Best Esports Stocks To Follow Now – May 16th

Insight Enterprises, 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 significant revenue from competitive video gaming, including game developers, tournament organizers, professional teams and leagues, and streaming platforms. They allow investors to gain exposure to the rapidly expanding esports industry, whose growth is driven by factors such as game popularity, sponsorship deals, media rights and audience engagement. These companies had the highest dollar trading volume of any Esports stocks within the last several days.

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 traded up $2.28 during trading on Friday, reaching $136.88. The company had a trading volume of 175,828 shares, compared to its average volume of 319,194. Insight Enterprises has a 52 week low of $126.10 and a 52 week high of $228.07. The stock has a market cap of $4.37 billion, a P/E ratio of 20.96, a PEG ratio of 1.40 and a beta of 1.22. The business has a 50 day simple moving average of $141.04 and a 200-day simple moving average of $154.79. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30.

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.

PENN stock traded up $0.18 during midday trading on Friday, reaching $15.99. The stock had a trading volume of 1,120,784 shares, compared to its average volume of 4,221,910. The firm has a fifty day simple moving average of $15.76 and a two-hundred day simple moving average of $18.68. The stock has a market cap of $2.41 billion, a PE ratio of -4.50, a P/E/G ratio of 1.55 and a beta of 1.81. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.94 and a current ratio of 0.94. PENN Entertainment has a 52-week low of $13.25 and a 52-week high of $23.08.

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.

SPHR traded up $0.84 during trading on Friday, reaching $38.38. The company’s stock had a trading volume of 222,157 shares, compared to its average volume of 897,560. The company has a market cap of $1.37 billion, a price-to-earnings ratio of -3.66 and a beta of 1.51. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.23. Sphere Entertainment has a 1 year low of $23.89 and a 1 year high of $50.88. The firm has a fifty day simple moving average of $30.05 and a two-hundred day simple moving average of $37.78.