Genius Sports Limited (NYSE:GENI) shares, rose in value on Wednesday, 08/03/22, with the stock price up by 2.79% to the previous day’s close as strong demand from buyers drove the stock to $3.32.
Actively observing the price movement in the last trading, the stock closed the session at $3.23, falling within a range of $3.27 and $3.50. Referring to stock’s 52-week performance, its high was $24.14, and the low was $2.20. On the whole, GENI has fluctuated by 25.76% over the past month.
With the market capitalization of Genius Sports Limited currently standing at about $653.74 million, investors are eagerly awaiting this quarter’s results, scheduled for Nov 23, 2021. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.09, which is expected to increase to -$0.05 for fiscal year -$0.48 and then to about -$0.33 by fiscal year 2023. Data indicates that the EPS growth is expected to be 87.80% in 2023, while the next year’s EPS growth is forecast to be 31.20%.
Analysts have estimated the company’s revenue for the quarter at $65.26 million, with a low estimate of $63.92 million and a high estimate of $67.9 million. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $341.66 million, representing an increase of 30.00% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that GENI’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of GENI currently trading nearly 30.61% and 22.18% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 68.92, while the 7-day volatility ratio is showing 12.06% which for the 30-day chart, stands at 7.65%. Furthermore, Genius Sports Limited (GENI)’s average true range (ATR) is 0.23.
Data on historical trading for Genius Sports Limited (NYSE:GENI) indicates that the trading volumes over the past 10 days have averaged 1.41 million and over the past 3 months, they’ve averaged 1.83 million. According to company’s latest data on outstanding shares, there are 192.58 million shares outstanding.
Nearly 45.71% of Genius Sports Limited’s shares belong to company insiders and institutional investors own 39.40% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.2 million shares as on Jul 14, 2022, resulting in a short ratio of 3.12. According to the data, the short interest in Genius Sports Limited (GENI) stood at 2.04% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 4.29 million. The stock has fallen by -56.32% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GENI stock heading into the next quarter.