Top Esports Stocks To Watch Now – May 8th

PENN Entertainment, Sphere Entertainment, and Insight Enterprises are the three Esports stocks to watch today, according to MarketBeat’s stock screener tool. Esports stocks are shares of publicly traded companies whose revenues are significantly tied to competitive video gaming, encompassing game developers, tournament organizers, streaming platforms and gaming-hardware manufacturers. Investing in these stocks offers exposure to the rapidly growing esports market and its related industries. 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.

NASDAQ PENN traded up $0.23 on Thursday, hitting $15.94. 1,825,446 shares of the company were exchanged, compared to its average volume of 4,288,641. PENN Entertainment has a twelve month low of $13.25 and a twelve month high of $23.08. The company’s 50 day moving average price is $16.16 and its 200-day moving average price is $18.82. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $2.40 billion, a P/E ratio of -4.49, a price-to-earnings-growth ratio of 1.55 and a beta of 1.81.

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 $0.99 during trading hours on Thursday, hitting $30.77. 468,579 shares of the company’s stock traded hands, compared to its average volume of 817,211. The stock’s fifty day moving average price is $30.19 and its two-hundred day moving average price is $38.16. 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 firm has a market cap of $1.10 billion, a P/E ratio of -2.93 and a beta of 1.51. Sphere Entertainment has a twelve month low of $23.89 and a twelve month high of $50.88.

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.

NSIT stock traded up $3.03 during midday trading on Thursday, reaching $136.33. The company had a trading volume of 98,275 shares, compared to its average volume of 311,836. The company has a 50 day moving average of $143.26 and a two-hundred day moving average of $157.97. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.30. Insight Enterprises has a 1 year low of $126.10 and a 1 year high of $228.07. The company has a market capitalization of $4.35 billion, a P/E ratio of 20.91, a PEG ratio of 1.40 and a beta of 1.22.