The trading price of Elys Game Technology, Corp. (NASDAQ:ELYS) closed lower on Monday, Feb 22, closing at $6.9, 0% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $6.56 and $7.98. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 4.03. In examining the 52-week price action we see that the stock hit a 52-week high of $8.28 and a 52-week low of $1.09. Over the past month, the stock has gained 20.42% in value.
On the technical side, indicators suggest ELYS 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 ELYS a recommendation rating is 1. Out of them, no one rate it a Hold, while 1 recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged Elys Game Technology, Corp. (ELYS) 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 ELYs price is currently 22.2% off the SMA20 and 30.01% off the SMA50. The RSI metric on the 14-day chart is currently showing 64.26, and weekly volatility stands at 20.79%. When measured over the past 30 days, the indicator reaches 13.59%. Elys Game Technology, Corp. (NASDAQ:ELYS)’s beta value is currently sitting at 4.03, while the Average True Range indicator is currently displaying 0.8. With analysts defining $6.78-$6.78 as the low and high price targets, we arrive at a consensus price target of $6.78 for the trailing 12-month period. The current price is about -1.74% off the estimated low and -1.74% off the forecast high, based on this estimate. Investors will be thrilled if ELYs share price rises to $6.78, which is the median consensus price. At that level, ELYs share price would be -1.74% above current price.
To see how Elys Game Technology, Corp. stock has been performing in comparison to its peers in the industry, here are the numbers: ELYS stock’s performance was 0% in the latest trading, and +86.38% in the past year, while Las Vegas Sands (LVS) has traded +2.59% on the day and positioned -5.88% lower than it was a year ago. Another comparable company Draftkings Inc (DKNG) saw its stock close -0.89% lower in the most recent trading session but was up +256.17% in a year. Furthermore, Penn Natl Gaming Inc (PENN) showed a decline of 0% on the day while its price kept rising at 86.38% over the past year. Elys Game Technology, Corp. 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 -0.77%, while the Dow Jones Industrial also saw a positive session, up +0.09% on the day.
An evaluation of the daily trading volume of Elys Game Technology, Corp. (NASDAQ:ELYS) indicates that the 3-month average is 1.88 Million. However, this figure has increased over the past 10 days to an average of 2.49 Million.
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Currently, records show that 16.7 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 48.42% of outstanding shares, whereas institutions hold 0.8%. The stats also highlight that short interest as of January 28, 2021, stood at 378Million shares, resulting in a short ratio of 0.33 at that time. From this, we can conclude that short interest is 2.26% of the company’s total outstanding shares. It is noteworthy that short shares in January were up slightly from the previous month’s figure, which was 358.28 Million. However, since the stock’s price has seen +16.95% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.