The stock of SharpLink Gaming Inc (SBET) has gone up by 5.34% for the week, with a 22.66% rise in the past month and a -5.42% drop in the past quarter. The volatility ratio for the week is 11.31%, and the volatility levels for the past 30 days are 19.25% for SBET. The simple moving average for the past 20 days is 10.37% for SBET’s stock, with a -8.39% simple moving average for the past 200 days.
Is It Worth Investing in SharpLink Gaming Inc (NASDAQ: SBET) Right Now?
Moreover, the 36-month beta value for SBET is 1.12. 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.”
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The public float for SBET is 2.98M and currently, short sellers hold a 2.84% of that float. On December 20, 2024, SBET’s average trading volume was 616.38K shares.
SBET) stock’s latest price update
The stock of SharpLink Gaming Inc (NASDAQ: SBET) has increased by 4.54 when compared to last closing price of 0.75. Despite this, the company has experienced a 5.34% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-19 that MINNEAPOLIS, Nov. 19, 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 that it will host its Annual General Meeting of Stockholders (the “Meeting”) on Monday, December 9, 2024 at 4:00 PM Central Time at SharpLink’s corporate headquarters, located at 333 Washington Avenue North, Suite 104, Minneapolis, Minnesota 55401, and thereafter as it may be adjourned or postponed from time to time.
SBET Trading at 11.09% 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 -63.99% of loss for the given period.
Volatility was left at 19.25%, however, over the last 30 days, the volatility rate increased by 11.31%, as shares surge +22.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.22% lower at present.
During the last 5 trading sessions, SBET rose by +5.41%, which changed the moving average for the period of 200-days by -40.49% in comparison to the 20-day moving average, which settled at $0.7113. In addition, SharpLink Gaming Inc saw -47.67% 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 0.99. When we switch over and look at the enterprise to sales, we see a ratio of -0.47. The receivables turnover for the company is -4.49for 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 mixed 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.
