Should You Buy Ebet Inc (EBET) Stock After it Has Gained 31.83% in a Week?

Overall market sentiment has been high on Ebet Inc (EBET) stock lately. EBET receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Ebet Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on EBET!

See Full EBET Report

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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With EBET Stock Today?

Ebet Inc (EBET) stock is lower by -1.1% while the S&P 500 has gained 0.55% as of 9:54 AM on Monday, May 23. EBET is down -$0.04 from the previous closing price of $3.85 on volume of 40,732 shares. Over the past year the S&P 500 has fallen -6.53% while EBET is down -82.44%. EBET lost -$2.43 per share in the over the last 12 months.

More About Ebet Inc

Esports Technologies Inc is a technology company developing and operating platforms focused on esports and competitive gaming. It operates a licensed online gambling platform, which is an esports/sportsbook focused on bettors located in Asia and Latin America. It offers real money betting on esports events from around the world in a secure environment. It accepts wagers on esports titles including Counter-Strike: GO, League of Legends, Dota 2, StarCraft 2, Rocket League, Rainbow Six, Warcraft 3, King of Glory, and FIFA, as well as professional sports including the NFL, NBA, MLB, soccer and more. It generates revenue as customers lose their bets and it has a liability to pay out winnings to customers who win their bets. Click Here to get the full Stock Report for Ebet Inc stock.