Allied Gaming & Entertainment Inc. (NASDAQ:AGAE – Get Free Report) major shareholder Roy Choi purchased 258,010 shares of the firm’s stock in a transaction dated Thursday, June 27th. The shares were purchased at an average cost of $1.27 per share, for a total transaction of $327,672.70. Following the purchase, the insider now directly owns 2,461,832 shares in the company, valued at $3,126,526.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Allied Gaming & Entertainment Stock Performance
AGAE stock remained flat at $1.27 on Friday. The company had a trading volume of 129,125 shares, compared to its average volume of 54,924. Allied Gaming & Entertainment Inc. has a 12-month low of $0.61 and a 12-month high of $1.50. The firm’s 50-day moving average price is $0.82 and its two-hundred day moving average price is $0.98. The company has a market capitalization of $57.80 million, a P/E ratio of -14.11 and a beta of 1.35.
Allied Gaming & Entertainment (NASDAQ:AGAE – Get Free Report) last issued its quarterly earnings results on Monday, May 20th. The company reported ($0.04) earnings per share for the quarter. Allied Gaming & Entertainment had a negative return on equity of 3.84% and a negative net margin of 38.47%. The business had revenue of $2.38 million for the quarter.
Institutional Trading of Allied Gaming & Entertainment
Allied Gaming & Entertainment Company Profile
Allied Gaming & Entertainment Inc provides entertainment and gaming products worldwide. It operates esports properties to connect players and fans through a network of connected arenas; a flagship gaming arena located at the Luxor Hotel in Las Vegas, Nevada; a mobile esports truck that serves as a battleground and content generation hub; and a studio for recording and streaming gaming events.
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