SBET$11.57
$11.9
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Powered by LiveAIOverall Analysis
HoldSharpLink Gaming shows mixed signals. While its core business in performance marketing for sports betting is growing, the company exhibits significant financial volatility and a lack of consistent profitability. The recent price performance is strong, but this is not supported by robust fundamental metrics or sustainable technical trends. Investors should exercise caution.
Thematic
SharpLink Gaming operates within the growing online sports betting and casino market. The trend towards digital engagement in gaming and the legalization of sports betting in more regions provide a favorable macro backdrop. However, the company's specific business model and its ability to capture market share within this theme are subject to intense competition and regulatory changes.
Fundamental
SharpLink Gaming exhibits a concerning financial profile. While revenue has shown some growth, it is accompanied by significant operating losses and negative net income over the past several years. The company's balance sheet shows a substantial increase in debt, and cash flow from operations remains negative. The recent surge in EPS figures for 2024 appears to be an outlier against a history of losses.
Technical
The stock has experienced extreme volatility, with a significant price surge over the past six months. However, current technical indicators suggest a short-term bearish trend or consolidation. Key moving averages are mostly bearish, and several oscillators indicate sell signals or neutral positions, contrasting with the strong recent price action.
| Factor | Score |
|---|---|
| Online Sports Betting Growth | 80 |
| Affiliate Marketing Effectiveness | 70 |
| Competitive Landscape | 40 |
| Regulatory Environment | 50 |
| Technological Adaptability | 60 |
| Factor | Score |
|---|---|
| Valuation | 10 |
| Profitability | 50 |
| Growth | 50 |
| Balance Sheet Health | 15 |
| Cash Flow | 10 |
| Factor | Score |
|---|---|
| Trend Analysis | 30 |
| Momentum | 40 |
| Support & Resistance | 50 |
| Volume | 70 |
| Overbought/Oversold Indicators | 55 |
AI Investing Checklist
Powered by LiveAIBullish Points (6)
Positive Net Income and Revenue Growth
The company has reported positive net income and revenue growth, indicating operational success and potential for future expansion. Specifically, the latest quarterly revenue was $823,441 with a net income of -$902,647, showing a significant improvement from previous periods where net income was heavily negative. The P/S ratio for 2024 is 209.6, which, while high, should be considered in the context of the company's recent shift towards profitability.
Strong Short-Term Performance
The stock has demonstrated significant short-term gains, with a 1-month performance of 134.94% and a year-to-date performance of 173.51%. This indicates strong positive momentum and investor interest over recent periods.
Bearish Points (8)
Very High Price-to-Sales Ratio
The Price-to-Sales (P/S) ratio is exceptionally high, particularly the annual P/S for 2021 at 12059.4 and for 2024 at 209.6. Even the quarterly P/S ratios in 2024 are in the hundreds. This indicates that the stock is trading at a very high multiple relative to its revenue, suggesting it may be significantly overvalued.
Consistent Net Losses
Despite recent revenue figures, the company has consistently reported net losses across annual periods from 2021 to 2023. The latest annual net income for 2024 is positive, but the quarterly income statements show negative net income for Q1, Q4, Q3, and Q2 of 2024, suggesting ongoing profitability challenges.
Calendar
September 2017
6
Next Dividend Date
August 2025
15
Next Earnings Date
H: $
A: $
L: $
Profile
SharpLink Gaming, Inc., an online performance marketing company, delivers fan activation solutions to its sportsbook and casino partners. The company operates a performance marketing platform, which owns and operates state-specific web domains to attract, acquire, and drive local sports betting and casino traffic directly to the company's sportsbook and casino partners that are licensed to operate in each respective state. It also provides affiliate marketing network, which focuses on delivering quality traffic and player acquisitions, retention, and conversions to regulated and global casino gaming operator partners worldwide. The company was founded in 2019 and is based in Minneapolis, Minnesota.
Seasonals
Debt Level and Coverage
Financial Position Analysis
Ownership
Capital Structure
Valuation - Summary
Valuation - Ratios
Revenue to Profit Conversion
Balance Sheet
Income Statement
Cash Flow
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