The price of FaZe Holdings Inc (NASDAQ:FAZE) shares last traded on Wall Street fell -13.28% to $0.17.
FAZE stock price is now -43.24% away from the 50-day moving average and -75.51% away from the 200-day moving average. The market capitalization of the company currently stands at $12.71M.
In other news, Brandt Tamara Sue, Chief Legal Officer sold 12,839 shares of the company’s stock on Dec 21. The stock was sold for $23,868 at an average price of $1.86. Upon completion of the transaction, the Chief Legal Officer now directly owns 478,598 shares in the company, valued at $81361.66. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 20, Chief Legal Officer Brandt Tamara Sue sold 20,000 shares of the business’s stock. A total of $37,380 was realized by selling the stock at an average price of $1.87. This leaves the insider owning 491,437 shares of the company worth $83544.29. Insiders disposed of 4,372,500 shares of company stock worth roughly $0.74 million over the past 1 year. A total of 24.68% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FAZE stock. A new stake in FaZe Holdings Inc shares was purchased by LEWIN NICK during the first quarter worth $2,842,000. B. RILEY SECURITIES, INC. invested $1,842,000 in shares of FAZE during the first quarter. In the first quarter, SUMMIT TRAIL ADVISORS, LLC acquired a new stake in FaZe Holdings Inc valued at approximately $14,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP acquired a new stake in FAZE for approximately $5,000. REGENTATLANTIC CAPITAL LLC purchased a new stake in FAZE valued at around $2,000 in the second quarter. In total, there are 51 active investors with 22.79% ownership of the company’s stock.
A candlestick chart of FaZe Holdings Inc (NASDAQ: FAZE) showed a price of $0.1800 on Tuesday morning. During the past 12 months, FaZe Holdings Inc has had a low of $0.15 and a high of $14.97. As of last week, the company has a debt-to-equity ratio of 0.07, a current ratio of 2.41, and a quick ratio of 2.41. The fifty day moving average price for FAZE is $0.2884 and a two-hundred day moving average price translates $0.6703 for the stock.
The latest earnings results from FaZe Holdings Inc (NASDAQ: FAZE) was released for Jun, 2023. The net profit margin was -298.51% and return on equity was -183.24% for FAZE. The company reported revenue of $11.69 million for the quarter, compared to $18.8 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -37.84 percent.
FaZe Holdings Inc(FAZE) Company Profile
FaZe Holdings Inc. operates lifestyle and media platform in gaming and youth culture. The company produces content, designs merchandise and consumer products, and creates advertising and sponsorship programs for brands reaching approximately 528 million fans across social platforms. It designs and sells merchandise, apparels, and consumer products under the FaZe brand, as well as through website, www.fazeclan.com. The company offers FaZe platform provides brands and advertisers with the ability to reach and engage with young and engaged audience base. FaZe Holdings Inc. was founded in 2010 and is headquartered in Los Angeles, California.
