For Genius Sports Limited [GENI], Analyst sees a rise to $28. What next?

Genius Sports Limited [NYSE: GENI] plunged by -$0.18 during the normal trading session on Thursday and reaching a high of $16.00 during the day while it closed the day at $15.56. The company report on July 15, 2021 that Genius Sports Announces Strategic Partnership With MEDIAPRO Canada to Accelerate the Growth of Canadian Soccer.

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Genius Sports announces strategic partnership with MEDIAPRO Canada, to grow Canadian soccer fan engagement.

Strategic partnership will further strengthen both Genius Sports and MEDIAPRO’s existing relationships with Canadian Soccer Business.

Genius Sports Limited stock has also loss -16.07% of its value over the past 7 days. However, GENI stock has declined by -19.71% in the 3 months of the year. Over the past six months meanwhile, it has lost -2.26% and lost -11.54% year-on date.

The market cap for GENI stock reached $2.91 billion, with 191.51 million shares outstanding and 58.66 million shares in the current float. Compared to the average trading volume of 1.48M shares, GENI reached a trading volume of 3266371 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Genius Sports Limited [GENI]:

Needham have made an estimate for Genius Sports Limited shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 07, 2021. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on June 02, 2021, representing the official price target for Genius Sports Limited stock. Previously, the target price had yet another raise to $25, while Oppenheimer analysts kept a Outperform rating on GENI stock.

The Average True Range (ATR) for Genius Sports Limited is set at 1.04, with the Price to Sales ratio for GENI stock in the period of the last 12 months amounting to 17.30. The Price to Book ratio for the last quarter was 2.01, with the Price to Cash per share for the same quarter was set at 0.01.

GENI stock trade performance evaluation

Genius Sports Limited [GENI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.07. With this latest performance, GENI shares dropped by -12.29% in over the last four-week period, additionally sinking by -2.26% over the last 6 months.

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 GENI stock in for the last two-week period is set at 33.28, with the RSI for the last a single of trading hit 26.61, and the three-weeks RSI is set at 37.05 for Genius Sports Limited [GENI]. The present Moving Average for the last 50 days of trading for this stock 19.21, while it was recorded at 17.15 for the last single week of trading.

Genius Sports Limited [GENI]: An insightful look at the core fundamentals

Reflecting on the efficiency of the workforce at the company, Genius Sports Limited [GENI] managed to generate an average of -$314,181 per employee.Genius Sports Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.30 and a Current Ratio set at 2.30.

Genius Sports Limited [GENI]: Insider Ownership positions

There are presently around $422 million, or 14.50% of GENI stock, in the hands of institutional investors. The top three institutional holders of GENI stocks are: FRED ALGER MANAGEMENT, LLC with ownership of 5,069,736, which is approximately 56.892% of the company’s market cap and around 19.25% of the total institutional ownership; GRANAHAN INVESTMENT MANAGEMENT INC/MA, holding 3,376,177 shares of the stock with an approximate value of $52.53 million in GENI stocks shares; and MASSACHUSETTS FINANCIAL SERVICES CO /MA/, currently with $39.6 million in GENI stock with ownership of nearly 140.285% of the company’s market capitalization.

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Positions in Genius Sports Limited stocks held by institutional investors increased at the end of September and at the time of the September reporting period, where 61 institutional holders increased their position in Genius Sports Limited [NYSE:GENI] by around 12,942,588 shares. Additionally, 39 investors decreased positions by around 7,305,915 shares, while 5 investors held positions by with 6,864,327 shares. The mentioned changes placed institutional holdings at 27,112,830 shares, according to the latest SEC report filing. GENI stock had 40 new institutional investments in for a total of 7,458,365 shares, while 27 institutional investors sold positions of 6,118,158 shares during the same period.

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