Esports Entertainment Group Inc. (NASDAQ: GMBL)’s stock price has decreased by -2.12 compared to its previous closing price of 0.12. However, the company has seen a 5.45% increase in its stock price over the last five trading sessions. InvestorPlace reported 2023-08-24 that Esports Entertainment (NASDAQ: GMBL ) stock is rising higher on Thursday despite a lack of news from the online gaming and entertainment company. Esports Entertainment hasn’t put out any new filings or press releases that would explain why its stock is up this morning.
Is It Worth Investing in Esports Entertainment Group Inc. (NASDAQ: GMBL) Right Now?
and a 36-month beta value of 1.39. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The average price predicted for Esports Entertainment Group Inc. (GMBL) by analysts is $2.00, which is $1.88 above the current market price. The public float for GMBL is 42.67M, and at present, short sellers hold a 5.50% of that float. On September 15, 2023, the average trading volume of GMBL was 6.95M shares.
GMBL’s Market Performance
The stock of Esports Entertainment Group Inc. (GMBL) has seen a 5.45% increase in the past week, with a -50.04% drop in the past month, and a -93.34% fall in the past quarter. The volatility ratio for the week is 17.18%, and the volatility levels for the past 30 days are at 25.01% for GMBL. The simple moving average for the past 20 days is -12.88% for GMBL’s stock, with a -96.86% simple moving average for the past 200 days.
Analysts’ Opinion of GMBL
Many brokerage firms have already submitted their reports for GMBL stocks, with ROTH Capital repeating the rating for GMBL by listing it as a “Buy.” The predicted price for GMBL in the upcoming period, according to ROTH Capital is $22 based on the research report published on November 02, 2021 of the previous year 2021.
GMBL Trading at -69.21% 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 -99.70% of loss for the given period.
Volatility was left at 25.01%, however, over the last 30 days, the volatility rate increased by 17.18%, as shares sank -45.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -88.81% lower at present.
During the last 5 trading sessions, GMBL rose by +2.37%, which changed the moving average for the period of 200-days by -98.94% in comparison to the 20-day moving average, which settled at $0.1327. In addition, Esports Entertainment Group Inc. saw -98.43% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for GMBL
Current profitability levels for the company are sitting at:
- -73.02 for the present operating margin
- +37.37 for the gross margin
The net margin for Esports Entertainment Group Inc. stands at -175.20. The total capital return value is set at -73.99, while invested capital returns managed to touch -258.69. Equity return is now at value 216.90, with -75.60 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 1.15, with the company’s debt to enterprise value settled at 0.71. The receivables turnover for the company is 17.12 and the total asset turnover is 0.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.15.
To sum up, Esports Entertainment Group Inc. (GMBL) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.