A Guide To The Risks Of Investing In Esports Entertainment Group Inc. (GMBL)


Esports Entertainment Group Inc.’s filing revealed that its Chief Executive Officer JOHNSON GRANT acquired Company’s shares for reported $18835.0 on May 26. In the deal valued at $0.38 per share,50,000 shares were bought. As a result of this transaction, JOHNSON GRANT now holds 3,403,334 shares worth roughly $ 0.44 million.

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ROTH Capital initiated its Esports Entertainment Group Inc. [GMBL] rating to a Buy in a research note published on Friday, November 02, 2021; the price target was $22. PT values the company’s stock at a premium of 99.41 to its Friday closing price. A number of analysts have revised their coverage, including H.C. Wainwright’s analysts, who began to cover the stock in late April with a ‘”a Buy”‘ rating. The Benchmark Company began covering GMBL with “Speculative buy” recommendation on March 29, 2021. The Benchmark Company started covering the stock on March 29, 2021. It rated GMBL as “a Buy”.

Price Performance Review of GMBL

On Friday, Esports Entertainment Group Inc. [NASDAQ:GMBL] saw its stock jump 4.80% to $0.13. On the same session, the stock had its day’s lowest price of $0.124, but rose to a high of $0.136. Over the last five days, the stock has lost -7.42%. Esports Entertainment Group Inc. shares have fallen nearly -96.27% since the year began. Nevertheless, the stocks have fallen -98.00% over the past one year. While a 52-week high of $6.89 was reached on 01/03/22, a 52-week low of $0.11 was recorded on 10/13/22. SMA at 50 days reached $0.2201, while 200 days put it at $0.7429. A total of 1.44 million shares were traded, compared to the trading of 1.08 million shares in the previous session.

Levels Of Support And Resistance For GMBL Stock

The 24-hour chart illustrates a support level at 0.1247, which if violated will result in even more drops to 0.1183. On the upside, there is a resistance level at 0.1367. A further resistance level may holdings at 0.1423. The Relative Strength Index (RSI) on the 14-day chart is 37.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0092, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.47%. Stochastics %K at 20.73% indicates the stock is a holding.

How much short interest is there in Esports Entertainment Group Inc.?

A steep rise in short interest was recorded in Esports Entertainment Group Inc. stocks on Jul 14, 2022, dropping by -0.22 million shares to a total of 0.96 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 1.18 million shares. There was a decline of -22.45%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.58% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.16.

Esports Entertainment Group Inc. [GMBL] – Who Are The Largest Shareholders?

In filings from Renaissance Technologies LLC, it is revealed that the company now owns 673,800 shares, or roughly 0.95% of the outstanding GMBL shares. In other words, the investor’s shares have fallen by -531,460 from its previous 13-F filing of 1205260.0. Additionally, Susquehanna Financial Group LLLP increased 13.67% of its stake after which the total value it holdings stand at $46,223. Over the last quarter, Geode Capital Management LLC purchased 18,296 shares of Esports Entertainment Group Inc., while Two Sigma Investments LP bought -119,727 shares. At present, BlackRock Fund Advisors is holding 171,849 shares valued at $21137.0. D. E. Shaw & Co. LP owned 114,449 shares of the company at the time of its most recent 13F filing, worth $14077.0.

According to FactSet, Esports Entertainment Group Inc.’s share price will average $0.30 in the next year, based on opinions of analysts polled by the firm. This is up nearly 150.0 percent from its previous closing price of $0.12. Analysts expect Esports Entertainment Group Inc. stock to reach the higher price of $0.45, while the lowest price estimate is $0.15. However, 3 analysts have rated GMBL stock as a Hold in their predictions for 2022. The most recent change occurred on March 25, 2021 when Maxim Group began covering the stock and recommended ‘”a Buy”‘ rating along with a $30 price target.


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