Shares of Sharplink Gaming Inc. (NASDAQ:SBET - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 21,442,694 shares traded hands during trading, an increase of 92% from the previous session's volume of 11,175,014 shares.The stock last traded at $22.05 and had previously closed at $22.14.
Sharplink Gaming Price Performance
The stock has a 50-day simple moving average of $22.43 and a 200 day simple moving average of $11.86.
Sharplink Gaming (NASDAQ:SBET - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The company reported ($1.73) earnings per share for the quarter. The company had revenue of $0.74 million during the quarter. Sharplink Gaming had a negative net margin of 94.08% and a negative return on equity of 162.25%.
Insider Transactions at Sharplink Gaming
In related news, CFO Robert Michael Delucia purchased 7,440 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was acquired at an average cost of $6.72 per share, for a total transaction of $49,996.80. Following the completion of the purchase, the chief financial officer owned 14,107 shares in the company, valued at approximately $94,799.04. This represents a 111.59% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rob Phythian acquired 44,640 shares of the stock in a transaction on Friday, May 30th. The shares were purchased at an average price of $6.72 per share, with a total value of $299,980.80. Following the completion of the transaction, the chief executive officer owned 57,349 shares of the company's stock, valued at approximately $385,385.28. This represents a 351.25% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 10.50% of the company's stock.
Sharplink Gaming Company Profile
(
Get Free Report)
SharpLink Gaming, Inc operates as an online technology company that connects sports fans, leagues, and sports websites to sports betting and iGaming content. The company operates through four segments: Affiliate Marketing Services United States, Affiliate Marketing Services International, Sports Gaming Client Services, and SportsHub Games Network.
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