Super League Enterprise (NASDAQ:SLE) Stock Price Down 2.4% – Time to Sell?

Super League Enterprise, Inc. (NASDAQ:SLE)’s stock price fell 2.4% during mid-day trading on Monday . The stock traded as low as $3.20 and last traded at $3.25. 30,150 shares changed hands during trading, a decline of 99% from the average session volume of 2,385,709 shares. The stock had previously closed at $3.33.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Super League Enterprise in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Super League Enterprise has an average rating of “Hold”.

Super League Enterprise Stock Up 3.8%

The stock has a market cap of $4.94 million, a P/E ratio of -0.04 and a beta of 1.51. The business has a 50 day moving average price of $3.98 and a two-hundred day moving average price of $5.67.

Super League Enterprise (NASDAQ:SLE) last released its quarterly earnings data on Friday, May 15th. The company reported ($1.77) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.92) by $0.15. The firm had revenue of $3.00 million during the quarter, compared to analyst estimates of $2.80 million. Super League Enterprise had a negative return on equity of 308.07% and a negative net margin of 171.90%.During the same quarter in the prior year, the company posted ($199.79) earnings per share. On average, research analysts forecast that Super League Enterprise, Inc. will post -8.76 earnings per share for the current year.

Hedge Funds Weigh In On Super League Enterprise

A number of hedge funds have recently made changes to their positions in SLE. Empery Asset Management LP bought a new position in shares of Super League Enterprise in the fourth quarter worth about $763,000. Mariner LLC bought a new position in shares of Super League Enterprise in the fourth quarter worth about $45,000. Finally, Bank of America Corp DE boosted its stake in shares of Super League Enterprise by 365,800.0% in the third quarter. Bank of America Corp DE now owns 10,977 shares of the company’s stock worth $49,000 after acquiring an additional 10,974 shares during the period. Institutional investors own 2.06% of the company’s stock.

About Super League Enterprise

Super League Enterprise, Inc creates and publishes content and media solutions across immersive platforms in the United States and internationally. The company offers access to audiences who gather in immersive digital spaces to socialize, play, explore, collaborate, shop, learn, and create. It also provides a range of development, distribution, monetization, and optimization capabilities designed to engage users through dynamic and energized programs. Its proprietary cloud-based platform offers dynamic media technology; metaverse game experience and tournament technology; and fully remote production and livestream broadcast technology.