Esports Entertainment Group Inc (NASDAQ:GMBL) saw a downside of -1.18% to close Monday at $0.09 after subtracting $0.0 on the day. The 5-day average trading volume is 10,030,820 shares of the company’s common stock. It has gained $0.1219 in the past week and touched a new high 2 times within the past 5 days. An average of 9,465,110 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 10,068,812.
GMBL’s 1-month performance is -26.70% or -$0.0295 on its low of $0.0876 reached on 09/25/23. The company’s shares have touched a 52-week low of $0.09 and high of $23.80, with the stock’s rally to the 52-week high happening on 01/25/23. YTD, GMBL has lost -98.79% or -$7.5675 and has reached a new high 5 times. However, the current price is down -99.61% from the 52-week high price.
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Valuation Metrics
GMBL stock has a beta of 1.44. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.12.
Esports Entertainment Group Inc’s quick ratio for the period ended March 30 was 0.19, with the current ratio over the same period at 0.19. In terms of profitability, the gross margin trailing 12 months is 42.70%. The trailing 12-month EBITDA margin is -51.80% while for the period ending March 30, Esports Entertainment Group Inc’s operating margin was -84.87%. The firm’s gross profit as reported stood at $34.19 million against revenue of $58.35 million.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -139.21% to $14.41 million, while revenue of $4.44 million was 69.19% off the previous quarter. Analysts expected GMBL to announce -$7 per share in earnings in its latest quarter, but it posted -$5.76, representing a 17.70% surprise. EBITDA for the quarter stood at more than -$7.97 million. GMBL stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 38.04 million, with total debt at $18.02 million. Shareholders hold equity totaling $3.34 million.
Let’s look briefly at Esports Entertainment Group Inc (GMBL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 23.15% to suggest the stock is trending oversold, with historical volatility in this time period at 92.49%.
The stock’s 5-day moving average is $0.1023, reflecting a -17.41% or -$0.0195 change from its current price. GMBL is currently trading -24.18% above its 20-day SMA, -95.49% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -90.16% and SMA200 by-99.26%.
Stochastic %K and %D was 5.81% and 8.41% and the average true range (ATR) pointed at 0.0198. The RSI (14) points at 21.80%, while the 14-day stochastic is at 6.60% with the period’s ATR at 0.0282. The stock’s 9-day MACD Oscillator is pointing at -0.0133 and -0.0157 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Esports Entertainment Group Inc (NASDAQ: GMBL), ROTH Capital launched coverage with a Buy rating. Analysts offering their rating for GMBL stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate GMBL as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is GMBL’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $2.00 and a high of $2.00, with their median price target at $2.00. Looking at these predictions, the average price target given by analysts is for Esports Entertainment Group Inc (GMBL) stock is $2.00.
