Promising Esports Stocks To Watch Now – March 4th

Sphere Entertainment, PENN Entertainment, and Insight Enterprises are the three Esports stocks to watch today, according to MarketBeat’s stock screener tool. Esports stocks are shares in companies that are either directly involved in competitive gaming, such as professional teams and tournament organizers, or that provide products and services to the esports industry, including game developers and streaming platforms. These stocks offer investors a stake in the rapidly growing market of esports, which benefits from increasing viewership, sponsorship, and participation worldwide. These companies had the highest dollar trading volume of any Esports stocks within the last several days.

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.

Shares of NYSE SPHR traded down $0.09 during midday trading on Tuesday, hitting $37.60. The company’s stock had a trading volume of 1,390,901 shares, compared to its average volume of 698,902. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.56 and a current ratio of 0.56. Sphere Entertainment has a 1-year low of $32.10 and a 1-year high of $51.83. The firm’s fifty day moving average price is $43.53 and its 200-day moving average price is $43.14. The firm has a market cap of $1.33 billion, a P/E ratio of -3.59 and a beta of 1.39.

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 down $0.96 during trading hours on Tuesday, reaching $19.80. The company’s stock had a trading volume of 2,397,944 shares, compared to its average volume of 4,517,047. The stock has a market cap of $3.02 billion, a PE ratio of -5.56, a PEG ratio of 1.55 and a beta of 2.09. The business has a 50-day simple moving average of $20.34 and a 200 day simple moving average of $19.80. PENN Entertainment has a 52 week low of $13.50 and a 52 week high of $23.08. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 2.34.

Insight Enterprises (NSIT)

Insight Enterprises, Inc., together with its subsidiaries, provides information technology, hardware, software, and services in the United States and internationally. The company offers modern platforms/infrastructure that manages and supports cloud and data platforms, modern networks, and edge technologies; cybersecurity solutions automates and connects modern platform securely; data and artificial intelligence modernizes data platforms and architectures, and build data analytics and AI solutions; modern workplace and apps; and intelligent edge solutions that gathers and utilizes data for real-time decision making.

NSIT traded up $3.99 during trading on Tuesday, reaching $153.96. 132,930 shares of the company were exchanged, compared to its average volume of 273,624. Insight Enterprises has a 52 week low of $146.56 and a 52 week high of $228.07. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average of $162.54 and a 200 day moving average of $180.58. The stock has a market cap of $4.89 billion, a P/E ratio of 23.58, a PEG ratio of 1.40 and a beta of 1.42.