The stock of EBET Inc. (NASDAQ:EBET) last traded at $0.69, up 13.10% from the previous session.
Data from the available sources indicates that EBET Inc. (NASDAQ:EBET) is covered by 1 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $3.00 and a low of $3.00, we find $3.00. Given the previous closing price of $0.61, this indicates a potential upside of 391.8 percent. EBET stock price is now 10.11% away from the 50-day moving average and -66.27% away from the 200-day moving average. The market capitalization of the company currently stands at $12.04M.
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In total, 0 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $3.00 as their price target over the next twelve months.
With the price target of $18, Needham recently initiated with Buy rating for EBET Inc. (NASDAQ: EBET).
A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EBET stock. A new stake in EBET Inc. shares was purchased by CREATIVE PLANNING during the first quarter worth $68,000. RENAISSANCE TECHNOLOGIES LLC invested $13,000 in shares of EBET during the first quarter. In the first quarter, NORTHERN TRUST CORP acquired a new stake in EBET Inc. valued at approximately $10,000. AMALGAMATED FINANCIAL CORP. acquired a new stake in EBET for approximately $1,000. In total, there are 47 active investors with 7.10% ownership of the company’s stock.
With an opening price of $0.6100 on Tuesday morning, EBET Inc. (NASDAQ: EBET) set off the trading day. During the past 12 months, EBET Inc. has had a low of $0.41 and a high of $12.95. As of last week, the company has a debt-to-equity ratio of 1.48, a current ratio of 0.30, and a quick ratio of 0.30. The fifty day moving average price for EBET is $0.6266 and a two-hundred day moving average price translates $2.0456 for the stock.
The latest earnings results from EBET Inc. (NASDAQ: EBET) was released for Jun, 2022. According to the Gambling Company, earnings per share came in at -$0.7, beating analysts’ expectations of -$0.8 by 0.1. This compares to -$0.36 EPS in the same period last year. The net profit margin was -78.80% and return on equity was -126.70% for EBET. The company reported revenue of $14.29 million for the quarter, compared to $79000.0 a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17983.54 percent. For the current quarter, analysts expect EBET to generate $17.8M in revenue.
EBET Inc.(EBET) Company Profile
EBET, Inc. develops products and operates platforms to provide a real money online gambling experience focused on esports and competitive gaming. The company operates a portfolio of proprietary online casino and sportsbook brands consisting of Karamba, Hopa, Griffon Casino, BetTarget, Dansk777, and GenerationVIP. It also provides iGaming, which include online casino and table games, such as blackjack, virtual sport computer simulated games, and slot machines, as well as traditional sports betting. The company was formerly known as Esports Technologies, Inc. and changed its name to EBET, Inc. in May 2022. EBET, Inc. was incorporated in 2020 and is based in Las Vegas, Nevada.
