Super League Gaming Inc. [NASDAQ: SLGG] loss -6.59% on the last trading session, reaching $6.38 price per share at the time. The company report on April 6, 2021 that SHAREHOLDER ALERT: WeissLaw LLP Reminds RMBL, STAY, GNMK, and SLGG Shareholders About Its Ongoing Investigations.
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Super League Gaming Inc. represents 23.12 million in outstanding shares, while the company has a total market value of $157.91 million with the latest information. SLGG stock price has been found in the range of $6.16 to $6.83.
If compared to the average trading volume of 10.38M shares, SLGG reached a trading volume of 1408025 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Super League Gaming Inc. [SLGG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SLGG shares is $6.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SLGG stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Maxim Group have made an estimate for Super League Gaming Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 01, 2021. The new note on the price target was released on February 09, 2021, representing the official price target for Super League Gaming Inc. stock. Previously, the target price had yet another raise to $4.50, while Alliance Global Partners analysts kept a Buy rating on SLGG stock.
The Average True Range (ATR) for Super League Gaming Inc. is set at 1.36, with the Price to Sales ratio for SLGG stock in the period of the last 12 months amounting to 75.19. The Price to Book ratio for the last quarter was 8.99, with the Price to Cash per share for the same quarter was set at 0.32.
Trading performance analysis for SLGG stock
Super League Gaming Inc. [SLGG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.73. With this latest performance, SLGG shares gained by 14.95% in over the last four-week period, additionally plugging by 241.18% over the last 6 months – not to mention a rise of 120.00% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SLGG stock in for the last two-week period is set at 47.92, with the RSI for the last a single of trading hit 42.39, and the three-weeks RSI is set at 50.66 for Super League Gaming Inc. [SLGG]. The present Moving Average for the last 50 days of trading for this stock 5.52, while it was recorded at 6.79 for the last single week of trading, and 3.08 for the last 200 days.
Super League Gaming Inc. [SLGG]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Super League Gaming Inc. [SLGG] shares currently have an operating margin of -888.08 and a Gross Margin at -7.75. Super League Gaming Inc.’s Net Margin is presently recorded at -907.56.
Return on Total Capital for SLGG is now -143.25, given the latest momentum, and Return on Invested Capital for the company is -146.40. Return on Equity for this stock declined to -153.65, with Return on Assets sitting at -131.80. When it comes to the capital structure of this company, Super League Gaming Inc. [SLGG] has a Total Debt to Total Equity ratio set at 11.04. Additionally, SLGG Total Debt to Total Capital is recorded at 9.94, with Total Debt to Total Assets ending up at 8.64. Long-Term Debt to Equity for the company is recorded at 11.04, with the Long-Term Debt to Total Capital now at 9.94.
Reflecting on the efficiency of the workforce at the company, Super League Gaming Inc. [SLGG] managed to generate an average of -$367,294 per employee. Receivables Turnover for the company is 4.69 with a Total Asset Turnover recorded at a value of 0.15.Super League Gaming Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.10 and a Current Ratio set at 5.10.
Super League Gaming Inc. [SLGG]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Super League Gaming Inc. posted -0.48/share EPS, while the average EPS was predicted by analysts to be reported at -0.34/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -41.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SLGG.
An analysis of insider ownership at Super League Gaming Inc. [SLGG]
There are presently around $5 million, or 3.90% of SLGG stock, in the hands of institutional investors. The top three institutional holders of SLGG stocks are: VANGUARD GROUP INC with ownership of 320,665, which is approximately 79.517% of the company’s market cap and around 12.48% of the total institutional ownership; MAI CAPITAL MANAGEMENT, holding 100,061 shares of the stock with an approximate value of $0.64 million in SLGG stocks shares; and GEODE CAPITAL MANAGEMENT, LLC, currently with $0.52 million in SLGG stock with ownership of nearly 83.075% of the company’s market capitalization.
Positions in Super League Gaming Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 12 institutional holders increased their position in Super League Gaming Inc. [NASDAQ:SLGG] by around 318,795 shares. Additionally, 7 investors decreased positions by around 238,033 shares, while 10 investors held positions by with 242,905 shares. The mentioned changes placed institutional holdings at 799,733 shares, according to the latest SEC report filing. SLGG stock had 6 new institutional investments in for a total of 134,325 shares, while 6 institutional investors sold positions of 186,113 shares during the same period.