Genius Sports Limited (NYSE: GENI) Is A Hot Stock At The Moment

Genius Sports Limited (NYSE:GENI) traded at $6.57 at close of the session on current trade day and made a downward move of -3.81% on its previous day’s price.

Looking at the stock we see that its previous close was $6.83 with the day’s price range being $6.37 – $6.79. In terms of its 52-week price range, GENI has a high of $7.77 and a low of $4.62. The company’s stock has gained about 10.05% over that past 30 days.

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Genius Sports Limited has a market cap of $1.39 billion. Estimates by analysts give the company expected earnings per share (EPS) of -0.01, with the EPS growth for the year raised at -0.2 for current year and -0.2 for next year.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 118.9M, with a low of 116.83M and a high of 120M. The median projection represents growth squeezing down to 18.40% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 507.57M, or 22.90% up from figures reported last year.

Based on estimates by 5 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Genius Sports Limited (GENI) stock as a Hold, while 5 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 1.94% off its SMA20 and 13.44% from its 50-day simple moving average. The RSI (14) is pointing at 54.53 while the volatility over the past week is 8.21% and jumps to 5.99% over the past one month. The beta value is 1.93, while the average true range (ATR) is currently pointing at 0.39. The average price target for the stock over the next 12 months is $7.5, with the estimates having a low of $7 and a high of $9. These price ends are -6.54% and -36.99% off the current price level respectively, although investors could be excited at the prospect of a -14.16% if the GENI share price touches on the median price of $7.5.

Coming back to Genius Sports Limited (NYSE:GENI), we note that the average 3-month trading volume was 2.34 million, while that of the preceding 10-day period stands at 4.13 million. Current shares outstanding are 209.12 million.

The insiders hold 27.39% of the company’s shares while institutions hold 61.48%. The data shows that short shares as of 2024-07-15, stood at 9.31 million at a short ratio of 4.56. This represents a 601.00 short interest in shares outstanding on 2024-07-15. Shares short rose in July from the previous month at 9.09 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 6.31% up in year-to-date price movement.

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