Super League Enterprise Inc (NASDAQ:SLE) price on Thursday, June 12, fall -6.29% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.12.
A look at the stock’s price movement, the close in the last trading session was $0.13. Turning to its 52-week performance, $1.64 and $0.12 were the 52-week high and 52-week low respectively. Overall, SLE moved -20.53% over the past month.
Super League Enterprise Inc’s market cap currently stands at around $3.92 million, with investors looking forward to this quarter’s earnings report slated for in July.
Analysts have a consensus estimate of 2.6M for the company’s revenue for the quarter, with a low and high estimate of 2M and 3.2M respectively. The average forecast suggests down to a -36.83% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 15.15M, representing a -6.35% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SLE is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
3 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, 3 recommend SLE 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.
SLE’s current price about -25.10% and -46.57% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.04, while 7-day volatility ratio is 2.83% and 12.81% in the 30-day chart. Further, Super League Enterprise Inc (SLE) has a beta value of 1.83, and an average true range (ATR) of 0.04. Analysts have given the company’s stock an average 52-week price target of $3, forecast between a low of $3 and high of $3. Looking at the price targets, the low is -2400.0% off current price level while to achieve the yearly target high, price needs to move -2400.0%. Nonetheless, investors will most likely welcome a -2400.0% jump to $3 which is the analysts’ median price.
If we refocus on Super League Enterprise Inc (NASDAQ:SLE), historical trading data shows that trading volumes averaged 4.87 million over the past 3 months. The company’s latest data on shares outstanding shows there are 32.82 million shares.
The 23.56% of Super League Enterprise Inc’s shares are in the hands of company insiders while institutional holders own 1.41% of the company’s shares. Current price change has pushed the stock -80.70% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SLE stock continues to rise going into the next quarter.
