Allied Gaming & Entertainment (AGAE) Stock Price, News & Analysis

Company Overview

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. The company was formerly known as Allied Esports Entertainment Inc. and changed its name to Allied Gaming & Entertainment Inc. in December 2022. Allied Gaming & Entertainment Inc. is based in New York, New York.

Key Stats

• Today's Range: $0.70 to $0.76
• 50-Day Range: $0.70 to $1.41
• 52-Week Range: $0.61 to $1.57
• Volume: 25,010 shs
• Average Volume: 56,143 shs
• Market Capitalization: $30.87 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Allied Gaming & Entertainment Stock Analysis - MarketRank™

Allied Gaming & Entertainment scored higher than 33% of companies evaluated by MarketBeat, and ranked 221st out of 288 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Allied Gaming & Entertainment.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Allied Gaming & Entertainment is -2.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Allied Gaming & Entertainment is -2.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Allied Gaming & Entertainment has a P/B Ratio of 0.28. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.13% of the float of Allied Gaming & Entertainment has been sold short.

Short Interest Ratio / Days to Cover

Allied Gaming & Entertainment has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Allied Gaming & Entertainment has recently decreased by 27.66%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Allied Gaming & Entertainment does not currently pay a dividend.

Dividend Growth

Allied Gaming & Entertainment does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.13% of the float of Allied Gaming & Entertainment has been sold short.

Short Interest Ratio / Days to Cover

Allied Gaming & Entertainment has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Allied Gaming & Entertainment has recently decreased by 27.66%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: N/A

News Sentiment

Allied Gaming & Entertainment has a news sentiment score of 0.96. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Allied Gaming & Entertainment this week, compared to 1 article on an average week.

Search Interest

2 people have searched for AGAE on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Allied Gaming & Entertainment insiders have not sold or bought any company stock.

Percentage Held by Insiders

39.40% of the stock of Allied Gaming & Entertainment is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 3.21% of the stock of Allied Gaming & Entertainment is held by institutions.

AGAE Stock Analysis - Frequently Asked Questions

How have AGAE shares performed this year?

Allied Gaming & Entertainment's stock was trading at $1.06 at the beginning of 2024. Since then, AGAE stock has decreased by 34.0% and is now trading at $0.70.
View the best growth stocks for 2024 here.

How were Allied Gaming & Entertainment's earnings last quarter?

Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) released its earnings results on Tuesday, March, 26th. The company reported $0.02 EPS for the quarter. The company earned $179.67 million during the quarter. Allied Gaming & Entertainment had a negative trailing twelve-month return on equity of 7.13% and a negative net margin of 114.68%.

Who are Allied Gaming & Entertainment's major shareholders?

Top institutional shareholders of Allied Gaming & Entertainment include Geode Capital Management LLC (0.49%). Insiders that own company stock include Knighted Pastures Llc and Roy Choi.
View institutional ownership trends.

How do I buy shares of Allied Gaming & Entertainment?

Shares of AGAE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Allied Gaming & Entertainment own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Allied Gaming & Entertainment investors own include Enovix (ENVX), Rambus (RMBS), COMPASS Pathways (CMPS), Ginkgo Bioworks (DNA), Toast (TOST), Globant (GLOB) and Luminar Technologies (LAZR).

Company Calendar

• Last Earnings: 3/26/2024
• Today: 12/18/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: Amusement & recreation services
• Sub-Industry: Entertainment
• Current Symbol: NASDAQ:AGAE
• CUSIP: N/A
• CIK: 1708341
• Web: www.alliedesportsent.com
• Phone: (646) 768-4241
• Fax: N/A
• Employees: 90
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($0.27)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-3,600,000.00
• Net Margins: -114.68%
• Pretax Margin: -120.54%
• Return on Equity: -7.13%
• Return on Assets: -5.27%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 2.57
• Quick Ratio: 2.57

Sales & Book Value

• Annual Sales: $9.26 million
• Price / Sales: 3.34
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $2.54 per share
• Price / Book: 0.28

Miscellaneous

• Outstanding Shares: 44,106,000
• Free Float: 26,728,000
• Market Cap: $30.87 million
• Optionable: Not Optionable
• Beta: 1.37