The stock of SharpLink Gaming Inc (SBET) has seen a -27.16% decrease in the past week, with a -41.46% drop in the past month, and a -38.20% decrease in the past quarter. The volatility ratio for the week is 14.17%, and the volatility levels for the past 30 days are at 13.37% for SBET. The simple moving average for the past 20 days is -30.53% for SBET’s stock, with a -40.29% simple moving average for the past 200 days.
Is It Worth Investing in SharpLink Gaming Inc (NASDAQ: SBET) Right Now?
Company’s 36-month beta value is 1.17.Analysts have differing 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 2.85M, and currently, short sellers hold a 1.80% ratio of that floaft. The average trading volume of SBET on January 15, 2025 was 694.46K shares.
SBET) stock’s latest price update
SharpLink Gaming Inc (NASDAQ: SBET) has experienced a decline in its stock price by -17.10 compared to its previous closing price of 0.58. However, the company has seen a fall of -27.16% in its stock price over the last five trading days. 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 -29.18% 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 -77.98% of loss for the given period.
Volatility was left at 13.37%, however, over the last 30 days, the volatility rate increased by 14.17%, as shares sank -32.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.33% lower at present.
During the last 5 trading sessions, SBET fell by -27.16%, which changed the moving average for the period of 200-days by -67.35% in comparison to the 20-day moving average, which settled at $0.6909. In addition, SharpLink Gaming Inc saw -25.49% 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 0.06. 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
In a nutshell, SharpLink Gaming Inc (SBET) has experienced a bad performance in recent times. The stock has received mixed “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.
