EBET Inc. (NASDAQ:EBET) saw a downside of -10.27% to close Monday at $0.07 after subtracting $0.0 on the day. The 5-day average trading volume is 455,266,938 shares of the company’s common stock. It has gained $0.1120 in the past week and touched a new high 2 times within the past 5 days. An average of 186,224,094 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 76,615,367.
EBET’s 1-month performance is -28.02% or -$0.0255 on its low of $0.0271 reached on 08/08/23. The company’s shares have touched a 52-week low of $0.03 and high of $2.66, with the stock’s rally to the 52-week high happening on 02/01/23. YTD, EBET has lost -89.61% or -$0.5647 and has reached a new high 7 times. However, the current price is down -97.54% from the 52-week high price.
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Valuation Metrics
EBET stock has a beta of 0.97. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.30.
EBET Inc.’s quick ratio for the period ended June 29 was 0.10, with the current ratio over the same period at 0.10. In terms of profitability, the gross margin trailing 12 months is 41.00%. The trailing 12-month EBITDA margin is -34.13%. The firm’s gross profit as reported stood at $22.58 million against revenue of $58.6 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 76.77% to -$44.72 million, while revenue of -$5.57 million was 87.54% off the previous quarter. Analysts expected EBET to announce -$0.8 per share in earnings in its latest quarter, but it posted -$0.7, representing a 12.50% surprise. EBITDA for the quarter stood at more than -$24.37 million. EBET stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 50.28 million, with total debt at $39.93 million. Shareholders hold equity totaling $300.18 million.
Let’s look briefly at EBET Inc. (EBET) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 51.41% to suggest the stock is trending Neutral, with historical volatility in this time period at 451.35%.
The stock’s 5-day moving average is $0.0665, reflecting a +92.65% or $0.0315 change from its current price. EBET is currently trading -29.80% above its 20-day SMA, -82.95% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -70.23% and SMA200 by-93.14%.
Stochastic %K and %D was 48.29% and 50.23% and the average true range (ATR) pointed at 0.0191. The RSI (14) points at 46.14%, while the 14-day stochastic is at 45.23% with the period’s ATR at 0.0184. The stock’s 9-day MACD Oscillator is pointing at 0.0138 and 0.0179 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for EBET Inc. (NASDAQ: EBET), Needham launched coverage with a Buy rating. Analysts offering their rating for EBET stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate EBET as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is EBET’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $3.00 and a high of $3.00, with their median price target at $3.00. Looking at these predictions, the average price target given by analysts is for EBET Inc. (EBET) stock is $3.00.
