SharpLink Gaming Inc (NASDAQ:SBET) price closed lower on Monday, June 09, and dropping -29.05% below its previous close.
A look at the daily price movement shows that the last close reads $41.48. Taking into account the 52-week price action we note that the stock hit a 52-week high of $124.12 and 52-week low of $2.26. The stock added 828.39% on its value in the past month.
SharpLink Gaming Inc, which has a market valuation of $1.75 billion, is expected to release its quarterly earnings report in July.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give SBET a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that SBET’s price is at present 10.17% off the SMA20 and 133.29% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 51.08, with weekly volatility standing at 24.68%. The indicator jumps to 48.39% when calculated based on the past 30 days. SharpLink Gaming Inc (NASDAQ:SBET)’s beta value is holding at 9.91, while the average true range (ATR) indicator is currently reading 14.19.
An analysis of the SharpLink Gaming Inc (NASDAQ:SBET) stock in terms of its daily trading volume indicates that the 3-month average is 1.90 million.
Current records show that the company has 59.43M in outstanding shares. The insiders’ percentage holdings are 30.24% of outstanding shares while the percentage share held by institutions stands at 0.02%. But the 280.70% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
