HC Wainwright Issues Pessimistic Forecast for Super League Enterprise (NASDAQ:SLE) Stock Price

Super League Enterprise (NASDAQ:SLE) had its target price cut by investment analysts at HC Wainwright from $3.00 to $2.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. HC Wainwright’s price objective would indicate a potential upside of 193.64% from the company’s previous close.

Separately, Maxim Group reduced their target price on shares of Super League Enterprise from $4.00 to $3.00 and set a “buy” rating on the stock in a research note on Monday, October 14th.

Super League Enterprise Price Performance

SLE stock opened at $0.68 on Wednesday. Super League Enterprise has a 1 year low of $0.50 and a 1 year high of $2.84. The firm has a market capitalization of $8.82 million, a PE ratio of -0.12 and a beta of 1.87. The business has a 50 day simple moving average of $0.86 and a 200-day simple moving average of $1.05.

Hedge Funds Weigh In On Super League Enterprise

A hedge fund recently bought a new stake in Super League Enterprise stock. Murchinson Ltd. purchased a new position in shares of Super League Enterprise, Inc. (NASDAQ:SLE) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 250,000 shares of the company’s stock, valued at approximately $538,000. Murchinson Ltd. owned approximately 3.84% of Super League Enterprise as of its most recent SEC filing. Institutional investors and hedge funds own 2.06% of the company’s stock.

About Super League Enterprise

Super League Enterprise, Inc creates and publishes content and media solutions across immersive platforms in the United States and internationally. The company offers access to audiences who gather in immersive digital spaces to socialize, play, explore, collaborate, shop, learn, and create. It also provides a range of development, distribution, monetization, and optimization capabilities designed to engage users through dynamic and energized programs.