Genius Sports Limited (NYSE: GENI) stock jumped 0.70% on Monday to $5.73 against a previous-day closing price of $5.69. With 3.36 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.04 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $5.99 whereas the lowest price it dropped to was $5.63. The 52-week range on GENI shows that it touched its highest point at $8.45 and its lowest point at $3.12 during that stretch. It currently has a 1-year price target of $9.72. Beta for the stock currently stands at 2.00.
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 GENI was down-trending over the past week, with a drop of -11.71%, but this was down by -7.28% over a month. Three-month performance surged to 1.24% while six-month performance rose 27.05%. The stock gained 19.62% in the past year, while it has gained 60.50% so far this year. A look at the trailing 12-month EPS for GENI yields -0.85 with Next year EPS estimates of -0.10. For the next quarter, that number is -0.04. This implies an EPS growth rate of 77.20% for this year and 61.50% for next year.
Float and Shares Shorts:
At present, 208.50 million GENI shares are outstanding with a float of 124.95 million shares on hand for trading. On Aug 30, 2023, short shares totaled 4.03 million, which was 1.93% higher than short shares on Jul 30, 2023. In addition to Mr. Mark Locke as the firm’s Co-Founder, CEO & Director, Mr. Nicholas Taylor serves as its Chief Financial Officer.
Through their ownership of 40.14% of GENI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 31.31% of GENI, in contrast to 12.42% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in GENI with 9.84% of the stake, Caledonia holds 20,526,210 shares worth 20,526,210. A second-largest stockholder of GENI, Granahan Investment Management, L, holds 10,528,214 shares, controlling over 5.05% of the firm’s shares. Newton Investment Management Nort is the third largest shareholder in GENI, holding 6,634,215 shares or 3.18% stake. With a 2.43% stake in GENI, the ARK Next Generation Internet ETF is the largest stakeholder. A total of 5,075,540 shares are owned by the mutual fund manager. The MFS New Discovery Fund, which owns about 1.22% of GENI stock, is the second-largest Mutual Fund holder. It holds 2,548,725 shares valued at 16.92 million. Granahan Funds Plc – US Focused G holds 0.96% of the stake in GENI, owning 2,003,731 shares worth 13.3 million.
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, GENI reported revenue of $71.12M and operating income of -$39.69M. The EBITDA in the recently reported quarter was -$22.43M and diluted EPS was -$0.02.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GENI 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 GENI analysts setting a high price target of $15.00 and a low target of $7.00, the average target price over the next 12 months is $9.75. Based on these targets, GENI could surge 161.78% to reach the target high and rise by 22.16% to reach the target low. Reaching the average price target will result in a growth of 70.16% 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 GENI stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.