EBET Inc. (NASDAQ:EBET) finished Thursday with a subtraction of $0.0 to close at $0.05, a downside of -2.85 percent. An average of 198,882,375 shares of common stock have been traded in the last five days. There was a fall of -$0.0180 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 208,897,656 shares traded, while the 50-day average volume stands at 85,860,383.
EBET stock has decreased by -49.04% in the last month. The company shares reached their 1-month lowest point of $0.0271 on 08/08/23. With the stock rallying to its 52-week high on 02/01/23, shares of the company touched a low of $0.03 and a high of $2.66 in 52 weeks. It has reached a new high 7 times so far this year and lost -92.42% or -$0.5824 in price. In spite of this, the price is down -98.20% from the 52-week high.
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Valuation Metrics
EBET Inc. (EBET) stock’s beta is 1.19. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.22.
Financial Health
The quick ratio of EBET Inc. for the three months ended June 29 was 0.10, and the current ratio was 0.10, indicating that the company is not able to meet its debt obligations. EBET Inc.’s EBITDA margin for the year ending June 29 is -34.13%. Its gross profit as reported stood at $22.58 million compared to revenue of $58.6 million.
Earnings Surprise
For the three-month period that ended June 29, EBET Inc. had $0.55 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$44.72 million in the quarter, while revenues of -$5.57 million were grew 76.77%. The analyst consensus anticipated EBET Inc.’s latest quarter earnings to come in at -$0.8 per share, but it turned out to be -$0.7, a 12.50% surprise. For the quarter, EBITDA amounted to -$24.37 million. Shareholders own equity worth $300.18 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at EBET Inc. (EBET) price momentum. RSI 9-day as of the close on 24 August was 42.16%, suggesting the stock is Neutral, with historical volatility in this time frame at 456.96%.
As of today, EBET’s price is $0.0583 -27.36% or -$0.0180 from its 5-day moving average. EBET is currently trading -44.42% lower than its 20-day SMA and -88.38% lower than its 100-day SMA. However, the stock’s current price level is -74.91% below the SMA50 and -94.22% below the SMA200.
The stochastic %K and %D were 28.15% and 35.90%, respectively, and the average true range (ATR) was 0.0178. With the 14-day stochastic at 24.38% and the average true range at 0.0177, the RSI (14) stands at 40.15%. The stock has reached -0.0067 on the 9-day MACD Oscillator while the 14-day reading was at 0.0007.
Analyst Ratings
Needham launched coverage on EBET Inc. (NASDAQ: EBET) in its analyst report released on February 07, 2022. The firm assigned the stock a Buy rating.
