Esports Stocks To Add to Your Watchlist – May 11th

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 business models revolve around competitive video gaming—whether through game development, hardware and peripheral manufacturing, tournament organization or streaming platforms. By investing in these equities, shareholders gain exposure to the rapidly expanding market for professional gaming, sponsorships and media rights. Demand for esports stocks is driven by rising viewership, advertising revenues and the mainstream acceptance of gaming as a spectator sport. 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.

Shares of NASDAQ:NSIT traded down $3.11 during trading hours on Friday, hitting $133.22. 404,640 shares of the company’s stock traded hands, compared to its average volume of 314,949. The company’s fifty day simple moving average is $142.60 and its two-hundred day simple moving average is $156.43. The company has a market cap of $4.25 billion, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 1.40 and a beta of 1.22. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.15 and a current ratio of 1.18. 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.

PENN stock traded up $0.30 on Friday, hitting $15.59. 3,412,019 shares of the company’s stock traded hands, compared to its average volume of 4,271,724. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of -4.39, a P/E/G ratio of 1.55 and a beta of 1.81. 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 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 2.34. The stock has a fifty day moving average of $15.97 and a 200-day moving average of $18.77.

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 up $0.92 during trading on Friday, hitting $32.50. The company had a trading volume of 862,410 shares, compared to its average volume of 813,088. The company has a market cap of $1.16 billion, a P/E ratio of -3.10 and a beta of 1.51. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.56 and a current ratio of 0.56. The business’s 50-day moving average is $29.96 and its 200 day moving average is $37.93. Sphere Entertainment has a 52 week low of $23.89 and a 52 week high of $50.88.