SharpLink Gaming (NASDAQ:SBET) Shares Up 78.7% – Here’s What Happened

SharpLink Gaming, Inc. (NASDAQ:SBET) shot up 78.7% on Friday . The company traded as high as $6.91 and last traded at $6.72. 5,981,183 shares were traded during mid-day trading, an increase of 6,001% from the average session volume of 98,042 shares. The stock had previously closed at $3.76.

SharpLink Gaming Price Performance

The business’s 50-day moving average price is $3.32 and its two-hundred day moving average price is $5.59.

SharpLink Gaming (NASDAQ:SBET) last released its quarterly earnings results on Thursday, May 15th. The company reported ($1.73) earnings per share for the quarter. The firm had revenue of $0.74 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SharpLink Gaming stock. Value Base Ltd. acquired a new stake in shares of SharpLink Gaming, Inc. (NASDAQ:SBET) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 73,001 shares of the company’s stock, valued at approximately $47,000. SharpLink Gaming makes up 0.0% of Value Base Ltd.’s investment portfolio, making the stock its 7th largest position. Value Base Ltd. owned approximately 2.03% of SharpLink Gaming at the end of the most recent reporting period. Hedge funds and other institutional investors own 13.75% of the company’s stock.

SharpLink Gaming Company Profile

SharpLink Gaming, Inc operates as an online technology company that connects sports fans, leagues, and sports websites to sports betting and iGaming content. The company operates through four segments: Affiliate Marketing Services United States, Affiliate Marketing Services International, Sports Gaming Client Services, and SportsHub Games Network.