Brera (NASDAQ:SLMT) Trading 13.7% Higher – Time to Buy?

Brera Holdings PLC (NASDAQ:SLMT) traded up 13.7% during trading on Friday . The company traded as high as $1.20 and last traded at $1.16. 887,740 shares changed hands during trading, a decline of 8% from the average session volume of 962,142 shares. The stock had previously closed at $1.02.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Wall Street Zen cut shares of Brera from a “hold” rating to a “sell” rating in a research note on Monday, November 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brera in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Brera Stock Performance

The company’s 50-day moving average is $1.97. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.28 and a quick ratio of 0.28.

Brera (NASDAQ:SLMT) last posted its quarterly earnings data on Friday, October 24th. The company reported ($0.41) earnings per share for the quarter. The business had revenue of $0.16 million for the quarter.

Institutional Investors Weigh In On Brera

An institutional investor recently bought a new position in Brera stock. HighTower Advisors LLC acquired a new position in shares of Brera Holdings PLC (NASDAQ:SLMT) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 15,000 shares of the company’s stock, valued at approximately $28,000. Institutional investors and hedge funds own 68.26% of the company’s stock.

Brera Company Profile

Brera Holdings PLC is an Irish holding company focused on expanding social impact football by developing a global portfolio of emerging football clubs with increased opportunities to earn tournament prizes, gain sponsorships, and provide other professional football and related consulting services. We seek to build on the legacy and brand of Brera FC, the first football club that we acquired in July 2022. Brera FC is an amateur football association which has been building an alternative football legacy since its founding in 2000.