The Week Ahead: Are Investors Really Too Optimistic About Super Group (SGHC) Limited (NYSE: SGHC)

Super Group (SGHC) Limited (NYSE:SGHC) currently has a daily average trading volume of 319.15K but it saw 1107441 shares traded in last market. With a market cap of 1.63B USD, the company’s current market price of $3.26 came rising about 3.16 while comparing to the previous closing price of $3.16. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.00 and as low as $2.63.

Taking a look at 20-day trading activity of Super Group (SGHC) Limited (SGHC) gives us an average price of $3.15, while its current price level is -18.50% below from 52-week high level whereas it is 23.95% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $3.28 while that of 200 days or SMA-200 reads an average of $3.30. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.89% during that period while stretching the period over a month that decreases to 3.43%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 55.01 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Needham which reiterated the stock as “Buy” in its note to investors issued on March 07, 2024, recommending a price target of between $5 and $6 for it. The Benchmark Company upgraded its recommendation for the stock as a “Buy” from “Hold” on August 18, 2023 while assigning a price target of $4.50. Canaccord Genuity issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $8 and $5.

Over the week, SGHC’s stock price is moving 8.67% up while it is 0.00% when we observe its performance for the past one month. Year-to-date it is 2.84% up and over the past year, the stock is showing a downside performance of -6.59%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0.11 beat the consensus estimate of 0.08 for the same. In next quarter, company is expected to be making quarterly sales of $401.18M as analysts are expecting the sales for current fiscal year at $1.54B and seeing the company making $1.69B in sales next year. Moreover, analysts are in estimates of $385.66M for current-quarter revenue.

Currently, Super Group (SGHC) Limited’s total number of outstanding shares is 498.51M. It has a 8.25 of forward P/E ratio. Stock’s beta reads 0.69.