Insider Buying: JOHNSON GRANT, Esports Entertainment Group Inc. [GMBL] Chief Executive Officer invested 50,000 shares

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Esports Entertainment Group Inc. shares valued at $18,835 were purchased by JOHNSON GRANT on May 26. At $0.38 per share, JOHNSON GRANT acquired 50,000 shares. The insider’s holdings grew to 3,403,334 shares worth approximately $1.63 million following the completion of this transaction.


Top 5 Cheap Stocks to Own Right Now

While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.

Sign up here to get your free report now. .

Sponsored


As published in their initiating research note from ROTH Capital on November 02, 2021, Esports Entertainment Group Inc. [GMBL] has been a Buy and the price target has been revised to $22. This represents a 97.82% premium over Wednesday’s closing price. Analysts at H.C. Wainwright started covering the stock with ‘”a Buy”‘ outlook in a report released in late April. As of March 29, 2021, The Benchmark Company has initiated its “Speculative buy” rating for GMBL. Earlier on March 29, 2021, The Benchmark Company initiated its rating. Their recommendation was “a Buy” for GMBL stock.

Analyzing GMBL’s Price Performance

On Wednesday, Esports Entertainment Group Inc. [NASDAQ: GMBL] rose 9.73% to $0.48. The stock’s lowest price that day was $0.438, but it reached a high of $0.519 in the same session. During the last five days, there has been a drop of approximately -4.08%. Over the course of the year, Esports Entertainment Group Inc. shares have dropped approximately -86.34%. Shares of the company reached a 52-week high of $4.2562 on 01/03/22 and a 52-week low of $0.3000 on 05/25/22. A 50-day SMA is recorded $0.4439, while a 200-day SMA reached $1.7011. Nevertheless, trading volume fell to 6.14 million shares from 0.3 million shares the previous day.

Support And Resistance Levels for Esports Entertainment Group Inc. (GMBL)

According to the 24-hour chart, there is a support level at 0.4387, which, if violated, would cause prices to drop to 0.3978. In the upper region, resistance lies at 0.5197. The next price resistance is at 0.5598. RSI (Relative Strength Index) is 51.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0503, which suggests the price will decrease in the coming days. Percent R is at 70.43%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Esports Entertainment Group Inc. subject to short interest?

Stocks of Esports Entertainment Group Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.22 million shares to 0.96 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 1.18 million shares. A decline of -22.45% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.16 of the overall float, the days-to-cover ratio (short ratio) decline to 3.16.

Which companies own the most shares of Esports Entertainment Group Inc. (GMBL)?

According to Renaissance Technologies LLC filings, the company currently owns 673,800 shares, which is about 1.65% of the total GMBL shares outstanding. The investor’s shares have plunged by -531,460 from its previous 13-F filing of 1205260.0 shares. With the completion of the buy transaction, Susquehanna Financial Group LLLP’s stake is now worth $146,561. A total of -119,727 shares of Esports Entertainment Group Inc. were bought by Two Sigma Investments LP during the quarter, and -40,462 were sold by BlackRock Fund Advisors. In its current portfolio, D. E. Shaw & Co. LP holds 114,449 shares valued at $44635.0.

In terms of Esports Entertainment Group Inc. share price expectations, FactSet research, analysts set an average price target of $1.05 in the next 12 months, up nearly 156.82% from the previous closing price of $0.44. Analysts anticipate Esports Entertainment Group Inc. stock to reach $1.50 by 2022, with the lowest price target being $0.45. In spite of this, 4 analysts ranked Esports Entertainment Group Inc. stock as an Overweight at the end of 2022. On March 25, 2021, Maxim Group assigned a price target of “a Buy” to the stock and initiated coverage with a $30.

LEAVE A REPLY

Please enter your comment!
Please enter your name here