Esports Entertainment Group Inc. Stock Dropped 10.53% In A Single Month

During the last session, Esports Entertainment Group Inc. (GMBL)’s traded shares were 0.59 million, with the beta value of the company hitting 0.93. At the end of the trading day, the stock’s price was $0.71, reflecting an intraday loss of -1.41% or -$0.01. The 52-week high for the GMBL share is $17.97, which puts it down -2430.99 from that peak though still a striking 15.49% gain since the share price plummeted to a 52-week low of $0.60. The company’s market capitalization is $29.60 million, and the average trade volume was 1.42 million shares over the past three months.

Esports Entertainment Group Inc. registered a -1.41% downside in the last session and has traded in the red over the past five sessions. The stock’s five-day price performance is -5.47%, and it has moved by -10.53% in 30 days. Based on these gigs, the overall price performance for the year is -95.57%.

The consensus price target of analysts on Wall Street is $3.48, which implies an increase of 79.6% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.40 and $6.00 respectively. As a result, GMBL is trading at a discount of -745.07% off the target high and -97.18% off the low.

Statistics show that Esports Entertainment Group Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Esports Entertainment Group Inc. shares have gone down -89.53% during the last six months, with a year-to-date growth rate less than the industry average at -73.73% against 10.60. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 47.40% this quarter and then jump 67.10% in the quarter after that. In the rating firms’ projections, revenue will increase 491.20% compared to the previous financial year.

Revenue for the current quarter is expected to be $21.31 million as predicted by five analysts, while earnings are projected to return -11.50% in 2022.

(All information was provided by Marketing Sentinel)

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