EBET Inc (NASDAQ:EBET) finished Wednesday with a subtraction of -$0.01 to close at $0.05, a downside of -13.69 percent. An average of 168,923,375 shares of common stock have been traded in the last five days. There was a fall of -$0.0124 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 148,069,406 shares traded, while the 50-day average volume stands at 156,687,172.
EBET stock has increased by 37.79% in the last month. The company shares reached their 1-month lowest point of $0.0380 on 08/28/23. 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 -91.49% or -$0.5766 in price. In spite of this, the price is down -97.98% from the 52-week high.
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Valuation Metrics
EBET Inc (EBET) stock’s beta is 0.78. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.50.
Financial Health
The quick ratio of EBET Inc for the three months ended June 29 was 0.08, and the current ratio was 0.08, 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%, while its operating margin for the same period stands at -20.90%. 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 27 September was 48.23%, suggesting the stock is Neutral, with historical volatility in this time frame at 242.62%.
As of today, EBET’s price is $0.0633 -18.79% or -$0.0124 from its 5-day moving average. EBET is currently trading +0.19% higher than its 20-day SMA and -83.10% lower than its 100-day SMA. However, the stock’s current price level is -41.29% below the SMA50 and -92.58% below the SMA200.
The stochastic %K and %D were 42.75% and 53.36%, respectively, and the average true range (ATR) was 0.0119. With the 14-day stochastic at 34.08% and the average true range at 0.0122, the RSI (14) stands at 48.32%. The stock has reached -0.0030 on the 9-day MACD Oscillator while the 14-day reading was at 0.0039.
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. The consensus rating for EBET Inc (EBET) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell EBET, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is EBET’s price target for the next 12 months?
Analysts predict a range of price targets between $3.00 and $3.00, with a median target of $3.00. Taking a look at these predictions, the average price target given by analysts for EBET Inc (EBET) stock is $3.00.
