Market Watch: SharpLink Gaming Inc (SBET)’s Noteworthy Drop, Closing at 0.43

Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.

As of close of business last night, SharpLink Gaming Inc’s stock clocked out at $0.43, down -5.56% from its previous closing price of $0.46. In other words, the price has decreased by -$5.56 from its previous closing price. On the day, 0.52 million shares were traded. SBET stock price reached its highest trading level at $0.465 during the session, while it also had its lowest trading level at $0.4041.

Ratios:

To gain a deeper understanding of SBET’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.24 and its Current Ratio is at 3.24. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SBET now has a Market Capitalization of 1540944 and an Enterprise Value of -65645. Its current Enterprise Value per Revenue stands at -0.015 whereas that against EBITDA is 0.011.

Stock Price History:

The Beta on a monthly basis for SBET is 1.13, which has changed by -0.647541 over the last 52 weeks, in comparison to a change of 0.22208416 over the same period for the S&P500. Over the past 52 weeks, SBET has reached a high of $1.68, while it has fallen to a 52-week low of $0.33. The 50-Day Moving Average of the stock is -31.95%, while the 200-Day Moving Average is calculated to be -42.47%.

Shares Statistics:

It appears that SBET traded 845.82K shares on average per day over the past three months and 853460 shares per day over the past ten days. A total of 3.59M shares are outstanding, with a floating share count of 3.03M. Insiders hold about 15.58% of the company’s shares, while institutions hold 3.40% stake in the company. Shares short for SBET as of 1730332800 were 18705 with a Short Ratio of 0.02, compared to 1727654400 on 21305. Therefore, it implies a Short% of Shares Outstanding of 18705 and a Short% of Float of 0.5499999999999999.

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