As of Thursday close, EBET Inc.’s (NASDAQ:EBET) stock was down -$0.02, moving down -24.19 percent to $0.07. The average number of shares traded per day over the past five days has been 388,175,094 shares. 2 times new highs have been achieved over the past 5 days, with a $0.0228 gain in that time frame. In the last twenty days, the average volume was 159,812,359, while in the previous 50 days, it was 66,007,797.
Since last month, EBET stock retreated -32.16%. Shares of the company fell to $0.0271 on 08/08/23, the lowest level in the past month. A 52-week high of $2.66 was reached on 02/01/23 after having rallying from a 52-week low of $0.03. Since the beginning of this year, EBET’s stock price has dropped by -89.56% or -$0.5644, and marked a new high 7 times. However, the stock has declined by -97.53% since its 52-week high.
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EBET stock investors should be aware that EBET Inc. (EBET) stock had its last reported insider trading activity 177 days ago on Feb 22. Speach Aaron, the CEO of the company, purchased of 18,611 shares for $0.54 on Feb 22. It resulted in a $10,050 investment by the insider.
Valuation Metrics
The stock’s beta is 0.89. Besides these, the trailing price-to-sales (P/S) ratio of 0.16, the price-to-book (PB) ratio of 0.06.
Financial Health
In the three months ended June 29, EBET 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. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.50, and the total debt-to-equity ratio was 1.29. On the profitability front, the trailing twelve-month gross margin is 41.00% percent. In the year ended June 29, EBITDA margin amounted to -34.13%, whereas operating margins totaled -32.20%. Based on annual data, EBET earned $22.58 million in gross profit and brought in $58.6 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -60.30%. Return on equity (ROE) for the past 12 months was -153.10%.
In EBET Inc.’s quarter-end financial report for June 29, it reported total debt of $0.55 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. EBET’s revenue fell -127.98% to $11.58 million during the quarter, while net income inched up to $7.97 million. While analysts expected EBET Inc. to report -$0.8 quarterly earnings, the actual figure was -$0.7 per share, beating the consensus estimate by 12.50%. During the quarter, the company generated -$24.37 million in EBITDA. The liabilities of EBET Inc. were 50.28 million at the end of its most recent quarter ended June 29. The value of shareholders’ equity is $300.18 million.
Technical Picture
This quick technical analysis looks at EBET Inc.’s (EBET) price momentum. With a historical volatility rate of 478.90%, the RSI 9-day stood at 52.31% on 17 August.
With respect to its five-day moving average, the current EBET Inc. price is up by +53.02% percent or $0.0228. At present, EBET shares trade -31.81% below its 20-day simple moving average and -83.33% percent below its 100-day simple moving average. However, the stock is currently trading approximately -71.37% below its SMA50 and -92.96% below its SMA200.
Stochastic coefficient K was 45.74% and Stochastic coefficient D was 31.63%, while ATR was 0.0199. Given the Stochastic reading of 45.58% for the 14-day period, the RSI (14) reading has been calculated as 46.03%. As of today, the MACD Oscillator reading stands at 0.0188, while the 14-day reading stands at 0.0144.
Analyst Ratings
Needham launched its rating on EBET Inc. (NASDAQ: EBET) to a Buy in a note to investors on February 07, 2022. EBET Inc. (EBET) has been rated Buy by analysts. According to 0 brokerage firms, EBET is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate EBET Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $3.00, the current consensus forecast for the stock is $3.00 – $3.00. Based on these forecasts, analysts predict EBET Inc. (EBET) will achieve an average price target of $3.00.
