Super League Enterprise (NASDAQ:SLE) Stock Breaks Below 200 Day Moving Average – Time to Sell?

Super League Enterprise, Inc. (NASDAQ:SLE) shares passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $4.06 and traded as low as $3.87. Super League Enterprise shares last traded at $3.97, with a volume of 65,119 shares traded.

Analysts Set New Price Targets

SLE has been the subject of several recent research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Super League Enterprise in a research report on Thursday, October 15th. Wall Street Zen upgraded shares of Super League Enterprise to a “hold” rating in a report on Saturday, October 3rd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold”.

Super League Enterprise Stock Down 7.0%

The company has a market cap of $6.75 million, a price-to-earnings ratio of -0.10 and a beta of 1.45. The firm has a 50 day moving average price of $4.83 and a two-hundred day moving average price of $4.06.

Super League Enterprise (NASDAQ:SLE) last issued its quarterly earnings data on Friday, August 14th. The company reported ($2.70) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.42) by ($1.28). The company had revenue of $3.01 million for the quarter, compared to the consensus estimate of $3.40 million. Super League Enterprise had a negative return on equity of 201.00% and a negative net margin of 185.60%.

Institutional Trading of Super League Enterprise

An institutional investor recently raised its stake in Super League Enterprise stock. SBI Securities Co. Ltd. grew its position in shares of Super League Enterprise, Inc. (NASDAQ:SLE) by 737,900.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,380 shares of the company’s stock after purchasing an additional 7,379 shares during the quarter. SBI Securities Co. Ltd. owned about 0.44% of Super League Enterprise worth $41,000 as of its most recent SEC filing. 2.06% of the stock is owned by hedge funds and other institutional investors.

About Super League Enterprise

Super League Enterprise, Inc. is a digital media and technology company that develops and operates entertainment experiences across popular video game and immersive virtual-world platforms. The company helps brands, advertisers, game publishers and other partners reach gaming audiences through interactive content, community programs and virtual experiences. Its services include the creation of branded activations, virtual events, original gaming content, social and community programming, and advertising solutions.