Moreover, the 36-month beta value for SBET is 1.19. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SBET is 2.97M and currently, short sellers hold a 0.63% of that float. On November 18, 2024, SBET’s average trading volume was 118.95K shares.
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SBET) stock’s latest price update
The stock of SharpLink Gaming Inc (NASDAQ: SBET) has increased by 6.61 when compared to last closing price of 0.63.Despite this, the company has seen a loss of -7.51% in its stock price over the last five trading days. globenewswire.com reported 2024-11-15 that MINNEAPOLIS, Nov. 15, 2024 (GLOBE NEWSWIRE) — SharpLink Gaming, Inc. (Nasdaq: SBET) (“SharpLink” or the “Company”), an online performance-based marketing company serving the U.S. sports betting and iGaming industries, today announced its financial results for the three and nine months ended September 30, 2024.
SBET’s Market Performance
SBET’s stock has fallen by -7.51% in the past week, with a monthly drop of -10.78% and a quarterly drop of -6.23%. The volatility ratio for the week is 13.53% while the volatility levels for the last 30 days are 16.20% for SharpLink Gaming Inc The simple moving average for the past 20 days is -2.17% for SBET’s stock, with a -27.36% simple moving average for the past 200 days.
SBET Trading at -6.60% from the 50-Day Moving Average
After a stumble in the market that brought SBET to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -69.03% of loss for the given period.
Volatility was left at 16.20%, however, over the last 30 days, the volatility rate increased by 13.53%, as shares sank -16.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.91% upper at present.
During the last 5 trading sessions, SBET fell by -7.51%, which changed the moving average for the period of 200-days by -45.55% in comparison to the 20-day moving average, which settled at $0.6901. In addition, SharpLink Gaming Inc saw -54.99% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SBET
Current profitability levels for the company are sitting at:
- 2.35 for the present operating margin
- 3.42 for the gross margin
The net margin for SharpLink Gaming Inc stands at 3.87. The total capital return value is set at -2.48.
Currently, EBITDA for the company is -6.19 million with net debt to EBITDA at 0.98. When we switch over and look at the enterprise to sales, we see a ratio of -0.27. The receivables turnover for the company is -4.65for trailing twelve months and the total asset turnover is -0.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.24.
Conclusion
To wrap up, the performance of SharpLink Gaming Inc (SBET) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
