Super League Gaming Inc. (NASDAQ:SLGG) saw a downside of -49.56% to close Monday at $0.12 after subtracting -$0.12 on the day. The 5-day average trading volume is 5,136,200 shares of the company’s common stock. It has gained $0.3670 in the past week and touched a new high 1 time within the past 5 days. An average of 1,786,445 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 934,486.
SLGG’s 1-month performance is -64.75% or -$0.2210 on its low of $0.1181 reached on 08/21/23. The company’s shares have touched a 52-week low of $0.23 and high of $1.07, with the stock’s rally to the 52-week high happening on 02/01/23. YTD, SLGG has lost -64.24% or -$0.2161 and has reached a new high 12 times. However, the current price is down -88.76% from the 52-week high price.
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Insider Transactions
SLGG stock investors last saw insider trading activity on Aug 15.TPG GP A, LLC (Former 10% Owner) most recently sold 8,461,824 shares at $0.20 per share on Aug 15. This transaction cost the insider $1,692,365. 10% Owner, TPG GP A, LLC, sold 31,329 shares at a price of $0.36 on Jul 27. Then, on Jul 26, 10% Owner TPG GP A, LLC sold 69,760 shares at a price of $0.38 per share. This transaction amounted to $26,404.
Valuation Metrics
SLGG stock has a beta of 1.58. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.32 while the price-to-book (PB) in the most recent quarter is 0.24.
Super League Gaming Inc.’s quick ratio for the period ended June 29 was 1.20, with the current ratio over the same period at 1.20. In terms of profitability, the gross margin trailing 12 months is 41.80%. The trailing 12-month EBITDA margin is -130.43%. The firm’s gross profit as reported stood at $8.52 million against revenue of $19.68 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -27.49% to -$6.84 million, while revenue of -$7.24 million was -5.85% off the previous quarter. Analysts expected SLGG to announce -$0.17 per share in earnings in its latest quarter, but it posted -$0.12, representing a 29.40% surprise. EBITDA for the quarter stood at more than -$6.84 million. Shareholders hold equity totaling $50.43 million.
Let’s look briefly at Super League Gaming Inc. (SLGG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 13.66% to suggest the stock is trending oversold, with historical volatility in this time period at 326.08%.
The stock’s 5-day moving average is $0.2396, reflecting a -61.19% or -$0.1897 change from its current price. SLGG is currently trading -66.02% above its 20-day SMA, -75.45% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -77.32% and SMA200 by-82.83%.
Stochastic %K and %D was 2.78% and 5.31% and the average true range (ATR) pointed at 0.0521. The RSI (14) points at 19.53%, while the 14-day stochastic is at 0.68% with the period’s ATR at 0.0487. The stock’s 9-day MACD Oscillator is pointing at -0.0747 and -0.1064 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Super League Gaming Inc. (NASDAQ: SLGG), H.C. Wainwright launched coverage with a Buy rating. Analysts offering their rating for SLGG stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate SLGG as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is SLGG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $1.50 and a high of $2.00, with their median price target at $1.75. Looking at these predictions, the average price target given by analysts is for Super League Gaming Inc. (SLGG) stock is $1.75.
