Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Genius Sports Ltd before investing.

In this article, we go over a few key elements for understanding Genius Sports Ltd’s stock price such as:

• Genius Sports Ltd’s current stock price and volume
• Why Genius Sports Ltd’s stock price changed recently
• Upgrades and downgrades for GENI from analysts
• GENI’s stock price momentum as measured by its relative strength

About Genius Sports Ltd (GENI)

Before we jump into Genius Sports Ltd’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Genius Sports Limited is the official data, technology and broadcast partner that powers the ecosystem connecting sports, betting and media. Its products: Sports Technology and Services, Betting Technology, Content and Services and Media Technology, Content and Services. It builds and supplies technology and services that allow sports leagues to collect, analyze and monetize their data with added tools to deepen fan engagement. It provides sports leagues with bespoke monitoring technology and education services to help protect their competitions and athletes from the threats of match fixing and betting-related corruption. It offers official data, outsourced bookmaking, trading/risk management services and live audio-visual game content that is derived from its streaming partnerships with sports leagues. It builds and supplies technology, services and data that enables sportsbooks, sports organizations and other brands to target, acquire and retain sports fans as their customers.

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What Caused Genius Sports Ltd Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 30, 2024, there were 3 analysts who downgraded Genius Sports Ltd’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Genius Sports Ltd’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Genius Sports Ltd’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Genius Sports Ltd’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Genius Sports Ltd (GENI) by visiting AAII Stock Evaluator.

Relative Price Strength of Genius Sports Ltd

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 30, 2024, Genius Sports Ltd has a weighted four-quarter relative price strength of 8.74%, which translates to a Momentum Score of 86 and is considered to be Very Strong.

Want to learn more about how Genius Sports Ltd is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Genius Sports Ltd Stock Price: Bottom Line

As of September 3, 2024, Genius Sports Ltd’s stock price is $7.17, which is down 5.91% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Genius Sports Ltd stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.