SharpLink Gaming Inc (SBET): Investing In A Time Of Crisis

SharpLink Gaming Inc (NASDAQ:SBET) currently has a daily average trading volume of 728.88K but it saw 5515260 shares traded in last market. With a market cap of 1.64M USD, the company’s current market price of $0.46 came rising about 16.94 while comparing to the previous closing price of $0.39. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.68 and as low as $0.33. In the recent trading on the day, stock has struck highest price mark of $0.3754 while lowest mark touched by it was $0.59.

Taking a look at 20-day trading activity of SharpLink Gaming Inc (SBET) gives us an average price of $0.5404, while its current price level is -72.71% below from 52-week high level whereas it is 37.53% 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 $0.6400 while that of 200 days or SMA-200 reads an average of $0.7568. A closer look into the stock’s movement over the week reveals that its volatility is standing at 24.83% during that period while stretching the period over a month that decreases to 15.08%. 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 39.37 which implies that the stock is in neutral territory.

Over the week, SBET’s stock price is moving -5.31% down while it is -41.90% when we observe its performance for the past one month. Year-to-date it is -28.84% down and over the past year, the stock is showing a downside performance of -68.17%.

The company is expected to be releasing its next quarterly report in February, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, SharpLink Gaming Inc’s total number of outstanding shares is 3.59M with 15.89% of that held by the insiders while 3.09% of its common stock has been owned by the institutions. Stock’s beta reads 1.12. Stock has a price to book (P/B) ratio of 0.81.