Super League Enterprise (NASDAQ:SLE) Shares Down 2.4% – What’s Next?

Super League Enterprise, Inc. (NASDAQ:SLE)’s stock price dropped 2.4% on Monday . The stock traded as low as $3.20 and last traded at $3.25. Approximately 30,150 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 2,385,709 shares. The stock had previously closed at $3.33.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Super League Enterprise in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Super League Enterprise Stock Down 2.4%

The stock has a market cap of $4.88 million, a PE ratio of -0.03 and a beta of 1.51. The business’s fifty day moving average is $4.00 and its 200 day moving average is $5.78.

Super League Enterprise (NASDAQ:SLE) last released its quarterly earnings data on Friday, May 15th. The company reported ($1.77) EPS for the quarter, topping analysts’ consensus estimates of ($1.92) by $0.15. The firm had revenue of $3.00 million for the quarter, compared to the consensus estimate of $2.80 million. Super League Enterprise had a negative net margin of 171.90% and a negative return on equity of 308.07%. During the same quarter in the previous year, the firm earned ($199.79) earnings per share. As a group, analysts predict that Super League Enterprise, Inc. will post -8.76 EPS for the current year.

Institutional Trading of Super League Enterprise

A number of institutional investors have recently added to or reduced their stakes in SLE. Bank of America Corp DE boosted its holdings in Super League Enterprise by 365,800.0% during the third quarter. Bank of America Corp DE now owns 10,977 shares of the company’s stock worth $49,000 after buying an additional 10,974 shares in the last quarter. Empery Asset Management LP purchased a new stake in Super League Enterprise during the fourth quarter worth about $763,000. Finally, Mariner LLC purchased a new stake in Super League Enterprise during the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 2.06% of the company’s stock.

About Super League Enterprise

Super League Enterprise, Inc creates and publishes content and media solutions across immersive platforms in the United States and internationally. The company offers access to audiences who gather in immersive digital spaces to socialize, play, explore, collaborate, shop, learn, and create. It also provides a range of development, distribution, monetization, and optimization capabilities designed to engage users through dynamic and energized programs. Its proprietary cloud-based platform offers dynamic media technology; metaverse game experience and tournament technology; and fully remote production and livestream broadcast technology.