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Do Analysts Agree Friday on Esports Entertainment Group Inc (GMBL) Stock's Target Price?

Friday, December 09, 2022 03:51 PM | InvestorsObserver Analysts

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Do Analysts Agree Friday on Esports Entertainment Group Inc (GMBL) Stock's Target Price?

InvestorsObserver is giving Esports Entertainment Group Inc (GMBL) an Analyst Rating Rank of 25, meaning GMBL is ranked higher by analysts than 25% of stocks. The average price target for GMBL is $1.716 and analyst’s rate the stock as a Buy.

Overall Score - 3.7
Wall Street analysts are rating GMBL a Buy today. Find out what this means to you and get the rest of the rankings on GMBL!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Esports Entertainment Group Inc Stock Today?

Esports Entertainment Group Inc (GMBL) stock is unchanged 2.21% while the S&P 500 is down -0.46% as of 3:47 PM on Friday, Dec 9. GMBL is unmoved $0.00 from the previous closing price of $0.11 on volume of 1,179,344 shares. Over the past year the S&P 500 has fallen -15.47% while GMBL is down -97.77%. GMBL lost -$3.83 per share the over the last 12 months. Click Here to get the full Stock Report for Esports Entertainment Group Inc stock.

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