Super League Enterprise Inc. (NASDAQ: SLE) stock fell -8.06% on Friday to $1.71 against a previous-day closing price of $1.86. With 0.77 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.13 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $1.8000 whereas the lowest price it dropped to was $1.5700. The 52-week range on SLE shows that it touched its highest point at $19.00 and its lowest point at $1.66 during that stretch. It currently has a 1-year price target of $27.00. Beta for the stock currently stands at 1.64.
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 SLE was down-trending over the past week, with a drop of -0.12%, but this was down by -68.33% over a month. Three-month performance dropped to -84.17% while six-month performance fell -83.87%. The stock lost -89.18% in the past year, while it has lost -74.59% so far this year. A look at the trailing 12-month EPS for SLE yields -34.51 with Next year EPS estimates of -4.40. For the next quarter, that number is -2.20. This implies an EPS growth rate of 39.10% for this year and 47.60% for next year.
Float and Shares Shorts:
At present, 3.44 million SLE shares are outstanding with a float of 3.34 million shares on hand for trading. On Aug 14, 2023, short shares totaled 34100.0, which was 1.35% higher than short shares on Jul 13, 2023. In addition to Ms. Ann Hand as the firm’s CEO & Chair of the Board, Mr. Matthew Evan Edelman serves as its Pres & Chief Commercial Officer.
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 Jun 29, 2023, SLE reported revenue of $4.28M and operating income of -$8.74M. The EBITDA in the recently reported quarter was -$7.39M and diluted EPS was -$0.24.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SLE 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 SLE analysts setting a high price target of $40.00 and a low target of $11.00, the average target price over the next 12 months is $27.00. Based on these targets, SLE could surge 2239.18% to reach the target high and rise by 543.27% to reach the target low. Reaching the average price target will result in a growth of 1478.95% 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 SLE stock several times over the past three months with 0 Buys and 17 Sells. In these transactions, 0 shares were bought while 616,672 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has risen to 27 over the past year. The total number of shares bought during that period was 0 while 1,012,108 shares were sold.