Genius Sports Limited (NYSE:GENI) shares, rose in value on Friday, April 05, with the stock price up by 6.60% to the previous day’s close as strong demand from buyers drove the stock to $6.14.
Actively observing the price movement in the recent trading, the stock is buoying the session at $5.76. The value of beta (5-year monthly) is 2.01. Referring to stock’s 52-week performance, its high was $8.45, and the low was $3.55. On the whole, GENI has fluctuated by -8.08% over the past month.
With the market capitalization of Genius Sports Limited currently standing at about $1.31 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 07, 2024 – May 13, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.1, which is expected to increase to $0 for fiscal year -$0.18 and then to about -$0.04 by fiscal year 2025. Data indicates that the EPS growth is expected to be 43.80% in 2025, while the next year’s EPS growth is forecast to be 77.80%.
Analysts have estimated the company’s revenue for the quarter at $116.85 million, with a low estimate of $114.97 million and a high estimate of $117.7 million. According to the average forecast, sales growth in current quarter could jump up 20.20%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $480.87 million, representing an increase of 16.40% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that GENI’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 25% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of GENI currently trading nearly 6.05% and -6.21% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.31, while the 7-day volatility ratio is showing 3.02% which for the 30-day chart, stands at 4.43%. Furthermore, Genius Sports Limited (GENI)’s beta value is 1.95, and its average true range (ATR) is 0.25.
A comparison of Genius Sports Limited (GENI) with its peers suggests the former has fared considerably weaker in the market. GENI showed an intraday change of 6.60% in today’s session so far, and over the past year, it grew by 31.76%%.
Data on historical trading for Genius Sports Limited (NYSE:GENI) indicates that the trading volumes over the past 10 days have averaged 2.3 million and over the past 3 months, they’ve averaged 2.26 million. According to company’s latest data on outstanding shares, there are 209.12 million shares outstanding.
Nearly 27.65% of Genius Sports Limited’s shares belong to company insiders and institutional investors own 57.13% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.92 million shares as on Mar 15, 2024, resulting in a short ratio of 2.24. According to the data, the short interest in Genius Sports Limited (GENI) stood at 2.82% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 5.1 million. The stock has fallen by -0.65% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GENI stock heading into the next quarter.
