Brag House (NASDAQ:TBH) Trading Down 4.6% – Here’s Why

Shares of Brag House Holdings, Inc. (NASDAQ:TBH) dropped 4.6% on Thursday . The stock traded as low as $0.25 and last traded at $0.2563. Approximately 515,223 shares changed hands during trading, an increase of 196% from the average daily volume of 174,129 shares. The stock had previously closed at $0.2687.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings began coverage on shares of Brag House in a report on Monday, January 26th. They issued a “sell (e+)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Brag House presently has an average rating of “Sell”.

Brag House Price Performance

The company has a market capitalization of $5.37 million and a price-to-earnings ratio of -1.28.

Institutional Trading of Brag House

A hedge fund recently bought a new stake in Brag House stock. HRT Financial LP bought a new position in Brag House Holdings, Inc. (NASDAQ:TBH) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 73,400 shares of the company’s stock, valued at approximately $29,000. HRT Financial LP owned 0.35% of Brag House at the end of the most recent reporting period.

About Brag House

Brag House offers an integrated electronic video game sports, or esports, platform designed for casual gamers and their friends to experience the fun, passion, intensity and excitement of college sports rivalries in an organic, inclusive and personalized gaming environment, while creating authentic pathway for brands to connect with our Generation Z (“Gen Z”) audience. The vision for Brag House began with our founders — co-founder and Chief Executive Officer Lavell Juan Malloy, II and co-founder, Chief Operating Officer and Interim Chief Financial Officer Daniel Leibovich — who recognized a need in the gaming industry for an esports platform focused on the casual college gamer.