Allied Gaming & Entertainment Inc. (NASDAQ:AGAE – Get Free Report) was the target of a large decline in short interest in September. As of September 30th, there was short interest totalling 150,400 shares, a decline of 24.1% from the September 15th total of 198,100 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average daily volume of 53,800 shares, the days-to-cover ratio is currently 2.8 days.
Allied Gaming & Entertainment Stock Performance
Shares of NASDAQ:AGAE opened at $1.24 on Monday. The stock has a market capitalization of $56.44 million, a price-to-earnings ratio of -13.78 and a beta of 1.35. Allied Gaming & Entertainment has a 1-year low of $0.61 and a 1-year high of $1.57. The company has a 50 day moving average price of $1.31 and a 200 day moving average price of $1.10.
Allied Gaming & Entertainment (NASDAQ:AGAE – Get Free Report) last issued its earnings results on Monday, August 19th. The company reported ($0.09) earnings per share (EPS) for the quarter. Allied Gaming & Entertainment had a negative return on equity of 7.27% and a negative net margin of 79.30%. The company had revenue of $2.64 million during the quarter.
Institutional Inflows and Outflows
About Allied Gaming & Entertainment
Allied Gaming & Entertainment Inc provides entertainment and gaming products worldwide. It operates esports properties to connect players and fans through a network of connected arenas; a flagship gaming arena located at the Luxor Hotel in Las Vegas, Nevada; a mobile esports truck that serves as a battleground and content generation hub; and a studio for recording and streaming gaming events.
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