Super League Gaming reported losses per share of 21 cents in its Q4 earnings report. That was bad news for the company compared to Wall Street’s estimate of -18 cents per share. It was also wider than the loss of 19 cents per share from the same time last year.
In addition to that, the company’s revenue came in at $7.12 million. Yet again, that couldn’t match the $7.74 million in revenue that analysts were expecting for the quarter. Even if it’s up from the $6.19 million reported in the fourth quarter of 2021.
Following the initial report of its earnings on Thursday, shares of SLGG stock fell. That movement continued into Friday and appears to be responsible for the company’s stock saw a continued decline on Monday morning.
What This Means for SLGG Stock
If SLGG continues to lose value, the company may give up much of the gains it made throughout the year. However, the volatility it sees as a penny stock means some traders may continue to bet on it, which could push shares back up after its recent dip.
For example, shares of SLGG stock were down as much as 26% in pre-market trading this morning. However, currently, they are only down about 1%.
Investors can find more of the latest stock market news by checking below!
We’ve got all of the hottest stock market coverage investors need to know about on Monday! Among that is what has shares of Indonesia Energy (NYSEMKT:INDO), Imperial Petroleum (NASDAQ:IMPP), and Eastside Distilling (NASDAQ:EAST) stock moving today. You can find all of that at the links below!
More Monday Stock Market News
- Why Is Eastside Distilling (EAST) Stock Down 26% Today?
- Why Is Imperial Petroleum (IMPP) Stock Up 18% Today?
- Why Is Indonesia Energy (INDO) Stock Up 37% Today?
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On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.