How Will the Market React to Esports Entertainment Group Inc (GMBL) Stock Getting a Bullish Rating

Esports Entertainment Group Inc (GMBL) stock has risen 1.65% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Esports Entertainment Group Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on GMBL!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With GMBL Stock Today?

Esports Entertainment Group Inc (GMBL) stock is lower by -28.29% while the S&P 500 has risen 2.1% as of 3:20 PM on Thursday, Feb 22. GMBL is down -$0.73 from the previous closing price of $2.58 on volume of 45,146 shares. Over the past year the S&P 500 has risen 27.24% while GMBL is down -99.92%. GMBL lost -$10,610.82 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for Esports Entertainment Group Inc click here.

More About Esports Entertainment Group Inc

Esports Entertainment Group Inc is a development-stage online gambling company focused purely on esports. The company's principal business operations include design, development, and test wagering systems. Its online gaming is divided into three verticals esports entertainment, esports wagering, and iGaming & traditional sports betting. Its geographical segments include Antigua, Malta, Curacao, and the United States. Click Here to get the full Stock Report for Esports Entertainment Group Inc stock.