On September 19, 2023, a significant transaction took place in the world of securities trading. This particular trade, known as a block trade, occurred away from the public markets to minimize any impact on the price of the security involved. Typically, block trades are facilitated by hedge funds and institutional investors through intermediaries such as investment banks. However, it is worth noting that high-net-worth accredited investors may also have the opportunity to participate in these transactions.
In this specific instance, the stock symbol involved in the block trade was EBET. A staggering 512,677 shares were traded, indicating the magnitude of the transaction. The agreed-upon price for each share in this trade was $0.049, which is referred to as the ask price. The ask price represents the lowest price at which a seller is willing to sell their security.
Given the substantial number of shares involved, it is evident that this trade qualifies as a block trade. However, certain details remain unclear. It is unknown whether this trade was executed through a private purchase agreement or on a stock exchange. Furthermore, the identities of the buyer and seller are undisclosed, leaving us in the dark about the parties involved in this transaction. Additionally, it is uncertain whether this trade was part of a larger, more comprehensive transaction.
Updated on: 19/09/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Neutral
Price to book ratio: Neutral
DCF: Strong Buy
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EBET Stock Performance on September 19, 2023: Stable Performance and Impressive Revenue Growth, but Limited Information Available
EBET Stock Performances on September 19, 2023:
On September 19, 2023, EBET stock showed a consistent performance, with a previous close and today’s open both at $0.05. The day’s range remained at $0.05 – $0.05, indicating a lack of volatility. The stock’s volume stood at 7,208,459, which is significantly lower than the average volume of 71,989,523 over the past three months.
EBET, with a market capitalization of $24.4 million, operates in the Technology Services sector and falls under the Packaged Software industry.
The company’s earnings growth in the previous year was a staggering -172.61%, which indicates a significant decline in profitability. However, no information is provided regarding the earnings growth for the current year or the next five years.
In contrast, EBET experienced a remarkable revenue growth of +35,454.69% in the last reported year, reaching $58.6 million. Despite this impressive growth, the company reported an annual profit of -$41.4 million, resulting in a net profit margin of -70.70%.
The stock’s valuation ratios also reveal interesting insights. The price/sales ratio is 0.31, indicating that investors are paying $0.31 for every dollar of sales generated by the company. The price/book ratio stands at 0.04, suggesting that the stock is trading at a significant discount to its book value.
EBET’s last reporting date was November 30, 2022, meaning that the available information is not up to date.
Overall, EBET’s stock performance on September 19, 2023, remained stable, with no significant changes from the previous close. The company’s revenue growth in the last year was impressive, but it failed to translate into profitability, as evidenced by the negative net profit margin. With limited information available, it is crucial for investors to conduct further research and analysis before making any investment decisions regarding EBET stock.
EBET Stock Skyrockets: Analysts Recommend Buying as Median Target Price Soars 5,691.51%
EBET stock had a significant performance on September 19, 2023. The median target price of $3.00 represents a potential increase of +5,691.51% from the last price of $0.05. The consensus among analysts is to buy stock in Ebet Inc, and the company’s next earnings report is scheduled for November 30.