How to Buy Genius Sports Stock
Genius Sports Ltd
dMY Technology Group, Inc. II intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.
Genius Sports stock last closed at $5.29, down 2.04% from the previous day, and has increased 17.04% in one year. It has underperformed other stocks in the Internet Content & Information industry by 0.1 percentage points. Genius Sports stock is currently +69.55% from its 52-week low of $3.12, and -37.4% from its 52-week high of $8.45.
There are currently 227.42M GENI shares outstanding. The market value of GENI is $1.20B. In the past 24 hours, 1.56M GENI shares were traded.
How to Buy Genius Sports Stock
Not sure how to invest in Genius Sports stock? Here's how.
- Figure out where to buy Genius Sports stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you determine where to buy Genius Sports stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your investment account: Select your method of payment and add your information.
- Evaluate Genius Sports stock: The Genius Sports ticker symbol is GENI. Is Genius Sports stock a good investment? Should you buy shares of GENI? How do GENI's underlying business fundamentals look? Do top analysts think Genius Sports is a good buy? Why has GENI's stock price moved recently? (Hint: Our stock market research website can help you figure out if GENI is a good stock to buy).
- Place your GENI buy order: Decide if you will purchase GENI shares at the current market price or use a limit order to purchase GENI stock at a given price.
- Get key alerts regarding your investment in GENI: Create a watchlist to important notifications about your position in Genius Sports stock.
Step 1: Figure out where to buy Genius Sports stock
You need a brokerage account in order to access the NYSE market and buy GENI stock.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen the best brokerage, the next step is to fill out some personal details so you are able to buy GENI stock today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to start your new trading account.
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Step 3: Deposit money your investment account
Now that you've finished signing up on the stocks app, you need to deposit funds:
Check out the walkthrough below for more details depositing money into your investment account.
Step 4: Evaluate Genius Sports stock
After you have decided on the best place to buy Genius Sports stock, it's important to evaluate their stock before you invest, so you truly comprehend the risk and upside.
Genius Sports stock at a glance
GENI Fundamentals
WallStreetZen was designed to help average investors perform more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on GENI's stock page.
What is the fair value of GENI stock?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge GENI's fair value.
Using relative valuations methods:
- GENI may be undervalued based on its P/B ratio of 2.08x, relative to Internet Content & Information industry P/B ratio of 5.43x
You can do more valuation analysis on GENI's stock here.
GENI Financials at a glance
Passed Health Checks:
- There are more short-term assets than long-term liabilities on the GENI balance sheet.
- GENI has $91.99M in cash and short term investments. This is sufficient to cover its annual cash burn of $54.40M.
- GENI has a low debt to equity ratio of 0.34.
- GENI has cash burn of 54401000. It has sufficient cash and short-term investments to cover this for at least one year.
- There are more short-term assets than short-term liabilities on the GENI balance sheet.
Failed Health Checks:
- GENI profit margin has gone down from -33.5% to -44.7% in the past year.
Do Wall Street analysts think it's a good time to buy Genius Sports stock
Out of 8 Equities analysts who research GENI, the consensus analyst rating on Genius Sports is a Strong Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Latest GENI Analyst Recommendations
Jed Kelly, a bottom 6% analyst from Oppenheimer maintains GENI with a buy rating and raises their GENI price target from $7.00 to $10.00, on Aug 8, 2023.
Jason Bazinet, a top 21% analyst from Citigroup maintains GENI with a strong buy rating and raises their GENI price target from $7.00 to $9.00, on Jul 19, 2023.
Citigroup's Jason Bazinet raised their price target on Genius Sports Ltd (NYSE: GENI) by 28.57% from $7.00 to $9.00 on 2023/07/19. The analyst maintained their Strong Buy rating on the stock.
Their PT revision was prompted by the firm's continued collaboration with Football DataCo* and the NFL**, the analyst told investors.
Because the company has renewed with its two important partners without going through a competitive bidding procedure, a possible "overhang on the equity" has been removed, Bazinet said.
Their new PT reflects "this de-risking and enhanced visibility," the analyst noted.
Footnotes
* From here: On 2023/06/23, Genius Sports announced that it has won a major new expansion and extension of its exclusive low latency official data partnership with Football DataCo, the data rights holder of UK football.
** From here: On 2023/07/06, Genius Sports and the NFL agreed to a multi-year extension of their existing strategic partnership to power the next generation of NFL fan experiences through official data and video distribution. The new extended deal will run through the end of the 2027 to 2028 season.
Genius Sports will remain the NFL’s exclusive distributor of real-time, official play-by-play statistics, proprietary Next Gen Stats (“NGS”) data and the NFL’s official sports betting data feed to media companies and sports betting operators globally.
Clark Lampen, a bottom 24% analyst from BTIG maintains GENI with a strong buy rating and raises their GENI price target from $6.00 to $9.00, on Jul 11, 2023.
You can dive deeper into what analysts are projecting on the Genius Sports stock forecast page.
GENI Momentum
GENI Revenue
Last year, GENI revenue was $391.14M. In the last three year, GENI's revenue has gone up by 121.7% per year. This was faster than the Internet Content & Information industry average of 20.25%.
Find out more about GENI's earnings and revenue performance here.
Who is buying/selling GENI?
In the past 12 months, insiders at GENI have not bought or sold any shares.
Learn more about who owns GENI stock here.
Can I get consistent income from GENI stock?
No, Genius Sports doesn't provide an income stream by paying out dividends.
What do other investors have to say about GENI?
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Place your GENI buy order
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly sufficient. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a given price limit, place a limit order.
Click the Open Trade button and eToro will execute your order.
If you require more help buying stocks on eToro, watch the how to video below:
Step 6: Get key alerts regarding your investment in GENI
Now that you own some shares in GENI, you'll want to keep up with your investment.
Add GENI to a watchlist to keep tabs on your GENI stock.
GENI Feed
How to Buy Stock in Genius Sports
To reiterate, here are the 6 steps for buying Genius Sports stock:
- Figure out where to buy Genius Sports stock
- Sign up for a brokerage account
- Deposit money your investment account
- Evaluate Genius Sports stock
- Place your GENI buy order
- Get key alerts regarding your investment in GENI
If you need a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to watch your new investment in Genius Sports, create a watchlist on WallStreetZen today.
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