The price of EBET Inc. (NASDAQ:EBET) shares last traded on Wall Street fell -14.57% to $0.03.
Based on available information, 1 analysts follow EBET Inc. (NASDAQ:EBET). 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 $0.04, this indicates a potential upside of 7400.0 percent. EBET stock price is now -72.88% away from the 50-day moving average and -92.24% away from the 200-day moving average. The market capitalization of the company currently stands at $4.76M.
Among analysts, 0 rate the stock a hold while 1 rate it a buy. 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).
In other news, Speach Aaron, CEO bought 18,611 shares of the company’s stock on Feb 22. The stock was bought for $10,050 at an average price of $0.54. Upon completion of the transaction, the CEO now directly owns 743,611 shares in the company, valued at $22308.33. 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 NEWGEN ASSET MANAGEMENT LTD during the first quarter worth $30,000. CIBC WORLD MARKET INC. invested $20,000 in shares of EBET during the first quarter. In the first quarter, VIRTU FINANCIAL LLC acquired a new stake in EBET Inc. valued at approximately $4,000. HRT FINANCIAL LP acquired a new stake in EBET for approximately $3,000. MEITAV INVESTMENT HOUSE LTD purchased a new stake in EBET valued at around $1,000 in the second quarter. In total, there are 29 active investors with 7.10% ownership of the company’s stock.
A candlestick chart of EBET Inc. (NASDAQ: EBET) showed a price of $0.0405 on Monday morning. During the past 12 months, EBET Inc. has had a low of $0.03 and a high of $2.66. As of last week, the company has a debt-to-equity ratio of 1.29, a current ratio of 0.20, and a quick ratio of 0.20. The fifty day moving average price for EBET is $0.1217 and a two-hundred day moving average price translates $0.4344 for the stock.
The latest earnings results from EBET Inc. (NASDAQ: EBET) was released for Jun, 2023. 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 -$0.83 EPS in the same period last year. The net profit margin was -65.50% and return on equity was -153.10% for EBET. The company reported revenue of $11.58 million for the quarter, compared to $19.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -39.06 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 casino, sportsbook, and esports events. 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 i-gaming, which include digital versions of wagering games in land-based casinos, such as blackjack, roulette, and slot machines, as well as online betting services. In addition, the company offers online gaming platform and managed services, including customer service, customer on-boarding, and payment processing ensuring operational stability and continuity. 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.
