Promising Esports Stocks To Add to Your Watchlist – August 12th

Madison Square Garden, PENN Entertainment, and Sphere Entertainment are the three Esports stocks to watch today, according to MarketBeat’s stock screener tool. Esports stocks are shares of publicly traded companies that generate a significant portion of their revenue from the competitive video-gaming industry. This can include game publishers, tournament organizers, streaming platforms, hardware makers and peripheral manufacturers. By investing in esports stocks, shareholders gain exposure to the fast-growing market for organized competitive gaming, digital content and related sponsorship and advertising revenues. These companies had the highest dollar trading volume of any Esports stocks within the last several days.

Madison Square Garden (MSGS)

Madison Square Garden Sports Corp. operates as a professional sports company in the United States. The company owns and operates a portfolio of assets that consists of the New York Knickerbockers of the National Basketball Association (NBA) and the New York Rangers of the National Hockey League. Its other professional franchises include development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League.

Madison Square Garden stock traded down $1.17 during trading hours on Tuesday, hitting $201.32. 201,548 shares of the company traded hands, compared to its average volume of 149,215. The firm has a market cap of $4.83 billion, a P/E ratio of 958.43 and a beta of 0.79. The firm’s 50-day simple moving average is $200.98 and its two-hundred day simple moving average is $198.26. Madison Square Garden has a 1-year low of $173.26 and a 1-year high of $237.99.

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 $0.22 during mid-day trading on Tuesday, reaching $17.02. 1,413,067 shares of the stock were exchanged, compared to its average volume of 4,323,872. The business has a fifty day moving average price of $17.55 and a 200 day moving average price of $17.42. The firm has a market capitalization of $2.48 billion, a PE ratio of -30.31 and a beta of 1.60. PENN Entertainment has a 1-year low of $13.25 and a 1-year high of $23.08. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 2.39.

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 $0.94 during mid-day trading on Tuesday, reaching $39.64. 598,769 shares of the stock were exchanged, compared to its average volume of 805,504. The business has a fifty day moving average price of $41.57 and a 200 day moving average price of $37.84. The firm has a market capitalization of $1.42 billion, a PE ratio of -3.96 and a beta of 1.71. Sphere Entertainment has a 1-year low of $23.89 and a 1-year high of $50.88. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.24.