Brera (NASDAQ:SLMT) Trading Down 4.4% – What’s Next?

Brera Holdings PLC (NASDAQ:SLMT) shares traded down 4.4% on Thursday . The company traded as low as $1.95 and last traded at $1.97. 900,477 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 1,352,600 shares. The stock had previously closed at $2.06.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brera in a report on Monday, December 29th. Wall Street Zen downgraded shares of Brera from a “hold” rating to a “sell” rating in a research note on Monday, November 10th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Brera Stock Performance

The stock has a 50-day moving average price of $3.05. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.01.

Brera (NASDAQ:SLMT) last issued its quarterly earnings results on Friday, October 24th. The company reported ($0.41) earnings per share (EPS) for the quarter. The firm had revenue of $0.16 million during the quarter.

About Brera

Brera Holdings PLC is an Irish holding company focused on expanding social impact football by developing a global portfolio of emerging football clubs with increased opportunities to earn tournament prizes, gain sponsorships, and provide other professional football and related consulting services. We seek to build on the legacy and brand of Brera FC, the first football club that we acquired in July 2022. Brera FC is an amateur football association which has been building an alternative football legacy since its founding in 2000.