Ready to Jump After Recent Trade: Super Group (SGHC) Limited (SGHC)

Super Group (SGHC) Limited (NYSE: SGHC) stock fell -1.41% on Friday to $3.50 against a previous-day closing price of $3.55. With 0.7 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.66 million shares. During the session, the Gambling company that operates in wider Consumer Cyclical sector, reached to the highest price of $3.5600 whereas the lowest price it dropped to was $3.4300. The 52-week range on SGHC shows that it touched its highest point at $4.44 and its lowest point at $2.57 during that stretch. It currently has a 1-year price target of $4.83. Beta for the stock currently stands at 0.93.

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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 SGHC was down-trending over the past week, with a drop of -4.11%, but this was up by 19.45% over a month. Three-month performance dropped to -4.11% while six-month performance fell -4.11%. The stock lost -16.86% in the past year, while it has gained 16.67% so far this year. A look at the trailing 12-month EPS for SGHC yields 0.15 with Next year EPS estimates of 0.20. For the next quarter, that number is 0.01. This implies an EPS growth rate of -9.80% for this year and 90.48% for next year.

Float and Shares Shorts:

At present, 498.52 million SGHC shares are outstanding with a float of 142.13 million shares on hand for trading. On Aug 30, 2023, short shares totaled 1.12 million, which was 0.22% higher than short shares on Jul 30, 2023. In addition to Mr. Neal Menashe as the firm’s CEO & Director, Mr. Richard Hasson serves as its Pres, COO & Director.

Institutional Ownership:

Through their ownership of 4.94% of SGHC’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 2.89% of SGHC, in contrast to 1.69% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in SGHC with 1.15% of the stake, BlackRock Fund Advisors holds 5,752,637 shares worth 5,752,637. A second-largest stockholder of SGHC, Fidelity Management & Research Co, holds 4,584,806 shares, controlling over 0.92% of the firm’s shares. AJ Wealth Strategies LLC is the third largest shareholder in SGHC, holding 3,340,857 shares or 0.67% stake.

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, SGHC reported revenue of $320.82M and operating income of $45.07M. The EBITDA in the recently reported quarter was $60.60M and diluted EPS was $0.61.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SGHC 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 SGHC analysts setting a high price target of $5.00 and a low target of $4.13, the average target price over the next 12 months is $4.60. Based on these targets, SGHC could surge 42.86% to reach the target high and rise by 18.0% to reach the target low. Reaching the average price target will result in a growth of 31.43% 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.

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