The closing price of Esports Entertainment Group Inc. (NASDAQ: GMBL) was $0.08 for the day, up 12.50% from the previous closing price of $0.07. In other words, the price has increased by $+0.0090 from its previous closing price. On the day, 36134603 shares were traded. GMBL stock price reached its highest trading level at $0.0918 during the session, while it also had its lowest trading level at $0.0668.
Our analysis of GMBL’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.20 and its Current Ratio is at 0.20.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, ROTH Capital on November 02, 2021, initiated with a Buy rating and assigned the stock a target price of $22.
On April 27, 2021, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $20.
On March 29, 2021, The Benchmark Company started tracking the stock assigning a Speculative Buy rating and target price of $20.The Benchmark Company initiated its Speculative Buy rating on March 29, 2021, with a $20 target price.
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 26 when JOHNSON GRANT bought 50,000 shares for $0.38 per share. The transaction valued at 18,835 led to the insider holds 3,403,334 shares of the business.
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.11.
Stock Price History:
Over the past 52 weeks, GMBL has reached a high of $3.70, while it has fallen to a 52-week low of $0.07. The 50-Day Moving Average of the stock is 0.0979, while the 200-Day Moving Average is calculated to be 0.3194.
GMBL traded an average of 5.18M shares per day over the past three months and 12.07M shares per day over the past ten days. A total of 77.99M shares are outstanding, with a floating share count of 73.12M. Insiders hold about 6.25% of the company’s shares, while institutions hold 7.40% stake in the company. Shares short for GMBL as of Oct 13, 2022 were 2.42M with a Short Ratio of 5.66M, compared to 1.81M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 3.42% and a Short% of Float of 3.60%.
The firm’s stock currently is rated by 2 analysts. On average, analysts expect EPS of -$0.18 for the current quarter, with a high estimate of -$0.13 and a low estimate of -$0.24, while EPS last year was -$0.03. The consensus estimate for the next quarter is -$0.1, with high estimates of -$0.1 and low estimates of -$0.11.
Analysts are recommending an EPS of between -$0.42 and -$0.43 for the fiscal current year, implying an average EPS of -$0.42. EPS for the following year is -$0.42, with 1 analysts recommending between -$0.42 and -$0.42.
It is expected that $90B in revenue will be generated in the current quarter, according to 2 analysts. It ranges from a high estimate of $11.35M to a low estimate of $11M. As of the current estimate, Esports Entertainment Group Inc.’s year-ago sales were $16.23M, an estimated decrease of -31.20% from the year-ago figure.
A total of 2 analysts have provided revenue estimates for GMBL’s current fiscal year. The highest revenue estimate was $47M, while the lowest revenue estimate was $46.81M, resulting in an average revenue estimate of $46.9M. In the same quarter a year ago, actual revenue was $58.35M, down -19.60% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $52M in the next fiscal year. The high estimate is $52M and the low estimate is $52M. The average revenue growth estimate for next year is up 10.90% from the average revenue estimate for this year.