Esports Entertainment Group Inc (NASDAQ:GMBL): A Fundamentally Weighted Stock for Long-Term Investors

The stock of Esports Entertainment Group Inc (NASDAQ:GMBL) last traded at $0.04, down -11.82% from the previous session.

As we calculate the median target price by taking the range between a high of $2.00 and a low of $2.00, we find $2.00. Given the previous closing price of $0.04, this indicates a potential upside of 4900.0 percent. GMBL stock price is now -55.91% away from the 50-day moving average and -97.86% away from the 200-day moving average. The market capitalization of the company currently stands at $2.95M.

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Brokers who have rated the stock have averaged $2.00 as their price target over the next twelve months.

With the price target of $22, ROTH Capital recently initiated with Buy rating for Esports Entertainment Group Inc (NASDAQ: GMBL).

A total of 0.05% of the company’s stock is owned by insiders.

With an opening price of $0.0403 on Wednesday morning, Esports Entertainment Group Inc (NASDAQ: GMBL) set off the trading day. During the past 12 months, Esports Entertainment Group Inc has had a low of $0.04 and a high of $23.80. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 0.46, and a quick ratio of 0.46. The fifty day moving average price for GMBL is $0.0848 and a two-hundred day moving average price translates $1.7418 for the stock.

The latest earnings results from Esports Entertainment Group Inc (NASDAQ: GMBL) was released for Jun, 2023. According to the Gambling Company, earnings per share came in at -$0.76, beating analysts’ expectations of -$2.92 by 2.16. This compares to $10.69 EPS in the same period last year. The net profit margin was -146.44% and return on equity was -712.70% for GMBL. The company reported revenue of $2.77 million for the quarter, compared to $11.71 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -76.31 percent. For the current quarter, analysts expect GMBL to generate $13M in revenue.

Esports Entertainment Group Inc(GMBL) Company Profile

Esports Entertainment Group, Inc. operates as an iGaming and entertainment company in the United States and internationally. It operates through two segments, EEG iGaming and EEG Games. The EEG iGaming segment operates iDefix, a casino platform. The EEG Games segment operates ggCircuit, a local area network center management software and services for managing mission critical functions, such as game licensing and payments; and creates esports content for distribution to the betting industry. The company was formerly known as VGambling, Inc. and changed its name to Esports Entertainment Group, Inc. in May 2017. Esports Entertainment Group, Inc. is based in St. Julian’s, Malta.

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