Free Trial

Promising Esports Stocks To Add to Your Watchlist - August 12th

Madison Square Garden logo with Consumer Discretionary background

Key Points

  • Madison Square Garden, PENN Entertainment, and Sphere Entertainment are highlighted as key Esports stocks to consider for investment, reflecting their significant presence in the competitive video-gaming industry.
  • Madison Square Garden Sports Corp. has a market cap of $4.83 billion and a current stock price of $201.32, with notable sports franchises under its portfolio.
  • PENN Entertainment operates across various segments and includes online sports betting, reporting a stock price of $17.02 and a market cap of $2.48 billion.
  • Need better tools to track Madison Square Garden? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Madison Square Garden, PENN Entertainment, and Sphere Entertainment are the three Esports stocks to watch today, according to MarketBeat's stock screener tool. Esports stocks are shares of publicly traded companies that generate a significant portion of their revenue from the competitive video-gaming industry. This can include game publishers, tournament organizers, streaming platforms, hardware makers and peripheral manufacturers. By investing in esports stocks, shareholders gain exposure to the fast-growing market for organized competitive gaming, digital content and related sponsorship and advertising revenues. These companies had the highest dollar trading volume of any Esports stocks within the last several days.

Madison Square Garden (MSGS)

Madison Square Garden Sports Corp. operates as a professional sports company in the United States. The company owns and operates a portfolio of assets that consists of the New York Knickerbockers of the National Basketball Association (NBA) and the New York Rangers of the National Hockey League. Its other professional franchises include development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.

Madison Square Garden stock traded down $1.17 during trading hours on Tuesday, hitting $201.32. 201,548 shares of the company traded hands, compared to its average volume of 149,215. The firm has a market cap of $4.83 billion, a P/E ratio of 958.43 and a beta of 0.79. The firm's 50-day simple moving average is $200.98 and its two-hundred day simple moving average is $198.26. Madison Square Garden has a 1-year low of $173.26 and a 1-year high of $237.99.

Read Our Latest Research Report on MSGS

PENN Entertainment (PENN)

PENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates online sports betting in various jurisdictions; and iCasino under Hollywood Casino, L'Auberge, ESPN BET, and theScore Bet Sportsbook and Casino brands.

NASDAQ:PENN traded up $0.22 during mid-day trading on Tuesday, reaching $17.02. 1,413,067 shares of the stock were exchanged, compared to its average volume of 4,323,872. The business has a fifty day moving average price of $17.55 and a 200 day moving average price of $17.42. The firm has a market capitalization of $2.48 billion, a PE ratio of -30.31 and a beta of 1.60. PENN Entertainment has a 1-year low of $13.25 and a 1-year high of $23.08. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 2.39.

Read Our Latest Research Report on PENN

Sphere Entertainment (SPHR)

Sphere Entertainment Co. engages in the entertainment business. It produces, presents, or hosts various live entertainment events, including concerts, family shows, and special events, as well as sporting events, such as professional boxing, college basketball and hockey, professional bull riding, mixed martial arts, and esports and wrestling in its venues, including The Garden, Hulu Theater, Radio City Music Hall, and the Beacon Theatre in New York City; and The Chicago Theatre.

NYSE:SPHR traded up $0.94 during mid-day trading on Tuesday, reaching $39.64. 598,769 shares of the stock were exchanged, compared to its average volume of 805,504. The business has a fifty day moving average price of $41.57 and a 200 day moving average price of $37.84. The firm has a market capitalization of $1.42 billion, a PE ratio of -3.96 and a beta of 1.71. Sphere Entertainment has a 1-year low of $23.89 and a 1-year high of $50.88. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.24.

Read Our Latest Research Report on SPHR

Read More

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Madison Square Garden Right Now?

Before you consider Madison Square Garden, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Madison Square Garden wasn't on the list.

While Madison Square Garden currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

5G Stocks: The Path Forward is Profitable Cover

Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Overlooked Stocks Riding the AI Data Center Boom
3 Growth Stock Winners to Watch And 3 to Avoid
3 Growth Stocks That Could Pop Before Summer Ends

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines