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Friday, September 29, 2023

Investors’ Patience Is Being Tested Right Now By EBET Inc. (NASDAQ: EBET)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for EBET Inc. (EBET) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.0027, or -5.00%, to $0.0513. The EBET Inc. has recorded 13,691,818 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted EBET Initiates Review of Strategic Alternatives.

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Stocks Info

EBET Inc. is listed on the NASDAQ as a member of the Consumer Cyclical sector and is a part of the Gambling industry. At the end of the last regular session, the stock closed at $0.05 and fluctuated between $0.0679 as its day high and $0.0501 as its day low. The current market capitalization of EBET Inc. is $18.60M. A total of 327.01 million shares were traded on the day, compared to an average of 97.36M shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, EBET has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 11 BUYs and 0 SELLs from insiders. Insiders purchased 107,511 shares during that period but sold 0.

In the most recent transaction, Speach Aaron bought 18,611 shares of EBET for 0.54 per share on Feb 22. After the transaction, the CEO now owns 743,611 company shares.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for EBET in the last 3 months, the mean price target is $3.00 with high estimates of $3.00 and low estimates of $3.00. In terms of 52-week highs and lows, EBET has a high of $2.66 and a low of $0.03.

As of this writing, EBET has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0. The company reported an EPS of -$0.93 in the last quarter, which was -257.70% lower than expectations of -$0.26.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. EBET’s latest balance sheet shows that the firm has $9.06M in Cash & Short Term Investments as of fiscal 2021. There were $1.57M in debt and $1.95M in liabilities at the time. Its Book Value Per Share was -$0.73, while its Total Shareholder’s Equity was $10.25M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EBET is Buy with a score of 0.00.

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