Allied Gaming & Entertainment (AGAE) Scheduled to Post Earnings on Monday

Allied Gaming & Entertainment (NASDAQ:AGAE) is scheduled to be releasing its earnings data after the market closes on Monday, August 19th. Persons interested in listening to the company’s earnings conference call can do so using this link.

Allied Gaming & Entertainment (NASDAQ:AGAE) last issued its quarterly earnings data on Monday, May 20th. The company reported ($0.04) EPS for the quarter. The company had revenue of $2.38 million during the quarter. Allied Gaming & Entertainment had a negative net margin of 38.47% and a negative return on equity of 3.84%.

Allied Gaming & Entertainment Trading Up 8.9 %

Allied Gaming & Entertainment stock opened at $1.34 on Friday. Allied Gaming & Entertainment has a 12 month low of $0.61 and a 12 month high of $1.57. The company has a market capitalization of $60.99 million, a PE ratio of -14.89 and a beta of 1.49. The stock has a 50-day moving average price of $1.22 and a two-hundred day moving average price of $1.02.

Insider Activity at Allied Gaming & Entertainment

In other news, major shareholder Roy Choi purchased 258,010 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were purchased at an average price of $1.27 per share, for a total transaction of $327,672.70. Following the transaction, the insider now owns 2,461,832 shares of the company’s stock, valued at $3,126,526.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders purchased 633,010 shares of company stock worth $831,923 over the last three months. Company insiders own 39.40% of the company’s stock.

About Allied Gaming & Entertainment

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.