The trading price of Esports Entertainment Group, Inc. (NASDAQ:GMBL) closed higher on Friday, Feb 19, closing at $16.2, 4.14% higher than its previous close.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

Traders who pay close attention to intraday price movement should know that it fluctuated between $15.56 and $18.24. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 1.27. In examining the 52-week price action we see that the stock hit a 52-week high of $20.74 and a 52-week low of $2.4. Over the past month, the stock has gained 114.9% in value.

On the technical side, indicators suggest GMBL has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned GMBL a recommendation rating is 2. Out of them, no one rate it a Hold, while 2 recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged Esports Entertainment Group, Inc. (GMBL) as Underperform, while not any of them advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0, which symbolizes a positive outlook. A quick review shows that GMBL’s price is currently 53.79% off the SMA20 and 101.96% off the SMA50. The RSI metric on the 14-day chart is currently showing 68.92, and weekly volatility stands at 16.6%. When measured over the past 30 days, the indicator reaches 18.41%. Esports Entertainment Group, Inc. (NASDAQ:GMBL)’s beta value is currently sitting at 1.27, while the Average True Range indicator is currently displaying 2.16. With analysts defining $20-$20 as the low and high price targets, we arrive at a consensus price target of $20 for the trailing 12-month period. The current price is about 18.55% off the estimated low and 18.55% off the forecast high, based on this estimate. Investors will be thrilled if GMBL’s share price rises to $20, which is the median consensus price. At that level, GMBL’s share price would be +18.55% above current price.

To see how Esports Entertainment Group, Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: GMBL stock’s performance was +4.14% in the latest trading, and 0% in the past year, while Las Vegas Sands (LVS) has traded +3.33% on the day and positioned -10.77% lower than it was a year ago. Another comparable company Draftkings Inc (DKNG) saw its stock close 4.51% higher in the most recent trading session but was up +245.1% in a year. Furthermore, Penn Natl Gaming Inc (PENN) showed an increase of 4.14% on the day while its price kept declining at 0% over the past year. Esports Entertainment Group, Inc. has a P/E ratio of 0, compared to Las Vegas Sands 0 and Draftkings Inc’s 0. Also in last trading session, the S&P 500 Index has soared -0.19%, while the Dow Jones Industrial also saw a negative seesion, down 0% on the day.

An evaluation of the daily trading volume of Esports Entertainment Group, Inc. (NASDAQ:GMBL) indicates that the 3-month average is 935.57 Million. However, this figure has declined over the past 10 days to an average of 2.69 Million.


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

Currently, records show that 17.33 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 35.1% of outstanding shares, whereas institutions hold 1.09%. The stats also highlight that short interest as of January 28, 2021, stood at 122.53 Million shares, resulting in a short ratio of 0.26 at that time. From this, we can conclude that short interest is 0.86% of the company’s total outstanding shares. It is noteworthy that short shares in January were down slightly from the previous month’s figure, which was 274.84 Million. However, since the stock’s price has seen +165.67% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

LEAVE A REPLY

Please enter your comment!
Please enter your name here