InvestorsObserver is giving Esports Entertainment Group Inc (GMBL) an Analyst Rating Rank of 74, meaning GMBL is ranked higher by analysts than 74% of stocks. The average price target for GMBL is $19.6 and analyst’s rate the stock as a Strong Buy.
Why are Analyst Ratings Important?
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What’s Happening With Esports Entertainment Group Inc Stock Today?
Esports Entertainment Group Inc (GMBL) stock is trading at $2.83 as of 11:03 AM on Monday, Jan 31, an increase of $0.12, or 4.24% from the previous closing price of $2.71. The stock has traded between $2.65 and $2.95 so far today. Volume today is light. So far 294,278 shares have traded compared to average volume of 656,367 shares. Click Here to get the full Stock Report for Esports Entertainment Group Inc stock.
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