Financial Review: EBET (EBET) and The Competition

EBET (NASDAQ:EBET – Get Rating) is one of 34 publicly-traded companies in the “Amusement & recreation services” industry, but how does it weigh in compared to its peers? We will compare EBET to related businesses based on the strength of its earnings, risk, profitability, institutional ownership, dividends, analyst recommendations and valuation.

Earnings & Valuation

This table compares EBET and its peers gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
EBET	$170,000.00	-$15.20 million	-1.07
EBET Competitors	$914.79 million	-$75.39 million	64.85

EBET’s peers have higher revenue, but lower earnings than EBET. EBET is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Insider and Institutional Ownership

10.5% of EBET shares are owned by institutional investors. Comparatively, 34.0% of shares of all “Amusement & recreation services” companies are owned by institutional investors. 7.7% of EBET shares are owned by company insiders. Comparatively, 29.4% of shares of all “Amusement & recreation services” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Analyst Ratings

This is a breakdown of recent recommendations for EBET and its peers, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
EBET	0	0	1	0	3.00
EBET Competitors	73	271	380	10	2.45

EBET presently has a consensus target price of $18.00, suggesting a potential upside of 584.41%. As a group, “Amusement & recreation services” companies have a potential upside of 61.81%. Given EBET’s stronger consensus rating and higher probable upside, equities analysts clearly believe EBET is more favorable than its peers.

Profitability

This table compares EBET and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
EBET	-117.26%	-96.71%	-54.21%
EBET Competitors	-2,733.84%	-2.38%	-207.36%

About EBET (Get Rating)

EBET, Inc. develops products and operates platforms to provide a real money online gambling experience focused on esports and competitive gaming. The company operates a portfolio of proprietary online casino and sportsbook brands consisting of Karamba, Hopa, Griffon Casino, BetTarget, Dansk777, and GenerationVIP. It also provides iGaming, which include online casino and table games, such as blackjack, virtual sport computer simulated games, and slot machines, as well as traditional sports betting. The company was formerly known as Esports Technologies, Inc. and changed its name to EBET, Inc. in May 2022. EBET, Inc. was incorporated in 2020 and is based in Las Vegas, Nevada.

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