SharpLink Gaming Inc [NASDAQ: SBET] surged by $2.83 during the normal trading session on Friday and reaching a high of $21.03 during the day while it closed the day at $20.87.
SharpLink Gaming Inc stock has also gained 5.14% of its value over the past 7 days. However, SBET stock has inclined by 455.05% in the 3 months of the year. Over the past six months meanwhile, it has gained 290.04% and gained 139.89% year-on date.
The market cap for SBET stock reached $3.52 billion, with 168.87 million shares outstanding and 159.30 million shares in the current float. Compared to the average trading volume of 35.89M shares, SBET reached a trading volume of 84747211 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 SharpLink Gaming Inc [SBET]:
The Price to Book ratio for the last quarter was 3.05, with the Price to Cash per share for the same quarter was set at 0.03.
SBET stock trade performance evaluation
SharpLink Gaming Inc [SBET] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.14. With this latest performance, SBET shares dropped by -10.51% in over the last four-week period, additionally plugging by 290.04% over the last 6 months – not to mention a rise of 169.97% 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 SBET stock in for the last two-week period is set at 49.62, with the RSI for the last a single of trading hit 2.84, and the three-weeks RSI is set at 3.96 for SharpLink Gaming Inc [SBET]. The present Moving Average for the last 50 days of trading for this stock 19.15, while it was recorded at 19.38 for the last single week of trading, and 11.51 for the last 200 days.
SharpLink Gaming Inc [SBET]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and SharpLink Gaming Inc [SBET] shares currently have an operating margin of -677.53% and a Gross Margin at 21.62%. SharpLink Gaming Inc’s Net Margin is presently recorded at -3375.81%.
SharpLink Gaming Inc (SBET) Capital Structure & Debt Analysis
According to recent financial data for SharpLink Gaming Inc. ( SBET), the Return on Equity (ROE) stands at -46.60%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -46.36%, reflecting the company’s efficiency in generating profits from its assets. Additionally, SharpLink Gaming Inc’s Return on Invested Capital (ROIC) is -23.46%, showcasing its effectiveness in deploying capital for earnings.
SharpLink Gaming Inc (SBET) Efficiency & Liquidity Metrics
Based on SharpLink Gaming Inc’s (SBET) latest financial statements, the Debt-to-Equity Ratio is 0.00%, indicating its reliance on debt financing relative to shareholder equity.
SharpLink Gaming Inc (SBET) Efficiency & Liquidity Metrics
From an operational efficiency perspective, SharpLink Gaming Inc. (SBET) effectively leverages its workforce, generating an average of -$21228000.0 per employee. The company’s liquidity position is robust, with a Current Ratio of 6.83% and a Quick Ratio of 6.83%, indicating strong ability to cover short-term liabilities.
SharpLink Gaming Inc [SBET]: Institutional Ownership
There are presently around $14.60%, or 14.75%% of SBET stock, in the hands of institutional investors. The top three institutional holders of SBET stocks are: CITADEL ADVISORS LLC with ownership of 33345.0 shares, which is approximately 0.0819%. GEODE CAPITAL MANAGEMENT, LLC, holding 18744.0 shares of the stock with an approximate value of $$11246.0 in SBET stocks shares; and GEODE CAPITAL MANAGEMENT, LLC, currently with $$6074.0 in SBET stock with ownership which is approximately 0.0249%.
