Promising Esports Stocks To Watch Now – May 22nd

Sphere Entertainment, PENN Entertainment, Madison Square Garden Sports, Insight Enterprises, DouYu International, GameSquare, and Motorsport Games are the seven Esports stocks to watch today, according to MarketBeat’s stock screener tool. Esports stocks are shares of publicly traded companies whose primary business activities support or benefit from competitive video gaming—this includes game developers and publishers, tournament organizers, streaming platforms, hardware manufacturers, and even professional team operators. By buying esports stocks, investors gain exposure to the fast-growing esports ecosystem, which generates revenue through sponsorships, advertising, media rights and merchandise. Like many niche entertainment sectors, esports stocks can offer significant growth potential but may also experience heightened volatility as the industry evolves. These companies had the highest dollar trading volume of any Esports stocks within the last several days.

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.

Shares of SPHR traded up $0.25 during mid-day trading on Thursday, hitting $36.59. The company’s stock had a trading volume of 888,118 shares, compared to its average volume of 812,410. The stock’s 50-day moving average is $30.61 and its two-hundred day moving average is $37.66. 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 capitalization of $1.31 billion, a PE ratio of -3.48 and a beta of 1.51. Sphere Entertainment has a one year low of $23.89 and a one year high of $50.88.

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.

Shares of NASDAQ PENN traded up $0.40 during midday trading on Thursday, reaching $14.60. 1,727,316 shares of the company traded hands, compared to its average volume of 4,207,516. The firm has a market cap of $2.20 billion, a PE ratio of -4.12, a PEG ratio of 1.55 and a beta of 1.81. The stock’s 50-day simple moving average is $15.65 and its 200-day simple moving average is $18.54. PENN Entertainment has a 12 month low of $13.25 and a 12 month high of $23.08. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.94 and a current ratio of 0.94.

Madison Square Garden Sports (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.

Shares of NYSE:MSGS traded down $2.02 during midday trading on Thursday, reaching $189.12. The company’s stock had a trading volume of 43,234 shares, compared to its average volume of 112,963. The business’s fifty day simple moving average is $191.94 and its 200-day simple moving average is $208.38. The company has a market capitalization of $4.54 billion, a P/E ratio of 79.84 and a beta of 0.78. Madison Square Garden Sports has a fifty-two week low of $173.26 and a fifty-two week high of $237.99.

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 down $0.85 during midday trading on Thursday, reaching $132.59. 55,363 shares of the company were exchanged, compared to its average volume of 321,898. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.15 and a current ratio of 1.18. Insight Enterprises has a one year low of $126.10 and a one year high of $228.07. The stock has a market capitalization of $4.23 billion, a P/E ratio of 20.30, a PEG ratio of 1.40 and a beta of 1.22. The stock’s 50-day simple moving average is $139.71 and its 200 day simple moving average is $153.28.

DouYu International (DOYU)

DouYu International Holdings Limited, together with its subsidiaries, operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming services in the People’s Republic of China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.

Shares of NASDAQ:DOYU traded down $0.06 during trading on Thursday, hitting $6.75. 35,254 shares of the company’s stock traded hands, compared to its average volume of 226,854. The company has a market cap of $203.56 million, a price-to-earnings ratio of -7.59 and a beta of 0.83. The company has a 50-day moving average price of $7.10 and a 200-day moving average price of $10.16. DouYu International has a 52 week low of $5.68 and a 52 week high of $20.17.

GameSquare (GAME)

GameSquare Holdings, Inc. operates as a vertically integrated digital media, entertainment, and technology company. Its platform to connect with gaming and youth culture audiences. The company’s end-to-end platform includes Code Red Esports Ltd., an esports talent agency; GCN, a digital media company focusing on the gaming and esports audience; Zoned, a gaming and lifestyle marketing agency; Complexity Gaming, a esports organization operating; Fourth Frame Studios, a creative production studio; and Mission Supply, a merchandise and consumer products business; Frankly Media, programmatic advertising, Stream Hatchet, live streaming analytics, and Sideqik a social influencer marketing platform.

Shares of NASDAQ GAME traded up $0.02 during mid-day trading on Thursday, hitting $0.73. The company had a trading volume of 280,931 shares, compared to its average volume of 279,889. The firm has a 50-day simple moving average of $0.68 and a two-hundred day simple moving average of $0.80. GameSquare has a one year low of $0.50 and a one year high of $1.43. The company has a market capitalization of $28.41 million, a PE ratio of -0.48 and a beta of 0.68.

Motorsport Games (MSGM)

Motorsport Games Inc. develops and publishes multi-platform racing video games in the United States. It operates through Gaming and Esports segments. The company offers rFactor 2, a realistic racing simulation game; NASCAR Heat Mobile, a racing experience for mobile devices; NASCAR Heat 3, NASCAR Heat 4, NASCAR Heat 5, NASCAR Heat Ultimate Edition, and NASCAR 21: Ignition, which are racing video games; KartKraft, a kart racing simulator; NASCAR Rivals, a racing video game; and Le Mans Ultimate, a official game of the FIA World Endurance Championship and 24 Hours of Le Mans.

MSGM traded up $0.03 during trading hours on Thursday, reaching $2.97. The company’s stock had a trading volume of 25,674 shares, compared to its average volume of 580,879. The company’s 50-day moving average is $1.78 and its 200-day moving average is $1.45. Motorsport Games has a 52 week low of $0.73 and a 52 week high of $3.20. The firm has a market cap of $17.16 million, a PE ratio of 1.83 and a beta of 1.80.