Allied Gaming & Entertainment (NASDAQ:AGAE – Get Free Report) announced its earnings results on Tuesday. The company reported $0.02 earnings per share for the quarter, Zacks reports. Allied Gaming & Entertainment had a net margin of 1.58% and a return on equity of 3.50%. The business had revenue of $179.67 million during the quarter.
Allied Gaming & Entertainment Stock Down 5.6 %
AGAE stock opened at $1.01 on Friday. The business has a 50 day moving average of $1.06 and a 200 day moving average of $1.00. The firm has a market cap of $37.21 million, a PE ratio of -20.20 and a beta of 1.31. Allied Gaming & Entertainment has a twelve month low of $0.76 and a twelve month high of $1.50.
Insiders Place Their Bets
In related news, major shareholder Roy Choi bought 159,665 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were purchased at an average cost of $1.26 per share, with a total value of $201,177.90. Following the completion of the purchase, the insider now owns 8,741,208 shares in the company, valued at approximately $11,013,922.08. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, major shareholder Knighted Pastures Llc purchased 28,876 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were purchased at an average price of $0.98 per share, with a total value of $28,298.48. Following the acquisition, the insider now directly owns 8,306,374 shares in the company, valued at approximately $8,140,246.52. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Roy Choi bought 159,665 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was bought at an average cost of $1.26 per share, with a total value of $201,177.90. Following the transaction, the insider now owns 8,741,208 shares in the company, valued at approximately $11,013,922.08. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 209,841 shares of company stock valued at $253,545. 39.40% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Allied Gaming & Entertainment
About Allied Gaming & Entertainment
Allied Gaming & Entertainment Inc provides entertainment and gaming products worldwide. It operates esports properties to connect players and fans through a network of connected arenas; a flagship gaming arena located at the Luxor Hotel in Las Vegas, Nevada; a mobile esports truck that serves as a battleground and content generation hub; and a studio for recording and streaming gaming events.
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