Analysts who follow Esports Entertainment Group Inc (GMBL) on average expect it to increase 1330.00% over the next twelve months. Those same analysts give the stock an average rating of Buy.
That average rating earns the stock an Analyst Ranking of 26, which means it ranks higher than 26 of stocks, based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What’s Happening With Esports Entertainment Group Inc Stock Today?
Esports Entertainment Group Inc (GMBL) stock is flat 3.1% while the S&P 500 has fallen -0.53% as of 12:13 PM on Wednesday, Feb 1. GMBL is unchanged $0.00 from the previous closing price of $0.11 on volume of 176,317,217 shares. Over the past year the S&P 500 is down -10.81% while GMBL has fallen -96.05%. GMBL lost -$0.80 per share the over the last 12 months.
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