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Genius Sports Limited (GENI) Is Down -9.87% in 2024 With Lots of Room to Run

Genius Sports Limited (NYSE: GENI) is -9.87% lower on its value in year-to-date trading and has touched a low of $3.55 and a high of $8.45 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GENI stock was last observed hovering at around $5.71 in the last trading session, with the day’s loss setting it -0.14%.

Currently trading at $5.57, the stock is -8.43% and -15.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.22 million and changing -2.45% at the moment leaves the stock -9.04% off its SMA200. GENI registered 26.88% gain for a year compared to 6-month gain of 5.69%. The firm has a 50-day simple moving average (SMA 50) of $2.62 and a 200-day simple moving average (SMA200) of $191.88.

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The stock witnessed a -21.66% loss in the last 1 month and extending the period to 3 months gives it a -12.56%, and is -0.71% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.27% over the week and 4.62% over the month.

Genius Sports Limited (GENI) has around 2300 employees, a market worth around $1.19B and $412.98M in sales. Profit margin for the company is -20.71%. Distance from 52-week low is 56.90% and -34.08% from its 52-week high. The company has generated returns on investments over the last 12 months (-14.84%).

Genius Sports Limited quarterly earnings per share for the current quarter are estimated at -$0.1 with sales reaching $116.79M over the same period.The EPS is expected to grow by 55.36% this year, but quarterly earnings will post 16.40% year-over-year. Quarterly sales are estimated to grow 20.10% in year-over-year returns.

Genius Sports Limited (GENI) Top Institutional Holders

158 institutions hold shares in Genius Sports Limited (GENI), with institutional investors hold 81.79% of the company’s shares. The shares outstanding are 209.12M, and float is at 154.75M with Short Float at 3.82%. Institutions hold 58.24% of the Float.

The top institutional shareholder in the company is Caledonia (Private) Investments Pty Ltd with over 20.53 million shares valued at $127.06 million. The investor’s holdings represent 9.97% of the GENI Shares outstanding. As of Jun 29, 2023, the second largest holder is Granahan Investment Management LLC with 10.53 million shares valued at $65.17 million to account for 5.11% of the shares outstanding. The other top investors are Bank Of New York Mellon Corporation which holds 6.63 million shares representing 3.22% and valued at over $41.07 million, while ARK Investment Management, LLC holds 3.06% of the shares totaling 6.29 million with a market value of $33.54 million.

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