Esports Entertainment Group Inc. (GMBL) Reveals an Earnings Mystery

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Esports Entertainment Group Inc. (NASDAQ:GMBL) went up by 6.47% from its latest closing price compared to the recent 1-year high of $24.48. The company’s stock price has collected 12.71% of gains in the last five trading sessions. Press Release reported on 03/31/21 that Esports Entertainment Group Participates in Noble Capital Markets Virtual Road Show Series Today at 1:00 p.m. ET

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Is It Worth Investing in Esports Entertainment Group Inc. (NASDAQ :GMBL) Right Now?

Plus, the 36-month beta value for GMBL is at 1.03. Opinions of the stock are interesting as 4 analysts out of 4 who provided ratings for Esports Entertainment Group Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $22.50, which is $5.39 above the current price. GMBL currently public float of 7.33M and currently shorts hold a 8.30% ratio of that float. Today, the average trading volume of GMBL was 1.83M shares.

GMBL’s Market Performance

GMBL stocks went up by 12.71% for the week, with a monthly jump of 11.68% and a quarterly performance of 153.48%. The volatility ratio for the week stands at 9.28% while the volatility levels for the past 30 days are set at 13.69% for Esports Entertainment Group Inc.. The simple moving average for the period of the last 20 days is 8.18% for GMBL stocks with a simple moving average of 123.67% for the last 200 days.

Analysts’ Opinion of GMBL

Many brokerage firms have already submitted their reports for GMBL stocks, with The Benchmark Company repeating the rating for GMBL by listing it as a “Speculative Buy.” The predicted price for GMBL in the upcoming period, according to The Benchmark Company is $20 based on the research report published on March 29th of the current year 2021.

The Benchmark Company, on the other hand, stated in their research note that they expect to see GMBL reach a price target of $20. The rating they have provided for GMBL stocks is “Buy” according to the report published on March 29th, 2021.

Maxim Group gave a rating of “Buy” to GMBL, setting the target price at $30 in the report published on March 25th of the current year.

GMBL Trading at 18.33% from the 50-Day Moving Average

After a stumble in the market that brought GMBL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -30.11% of loss for the given period.

Volatility was left at 13.69%, however, over the last 30 days, the volatility rate increased by 9.28%, as shares surge +16.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +129.05% upper at present.

During the last 5 trading sessions, GMBL rose by +12.71%, which changed the moving average for the period of 200-days by +143.73% in comparison to the 20-day moving average, which settled at $15.94. In addition, Esports Entertainment Group Inc. saw 169.45% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for GMBL

The total capital return value is set at -121.03, while invested capital returns managed to touch -323.42. Equity return is now at value -191.80, with -84.40 for asset returns.

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The liquidity ratio also appears to be rather interesting for investors as it stands at 7.51.

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