Allied Gaming & Entertainment (NASDAQ:AGAE) Shares Up 2% – Still a Buy?

Shares of Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) were up 2% on Monday . The company traded as high as $1.06 and last traded at $1.04. Approximately 11,313 shares changed hands during trading, a decline of 56% from the average daily volume of 25,707 shares. The stock had previously closed at $1.02.

Allied Gaming & Entertainment Price Performance

The firm has a market cap of $47.19 million, a price-to-earnings ratio of -3.96 and a beta of 1.48. The firm has a 50 day moving average price of $1.00 and a 200-day moving average price of $1.09.

Institutional Trading of Allied Gaming & Entertainment

A hedge fund recently raised its stake in Allied Gaming & Entertainment stock. Geode Capital Management LLC raised its stake in shares of Allied Gaming & Entertainment Inc. (NASDAQ:AGAE) by 19.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 216,856 shares of the company’s stock after buying an additional 35,385 shares during the quarter. Geode Capital Management LLC owned about 0.49% of Allied Gaming & Entertainment worth $297,000 at the end of the most recent reporting period. 3.21% of the stock is owned by institutional investors and hedge funds.

Allied Gaming & Entertainment Company Profile

Allied Gaming & Entertainment, Inc operates as an experiential entertainment company, which engages in the creation of esports venues and live events for both video games and poker. The company was founded in 2017 and is headquartered in New York, NY.