Genius Sports Limited (NYSE:GENI) price on Wednesday, August 25, rose 4.13% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $19.16.
A look at the stock’s price movement, the close in the last trading session was $18.40, moving within a range at $18.21 and $19.24. Turning to its 52-week performance, $25.18 and $9.80 were the 52-week high and 52-week low respectively. Overall, GENI moved 18.05% over the past month.
Genius Sports Limited’s market cap currently stands at around $3.62 billion, with investors looking forward to this quarter’s earnings report slated for Sep 08, 2021. Analysts project the company’s earnings per share (EPS) to be -$0.25, which has seen fiscal year 2021 EPS growth forecast to increase to -$0.52 and about -$0.03 for fiscal year 2022.
Analysts have a consensus estimate of $53.75 million for the company’s revenue for the quarter, with a low and high estimate of $53.46 million and $54.1 million respectively.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s).
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 6 recommend GENI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
GENI’s current price about 10.03% and 9.61% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 60.81, while 7-day volatility ratio is 4.29% and 5.12% in the 30-day chart. Further, Genius Sports Limited (GENI) has a beta value of 0, and an average true range (ATR) of 0.92. Analysts have given the company’s stock an average 52-week price target of $30.33, forecast between a low of $28.00 and high of $33.00. Looking at the price targets, the low is -46.14% off current price level while to achieve the yearly target high, price needs to move -72.23%. Nonetheless, investors will most likely welcome a -59.19% jump to $30.50 which is the analysts’ median price.
In the market, a comparison of Genius Sports Limited (GENI) and its peers suggest the former has performed considerably stronger. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.22% and 0.11% respectively in the last trading.
If we refocus on Genius Sports Limited (NYSE:GENI), historical trading data shows that trading volumes averaged 1.68 million over the past 3 months. The company’s latest data on shares outstanding shows there are 191.51 million shares.
The 19.25% of Genius Sports Limited’s shares are in the hands of company insiders while institutional holders own 44.70% of the company’s shares. Current price change has pushed the stock 8.93% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GENI stock continues to rise going into the next quarter.