Esports Entertainment Group Inc [GMBL] fell -99.25% so far this year. What now?

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Esports Entertainment Group Inc [NASDAQ: GMBL] slipped around 0.0 points on Monday, while shares priced at $0.06 at the close of the session, down -4.83%. The company report on November 3, 2023 at 5:00 PM that Esports Entertainment Group, Inc. Announces Preferred Stock Dividend.

St. Julians, Malta–(Newsfile Corp. – November 3, 2023) – Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLP) (NASDAQ: GMBLW) (NASDAQ: GMBLZ) (or “EEG”) announced today that its Board of Directors has declared a monthly cash dividend for its 10.0% Series A Cumulative Redeemable Convertible Preferred Stock for Nov 2023.

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Esports Entertainment Group Inc stock is now -99.25% down from its year-to-date (YTD) trading value. GMBL Stock saw the intraday high of $0.061 and lowest of $0.0539 per share. The company’s 52-week high price is 23.80, which means current price is +5.94% above from all time high which was touched on 01/25/23.

Compared to the average trading volume of 11.11M shares, GMBL reached a trading volume of 10690864 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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What do top market gurus say about Esports Entertainment Group Inc [GMBL]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GMBL shares is $2.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GMBL stock is a recommendation set at 3.00. 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.

ROTH Capital have made an estimate for Esports Entertainment Group Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 02, 2021.

The Average True Range (ATR) for Esports Entertainment Group Inc is set at 0.01, with the Price to Sales ratio for GMBL stock in the period of the last 12 months amounting to 0.17.

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How has GMBL stock performed recently?

Esports Entertainment Group Inc [GMBL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.67. With this latest performance, GMBL shares dropped by -40.83% in over the last four-week period, additionally sinking by -97.58% over the last 6 months – not to mention a drop of -99.54% 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 GMBL stock in for the last two-week period is set at 28.20, with the RSI for the last a single of trading hit 27.60, and the three-weeks RSI is set at 26.54 for Esports Entertainment Group Inc [GMBL]. The present Moving Average for the last 50 days of trading for this stock 0.0946, while it was recorded at 0.0607 for the last single week of trading, and 2.1051 for the last 200 days.

Esports Entertainment Group Inc [GMBL]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Esports Entertainment Group Inc [GMBL] shares currently have an operating margin of -89.85 and a Gross Margin at +33.34. Esports Entertainment Group Inc’s Net Margin is presently recorded at -140.58.

Return on Total Capital for GMBL is now -91.04, given the latest momentum, and Return on Invested Capital for the company is -663.67. Return on Equity for this stock declined to -712.70, with Return on Assets sitting at -74.25. When it comes to the capital structure of this company, Esports Entertainment Group Inc [GMBL] has a Total Debt to Total Equity ratio set at 0.74. Additionally, GMBL Total Debt to Total Capital is recorded at 0.74, with Total Debt to Total Assets ending up at 0.43.

Reflecting on the efficiency of the workforce at the company, Esports Entertainment Group Inc [GMBL] managed to generate an average of -$290,860 per employee. Receivables Turnover for the company is 8.91 with a Total Asset Turnover recorded at a value of 0.53.Esports Entertainment Group Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.46 and a Current Ratio set at 0.46.

Insider trade positions for Esports Entertainment Group Inc [GMBL]

The top three institutional holders of GMBL stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in GMBL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in GMBL stock with ownership which is approximately 5.7994%.

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