A new trading day began on November 20, 2023, with Esports Entertainment Group Inc (NASDAQ: GMBL) stock priced at $0.0314, up 2.68% from the previous day of trading. During the day, the shares moved up to $0.0317 and dropped to $0.0294 before settling in for the closing price of $0.03. GMBL’s price has ranged from $0.03 to $23.80 over the past 52 weeks.
During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 37.40%. With a float of $90.39 million, this company’s outstanding shares have now reached $90.76 million.
Let’s determine the extent of company efficiency that accounts for 111 employees. In terms of profitability, gross margin is +33.34, operating margin of -89.85, and the pretax margin is -140.58.
Esports Entertainment Group Inc (GMBL) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Gambling Industry. The insider ownership of Esports Entertainment Group Inc is 0.41%, while institutional ownership is 0.45%.
Esports Entertainment Group Inc (GMBL) Recent Fiscal highlights
In its latest quarterly report, released on 6/29/2023, the company reported earnings of -$0.76 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of -140.58 while generating a return on equity of -712.70. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
Esports Entertainment Group Inc (NASDAQ: GMBL) Trading Performance Indicators
Here are Esports Entertainment Group Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.46. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.12.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -35.72
Technical Analysis of Esports Entertainment Group Inc (GMBL)
Looking closely at Esports Entertainment Group Inc (NASDAQ: GMBL), its last 5-days average volume was 28.42 million, which is a jump from its year-to-date volume of 4.55 million. As of the previous 9 days, the stock’s Stochastic %D was 2.86%. Additionally, its Average True Range was 0.01.
During the past 100 days, Esports Entertainment Group Inc’s (GMBL) raw stochastic average was set at 0.12%, which indicates a significant decrease from 4.15% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 80.02% in the past 14 days, which was lower than the 123.01% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.0778, while its 200-day Moving Average is $1.5136. However, in the short run, Esports Entertainment Group Inc’s stock first resistance to watch stands at $0.0317. Second resistance stands at $0.0329. The third major resistance level sits at $0.0340. If the price goes on to break the first support level at $0.0294, it is likely to go to the next support level at $0.0283. Now, if the price goes above the second support level, the third support stands at $0.0271.
Esports Entertainment Group Inc (NASDAQ: GMBL) Key Stats
With a market capitalization of 2.78 million, the company has a total of 67,329K Shares Outstanding. Currently, annual sales are 22,970 K while annual income is -32,290 K. The company’s previous quarter sales were 2,780 K while its latest quarter income was -790 K.