Esports Stocks To Research – June 6th

PENN Entertainment, Insight Enterprises, 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, such as game developers, tournament organizers, streaming platforms and hardware manufacturers targeting the esports market. Buying these stocks lets investors gain exposure to the rapid growth and monetization of professional gaming leagues, sponsors and digital broadcasting. These companies had the highest dollar trading volume of any Esports stocks within the last several days.

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 down $0.14 during midday trading on Friday, reaching $15.55. 1,532,281 shares of the company’s stock traded hands, compared to its average volume of 4,075,598. The company has a 50-day simple moving average of $15.21 and a two-hundred day simple moving average of $18.16. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 2.34. PENN Entertainment has a 1-year low of $13.25 and a 1-year high of $23.08. The company has a market cap of $2.35 billion, a price-to-earnings ratio of -4.38, a PEG ratio of 1.55 and a beta of 1.56.

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 NSIT stock traded up $1.35 during trading hours on Friday, hitting $133.58. 65,293 shares of the company’s stock were exchanged, compared to its average volume of 381,826. Insight Enterprises has a 52 week low of $126.10 and a 52 week high of $228.07. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 1.40 and a beta of 1.20. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15. The stock’s 50-day moving average is $134.67 and its 200-day moving average is $150.89.

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 $0.17 on Friday, hitting $37.50. 188,078 shares of the company were exchanged, compared to its average volume of 810,515. Sphere Entertainment has a 1-year low of $23.89 and a 1-year high of $50.88. The company has a market cap of $1.34 billion, a P/E ratio of -3.57 and a beta of 1.51. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average of $31.70 and a two-hundred day moving average of $37.32.