AGAE Stock Summary and Trading Ideas (Allied Gaming & Entertainment | NASDAQ:AGAE)

Allied Gaming & Entertainment Inc is an experiential entertainment company focused on providing a growing world of gamers with various experiences through renowned assets, products, and services.

Allied Gaming & Entertainment trades on the NASDAQ stock market under the symbol AGAE.

As of October 8, 2024, AGAE stock price was flat at $1.22 with 50,072 million shares trading.

AGAE has a beta of 1.32, meaning it tends to be more sensitive to market movements. AGAE has a correlation of 0.04 to the broad based SPY ETF.

AGAE has a market cap of $46.59 million. This is considered a Sub-Micro Cap stock.

The top ETF exchange traded funds that AGAE belongs to (by Net Assets): VTI, VXF.

AGAE has outperformed the market in the last year with a return of +38.6%, while the SPY ETF gained +35.1%. However, in the most recent history, AGAE shares have underperformed the stock market with its stock returning -11.6% in the last 3 month period and -12.2% for the last 2 week period, while SPY has returned +3.7% and +0.6%, respectively.

AGAE support price is $1.15 and resistance is $1.29 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AGAE shares will trade within this expected range on the day.