International Assets Investment M recently announced the acquisition of new stake in Esports Entertainment Group Inc. (NASDAQ:GMBL). This fresh investment now brings its stake to 0.10% valued currently at $4659.0. In addition, The Vanguard Group, Inc. raised its holdings by 200.0 to 21956.0 shares.
With over 8.28 million Esports Entertainment Group Inc. (GMBL) shares trading Monday and a closing price of $0.11 on the day, the dollar volume was approximately $0.91 million. The shares have shown a negative half year performance of -94.04% and its price on 09/18/23 lost nearly -6.67%. Currently, there are 42.70M common shares owned by the public and among those 42.67M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for GMBL have a consensus price objective of $2.00. The analysts have set the share’s price value over the next 12 months at a high of $2.00 and a low of $2.00. The average price target is 94.5% above its recent price level and an upside to the estimated low will see the stock gain 94.5% over that period. But an upside of 94.5% will see the stock hit the forecast high price target while median target price for the stock is $2.00.
Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Esports Entertainment Group Inc. are Vanguard Extended Market Index Fu, Fidelity Extended Market Index Fu, and Fidelity Total Market Index Fund. Vanguard Extended Market Index Fu owns 21956.0 shares of the company’s stock, all valued at over $2832.0. Fidelity Total Market Index Fund now owns shares totaling to 0.00% of the shares outstanding.
Shares of Esports Entertainment Group Inc. (NASDAQ: GMBL) opened at $0.1125, down -$0.01 from a prior closing price of $0.12. However, the script later moved the day high at 0.1155, down -6.67%. The company’s stock has a 5-day price change of -7.28% and -93.29% over the past three months. GMBL shares are trading -98.54% year to date (YTD), with the 12-month market performance down to -99.66% lower. It has a 12-month low price of $0.10 and touched a high of $23.80 over the same period. GMBL has an average intraday trading volume of 7.10 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -15.71%, -69.81%, and -97.02% respectively.
Institutional ownership of Esports Entertainment Group Inc. (NASDAQ: GMBL) shares accounts for 7.40% of the company’s 42.70M shares outstanding. Mutual fund holders own 0.06%, while other institutional holders and individual stakeholders account for 0.11% and — respectively.
It has a market capitalization of $4.85M and a beta (3y monthly) value of 1.39. The earnings-per-share (ttm) stands at -$45.27. Price movements for the stock have been influenced by the stock’s volatility, which stands at 17.12% over the week and 20.50% over the month.
Analysts forecast that Esports Entertainment Group Inc. (GMBL) will achieve an EPS of -$2.92 for the current quarter, $0 for the next quarter and -$1.91 for 2024. The lowest estimate earnings-per-share for the quarter is -$2.92 while analysts give the company a high EPS estimate of -$2.92. Comparatively, EPS for the current quarter was -$14 a year ago. Earnings per share for the fiscal year are expected to decrease by -112.40%, and 92.80% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Esports Entertainment Group Inc. (GMBL) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the GMBL, a number of firms have released research notes about the stock. ROTH Capital stated their Buy rating for the stock in a research note on November 02, 2021, with the firm’s price target at $22.