EBET Inc. (NASDAQ: EBET) stock fell -5.21% on Thursday to $0.25 against a previous-day closing price of $0.26. With 0.12 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.3 million shares. During the session, the Gambling company that operates in wider Consumer Cyclical sector, reached to the highest price of $0.2989 whereas the lowest price it dropped to was $0.2300. The 52-week range on EBET shows that it touched its highest point at $4.75 and its lowest point at $0.21 during that stretch. It currently has a 1-year price target of $3.00.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EBET was up-trending over the past week, with a rise of 4.58%, but this was down by -30.45% over a month. Three-month performance dropped to -51.46% while six-month performance fell -66.32%. The stock lost -90.87% in the past year, while it has lost -60.14% so far this year.
Float and Shares Shorts:
At present, 21.99 million EBET shares are outstanding with a float of 11.38 million shares on hand for trading. On May 14, 2023, short shares totaled 0.22 million, which was 0.83% higher than short shares on Apr 13, 2023. In addition to Mr. Aaron Speach as the firm’s Founder, Pres, Chairman & CEO, Mr. Matthew Lourie CPA serves as its Chief Financial Officer.
Through their ownership of 12.32% of EBET’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 7.38% of EBET, in contrast to 3.21% held by mutual funds. Shares owned by individuals account for 2.10%. As the largest shareholder in EBET with 4.24% of the stake, Nantahala Capital Management LLC holds 1,065,432 shares worth 1,065,432. A second-largest stockholder of EBET, The Vanguard Group, Inc., holds 397,961 shares, controlling over 1.58% of the firm’s shares. MGO One Seven LLC is the third largest shareholder in EBET, holding 255,738 shares or 1.02% stake. With a 1.40% stake in EBET, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 351,169 shares are owned by the mutual fund manager. The Fidelity Extended Market Index Fu, which owns about 0.22% of EBET stock, is the second-largest Mutual Fund holder. It holds 56,140 shares valued at 20660.0. iShares Tr. – Micro Cap ETF holds 0.12% of the stake in EBET, owning 30,505 shares worth 11226.0.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, EBET reported revenue of $18.17M and operating income of -$6.99M. The EBITDA in the recently reported quarter was -$5.02M and diluted EPS was -$0.70.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EBET since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With EBET analysts setting a high price target of $3.00 and a low target of $3.00, the average target price over the next 12 months is $3.00. Based on these targets, EBET could surge 1100.0% to reach the target high and rise by 1100.0% to reach the target low. Reaching the average price target will result in a growth of 1100.0% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded EBET stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 7,500 shares were bought while 0 shares were sold. The number of buy transactions has increased to 12 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 307,511 while 0 shares were sold.