27, 2021, H.C. Wainwright began covering Super League Gaming Inc. (NASDAQ: SLGG). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Super League Gaming Inc. (SLGG) an Buy rating. SLGG is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is SLGG’s price target for the next 12 months?
The current consensus forecast for the stock is between $2.00 and $2.00, with a median target price of $2.00. In analyzing these forecasts, the average price target given by analysts for Super League Gaming Inc. (SLGG) is $2.00.
