As of Wednesday close, Esports Entertainment Group Inc.’s (NASDAQ:GMBL) stock traded at $0.11. The average number of shares traded per day over the past five days has been 14,758,400 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0209 fall in that time frame. In the last twenty days, the average volume was 10,520,120, while in the previous 50 days, it was 9,487,436.
Since last month, GMBL stock retreated -43.98%. Shares of the company fell to $0.1011 on 09/07/23, the lowest level in the past month. A 52-week high of $23.80 was reached on 01/25/23 after having rallying from a 52-week low of $0.10. Since the beginning of this year, GMBL’s stock price has dropped by -98.59% or -$7.5520, and marked a new high 5 times. However, the stock has declined by -99.55% since its 52-week high.
Financial Health
In the three months ended March 30, Esports Entertainment Group 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. On the profitability front, the trailing twelve-month gross margin is 61.40% percent. Based on annual data, GMBL earned $34.19 million in gross profit and brought in $58.35 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 -502.80%. Return on equity (ROE) for the past 12 months was 216.90%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. GMBL’s revenue fell -126.68% to $9.61 million during the quarter, while net income inched up to $6.41 million. While analysts expected Esports Entertainment Group Inc. to report -$7 quarterly earnings, the actual figure was -$5.76 per share, beating the consensus estimate by 17.70%. During the quarter, the company generated -$7.97 million in EBITDA. The liabilities of Esports Entertainment Group Inc. were 38.04 million at the end of its most recent quarter ended March 30, and its total debt was $18.02 million. The value of shareholders’ equity is $3.34 million.
Technical Picture
This quick technical analysis looks at Esports Entertainment Group Inc.’s (GMBL) price momentum. With a historical volatility rate of 87.78%, the RSI 9-day stood at 29.24% on 20 September.
With respect to its five-day moving average, the current Esports Entertainment Group Inc. price is down by -16.21% percent or -$0.0209. At present, GMBL shares trade -28.62% below its 20-day simple moving average and -94.71% percent below its 100-day simple moving average. However, the stock is currently trading approximately -90.44% below its SMA50 and -99.08% below its SMA200.
Stochastic coefficient K was 15.49% and Stochastic coefficient D was 21.89%, while ATR was 0.0234. Given the Stochastic reading of 11.37% for the 14-day period, the RSI (14) reading has been calculated as 24.05%.
Analyst Ratings
ROTH Capital launched its rating on Esports Entertainment Group Inc. (NASDAQ: GMBL) to a Buy in a note to investors on November 02, 2021. Esports Entertainment Group Inc. (GMBL) has been rated Hold by analysts. According to 0 brokerage firms, GMBL is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Esports Entertainment Group Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $2.00, the current consensus forecast for the stock is $2.00 – $2.00. Based on these forecasts, analysts predict Esports Entertainment Group Inc. (GMBL) will achieve an average price target of $2.00.
