While Genius Sports Limited has underperformed by -0.58%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GENI rose by 15.32%, with highs and lows ranging from $8.45 to $3.55, whereas the simple moving average fell by -16.23% in the last 200 days.
On Apr-17-24, Goldman started tracking Genius Sports Limited (NYSE: GENI) recommending Buy. Macquarie also rated GENI shares as ‘Outperform’, setting a target price of $11 on the company’s shares in an initiating report dated December 21, 2023. Cantor Fitzgerald Initiated an Overweight rating on October 12, 2023, and assigned a price target of $8. Lake Street initiated its ‘Buy’ rating for GENI, as published in its report on May 25, 2023. JMP Securities’s report from March 20, 2023 suggests a price prediction of $7 for GENI shares, giving the stock a ‘Mkt Outperform’ rating. BTIG Research also rated the stock as ‘Buy’.
Analysis of Genius Sports Limited (GENI)
Further, the quarter-over-quarter increase in sales is 20.73%, showing a positive trend in the upcoming months.
Genius Sports Limited’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of -14.88% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.34, 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 be an extremely valuable indicator of volatility, and GENI is registering an average volume of 2.37M. On a monthly basis, the volatility of the stock is set at 4.02%, whereas on a weekly basis, it is put at 4.78%, with a loss of -13.66% over the past seven days. Furthermore, long-term investors anticipate a median target price of $9.00, showing growth from the present price of $5.12, 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?
Besides checking the fundamentals, you should also know how many employees own shares in 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 27.01%. 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 57.07% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
GENI shares are owned by institutional investors to the tune of 57.07% at present.
