The stock of Esports Entertainment Group Inc. (NASDAQ:GMBL) decreased by $0.0 on Monday to finish at $0.12, up 2.46 percent. The last five days have seen an average of 14,201,440 shares of common stock traded. 5 times new highs were reached in the current year, with a fall of -$7.5350. The average number of shares traded over the last 20 days was 15,629,990, while the average volume over the last 50 days totaled 6,443,450.
GMBL stock dropped -72.04% since last month. On 08/22/23, the company’s shares reached a one-month low of $0.1055. The stock touched a high of $51.90 on 01/25/23, after rallying from a low of $0.11 in 52 weeks. The price of GMBL stock has declined by -98.37% or -$7.5350 this year, reaching a new high 5 times. Still, the stock price is down -99.76% from the 52-week high.
Financial Health
For the three months ended March 30, Esports Entertainment Group Inc.’s quick ratio was 0.20, while its current ratio was 0.20, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 61.40% percent. Based on annual data, it had gross profit of $34.19 million and revenue of $58.35 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GMBL’s return on assets (ROA) during the last 12 months has been -75.60%. There was a -502.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 216.90%.
Earnings Surprise
According to Esports Entertainment Group Inc.’s quarterly financial report for the quarter that ended March 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $6.41 million, while revenues fell by -126.68% to $9.61 million. It was predicted that Esports Entertainment Group Inc.’s quarterly earnings would be -$5.76, but it ended up being -$7, beating the consensus by 17.70%. EBITDA was -$7.97 million for the quarter. At the end of Esports Entertainment Group Inc.’s most recent quarter ended March 30, its liabilities totaled 38.04 million, while its total debt was $18.02 million. Equity owned by shareholders amounts to $3.34 million.
Technical Picture
Here’s a quick look at Esports Entertainment Group Inc.’s (GMBL) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 16.18%, suggesting the stock is oversold, with a 176.29% historical volatility rate.
The stochastic %K and %D were 8.36% and 9.16% respectively, while the average true range (ATR) was 0.0553. Based on the 14-day stochastic reading of 9.18%, the RSI (14) reading is 15.34%. On the 9-day MACD Oscillator, the stock is at -0.0422, and the 14-day reading is at -0.0554.
Analyst Ratings
In its analyst report released on November 02, 2021, ROTH Capital began covering Esports Entertainment Group Inc. (NASDAQ: GMBL). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Esports Entertainment Group Inc. (GMBL) an Hold rating. GMBL is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is GMBL’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 Esports Entertainment Group Inc. (GMBL) is $2.00.
