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Esports Entertainment Group Inc. Inc. (GMBL) Price Performance: The Role of Supply and Demand

Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. The metric has seen a significant loss of -98.50% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -93.88%. Over the past 30 days, the price of GMBL has leaped by -46.51%. And in the last five days, it has fallen by -4.80%.

The stock of Esports Entertainment Group Inc. (GMBL) is currently priced at $0.12. In the last session, the stock climbed significantly, topping out at $0.1236 after opening at $0.1197. The day’s lowest price was $0.111 before the stock closed at $0.12.

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Esports Entertainment Group Inc. experienced a rather shaky stock market performance. The highest value in the past year was recorded at $23.80 on 01/25/23 and the lowest value was $0.10 on 09/07/23.

52-week price history of GMBL Stock

Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Esports Entertainment Group Inc.’s current trading price is -99.52% away from its 52-week high, while its distance from the 52-week low is 13.75%. The stock’s price range during this period has varied between$0.10 and $23.80. The Esports Entertainment Group Inc.’s shares, which operate in the Consumer Cyclical, saw a trading volume of around 5.43 million for the day, a figure considerably lower than their average daily volume of 7.1 million over last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

Esports Entertainment Group Inc. (GMBL) has experienced a quarterly decline of -93.11% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 4.98M and boasts a workforce of 299 employees.

Combining Moving Average and Trading Volume Data for Better Market Insight

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.0789, with a change in price of -1.7986. Similarly, Esports Entertainment Group Inc. recorded 4,552,741 in trading volume during the last 100 days, posting a change of -94.17%.

GMBL Stock Stochastic Average

As of today, Esports Entertainment Group Inc.’s raw stochastic average for the last 50 days stands at 0.96%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 9.37%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 12.01% and 11.62%, respectively.

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