GameSquare Holdings Inc (NASDAQ:GAME) shares, rose in value, with the stock price up by 11.25% to the previous day’s close as strong demand from buyers drove the stock to $0.92.
Actively observing the price movement in the last trading, the stock closed the session at $0.83. Referring to stock’s 52-week performance, its high was $1.43, and the low was $0.50. On the whole, GAME has fluctuated by 22.76% over the past month.
With the market capitalization of GameSquare Holdings Inc currently standing at about $35.73 million, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GAME’s technical picture suggests that short-term indicators denote the stock is a Hold 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 50% Buy.
The stock’s technical analysis shows that the price of GAME currently trading nearly 28.04% and 32.73% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 72.40, while the 7-day volatility ratio is showing 4.54% which for the 30-day chart, stands at 5.06%. Furthermore, GameSquare Holdings Inc (GAME)’s beta value is 0.88, and its average true range (ATR) is 0.07.
A comparison of GameSquare Holdings Inc (GAME) with its peers suggests the former has fared considerably weaker in the market. GAME showed an intraday change of 11.25% in last session, and over the past year, it shrunk by -30.42%%.
Data on historical trading for GameSquare Holdings Inc (NASDAQ:GAME) indicates that the trading volumes over the past 3 months, they’ve averaged 308.36K. According to company’s latest data on outstanding shares, there are 38.83 million shares outstanding.
Nearly 47.66% of GameSquare Holdings Inc’s shares belong to company insiders and institutional investors own 26.74% of the company’s shares. The stock has risen by 11.30% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GAME stock heading into the next quarter.
