EBET (NASDAQ:EBET) Trading Up 2.6%

EBET, Inc. (NASDAQ:EBETGet Rating) traded up 2.6% on Friday . The company traded as high as $2.48 and last traded at $2.38. 85,764 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 160,241 shares. The stock had previously closed at $2.32.

EBET Trading Up 2.6 %

The firm has a market capitalization of $34.91 million, a P/E ratio of -0.96 and a beta of 1.71. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.80. The firm has a 50 day moving average of $2.70 and a 200-day moving average of $5.61.

EBET (NASDAQ:EBETGet Rating) last released its earnings results on Monday, May 16th. The company reported ($0.93) earnings per share (EPS) for the quarter. The company had revenue of $19.00 million for the quarter. EBET had a negative return on equity of 96.71% and a negative net margin of 117.26%.

Hedge Funds Weigh In On EBET

Several hedge funds and other institutional investors have recently modified their holdings of EBET. NewGen Asset Management Ltd bought a new position in EBET in the second quarter valued at about $737,000. Royal Bank of Canada boosted its position in EBET by 3,851.5% in the first quarter. Royal Bank of Canada now owns 104,320 shares of the company’s stock valued at $704,000 after buying an additional 101,680 shares in the last quarter. State Street Corp lifted its stake in shares of EBET by 10.1% in the 1st quarter. State Street Corp now owns 151,754 shares of the company’s stock valued at $1,023,000 after acquiring an additional 13,886 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of EBET during the 1st quarter valued at $248,000. Finally, Northern Trust Corp grew its position in EBET by 13.0% during the 1st quarter. Northern Trust Corp now owns 98,854 shares of the company’s stock worth $666,000 after acquiring an additional 11,342 shares during the last quarter. Institutional investors own 10.54% of the company’s stock.

EBET Company Profile

(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.

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