Esports Stocks To Research – May 17th

Insight Enterprises, 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 whose core business revolves around competitive video gaming—this can include game developers, tournament organizers, hardware manufacturers and streaming platforms. By buying these stocks, investors gain direct exposure to the rapidly growing esports market and its revenue streams from sponsorships, media rights and advertising. These companies had the highest dollar trading volume of any Esports stocks within the last several days.

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.

NASDAQ:NSIT traded up $2.48 on Friday, hitting $137.08. The company had a trading volume of 552,341 shares, compared to its average volume of 321,393. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 1.40 and a beta of 1.22. 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 $140.69 and a two-hundred day moving average of $154.29. Insight Enterprises has a 52 week low of $126.10 and a 52 week high of $228.07.

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 $0.20 on Friday, hitting $16.01. The company’s stock had a trading volume of 3,012,331 shares, compared to its average volume of 4,231,297. PENN Entertainment has a 1-year low of $13.25 and a 1-year high of $23.08. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.34. The company’s 50-day moving average is $15.75 and its 200 day moving average is $18.65. The firm has a market cap of $2.42 billion, a PE ratio of -4.51, a PEG ratio of 1.55 and a beta of 1.81.

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 $1.26 during trading hours on Friday, reaching $38.80. The company had a trading volume of 1,005,979 shares, compared to its average volume of 815,158. Sphere Entertainment has a twelve month low of $23.89 and a twelve month high of $50.88. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of -3.70 and a beta of 1.51. The business’s 50-day simple moving average is $30.20 and its two-hundred day simple moving average is $37.74. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.23.