Investing in Genius Sports Limited (GENI) might be an excellent idea, but the stock is currently overvalued/undervalued

While Genius Sports Limited has overperformed by 1.27%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GENI rose by 54.35%, with highs and lows ranging from $8.45 to $3.55, whereas the simple moving average jumped by 12.25% in the last 200 days.

On December 21, 2023, Macquarie started tracking Genius Sports Limited (NYSE: GENI) recommending Outperform.

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Analysis of Genius Sports Limited (GENI)

Further, the quarter-over-quarter increase in sales is 29.34%, showing a positive trend in the upcoming months.

One of the most important indicators of Genius Sports Limited’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -30.39% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.42, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.

For any stock, average volume can also provide valuable insight into volatility, and GENI is recording 1.91M average volume. On a monthly basis, the volatility of the stock is set at 4.06%, whereas on a weekly basis, it is put at 4.97%, with a gain of 16.18% over the past seven days. Furthermore, long-term investors anticipate a median target price of $9.14, showing growth from the present price of $6.39, which can serve as yet another indication of whether GENI is worth investing in or should be passed over.

How Do You Analyze Genius Sports Limited Shares?

Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 41.76%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 53.92% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.

Are institutional investors increasing their holdings in GENI shares?

The recent increase in stakes in GENI appears to be a result of several institutional investors and hedge funds increasing their positions. Granahan Investment Management, L made another increased to its shares in GENI during the first quarter, upping its stake by 36.82%. During the last quarter, the company picked up 3,876,083 additional shares for a total stake of worth $89.02 million, bringing number of shares owned by the company to 14,404,297.

During the first quarter, Nikko Asset Management Americas, added a 1,491,777 position in GENI. ARK Investment Management LLC purchased an additional 0.62 million shares in the last quarter, increasing its holdings by 9.86%, now holding 6.91 million shares worth $42.73 million. At the end of the first quarter, Newton Investment Management Nort decreased its GENI holdings by -6.96% and now holds 6.17 million GENI shares valued at $38.15 million with the lessened -0.46 million shares during the period. GENI shares are owned by institutional investors to the tune of 53.92% at present.

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