Sharplink, Inc. (SBET)Financial Services | Capital Markets | Miami, United States | NasdaqCM
8.20 USD
-0.68
(-7.658%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 8.26 +0.06 (0.732%) ⇧ (Aug. 28, 2026, 7:59 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 5:18 a.m. EDT
The investment thesis here is a high-risk, high-reward gamble on a binary outcome driven by cryptocurrency holdings rather than traditional business fundamentals. Fundamentally, the company is in distress with negative earnings, negative free cash flow, and a massive debt-to-equity implication given the negative enterprise EBITDA. The balance sheet is fragile, and the lack of dividends confirms this is a pure growth/speculative play. However, the catalyst is potent: the company holds a significant amount of Ethereum, and recent news of adding more ETH and buying back shares suggests management is betting on a crypto bull run to unlock value. The options market agrees with this asymmetric risk profile, with traders placing heavy bets on a massive upside move to the $25 range by early 2027, while hedging against a downside crash. For a short-term trader, the momentum is building as the stock rallies off lows, but the long-term outlook remains precarious due to the deteriorating operational metrics and reliance on external asset appreciation. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.307803 |
| AutoTheta | 0.437337 |
| MSTL | 0.531514 |
| AutoARIMA | 0.570237 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 35% |
| H-stat | 6.83 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.234 |
| Excess Kurtosis | 0.16 |
| Attribute | Value |
|---|---|
| Sector | Financial Services |
| Revenue per Share | 0.254 |
| Market Cap | 1,779,263,104 |
| Forward P/E | 4.12 |
| Beta | 10.56 |
| Previous Name | SharpLink Gaming Ltd. |
| Website | https://www.sharplink.com |
As of Aug. 22, 2026, 5:18 a.m. EDT: Speculators are positioning for significant volatility and a potential upside breakout. Call volume is heavily skewed toward out-of-the-money strikes (16.0 and 25.0) for January 2027, creating a massive 'wall' of open interest far above current prices, suggesting a bullish gamma squeeze or leveraged bet on a crypto-driven rally. Conversely, deep out-of-the-money puts (2.0 strike) for the same date show substantial open interest, indicating a hedge against a crash or a speculative bet on a failed recovery. The immediate term shows mixed signals with heavy call volume near the money, while put volume remains elevated but less aggressive than the long-dated calls.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.47703183 |
| Address1 | 200 S. Biscayne Boulevard |
| All Time High | 25,560.0 |
| All Time Low | 2.28 |
| Ask | 8.18 |
| Ask Size | 1 |
| Average Analyst Rating | 1.1 - Strong Buy |
| Average Daily Volume10 Day | 11,263,730 |
| Average Daily Volume3 Month | 9,459,566 |
| Average Volume | 9,459,566 |
| Average Volume10Days | 11,263,730 |
| Beta | 10.559 |
| Bid | 7.5 |
| Bid Size | 2 |
| Book Value | 6.501 |
| City | Miami |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 8.2 |
| Current Ratio | 10.455 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 8.7584 |
| Day Low | 8.115 |
| Display Name | Sharplink |
| Dividend Date | 1,504,656,000 |
| Earnings Call Timestamp End | 1,786,365,000 |
| Earnings Call Timestamp Start | 1,786,365,000 |
| Earnings Timestamp | 1,786,132,800 |
| Earnings Timestamp End | 1,794,513,600 |
| Earnings Timestamp Start | 1,794,513,600 |
| Ebitda | -1,527,581,952 |
| Ebitda Margins | 0.0 |
| Enterprise To Ebitda | -1.129 |
| Enterprise To Revenue | 34.362 |
| Enterprise Value | 1,725,038,592 |
| Eps Forward | 1.99 |
| Eps Trailing Twelve Months | -4.16 |
| Esg Populated | 0 |
| Exchange | NCM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 6.1096 |
| Fifty Day Average Change | 2.0903997 |
| Fifty Day Average Change Percent | 0.34215 |
| Fifty Two Week Change Percent | -47.703182 |
| Fifty Two Week High | 19.54 |
| Fifty Two Week High Change | -11.340001 |
| Fifty Two Week High Change Percent | -0.580348 |
| Fifty Two Week Low | 4.46 |
| Fifty Two Week Low Change | 3.7399998 |
| Fifty Two Week Low Change Percent | 0.838565 |
| Fifty Two Week Range | 4.46 - 19.54 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 864,221,400,000 |
| Float Shares | 190,124,959 |
| Forward Eps | 1.99 |
| Forward P E | 4.120603 |
| Free Cashflow | -933,652,480 |
| Full Exchange Name | NasdaqCM |
| Full Time Employees | 15 |
| Fullday Change | -0.68 |
| Fullday Change Percent | -7.65766 |
| Fullday Price | 8.26 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 0.97024 |
| Gross Profits | 48,708,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.06821 |
| Held Percent Institutions | 0.51464003 |
| Implied Shares Outstanding | 216,983,308 |
| Industry | Capital Markets |
| Industry Disp | Capital Markets |
| Industry Key | capital-markets |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Last Split Date | 1,746,489,600 |
| Last Split Factor | 1:12 |
| Long Business Summary | Sharplink, Inc. engages in the digital asset treasury business in the United States and internationally. The company operates as an institutional-grade Ethereum treasury platform. It operates in two segments, Ether (ETH) Treasury Management and Affiliate Marketing. The ETH Treasury Management segment focuses on the accumulation and active management of ETH as a long-term treasury asset. Its activities include native and liquid staking arrangements executed within a governance, custody, and risk management framework. The Affiliate Marketing segment provides performance-based customer acquisition services to sportsbook and online casino gaming operators. It also drives user traffic and player acquisition for licensed gaming operators through PAS.net, an international affiliate network, as well as a portfolio of U.S. state-specific digital properties. The company was formerly known as SharpLink Gaming, Inc. and changed its name to Sharplink, Inc. in February 2026. The company was founded in 2019 and is headquartered in Miami, Florida. |
| Long Name | Sharplink, Inc. |
| Market | us_market |
| Market Cap | 1,779,263,104 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_711461819 |
| Most Recent Quarter | 1,782,777,600 |
| Name Change Date | 2,026-08-29 |
| Net Income To Common | -1,709,953,024 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 1,924,641,941 |
| Number Of Analyst Opinions | 7 |
| Open | 8.642 |
| Operating Cashflow | -33,237,000 |
| Operating Margins | -27.52949 |
| Payout Ratio | 0.0 |
| Phone | 612 293 0619 |
| Post Market Change | 0.06000042 |
| Post Market Change Percent | 0.73171246 |
| Post Market Price | 8.26 |
| Post Market Time | 1,787,961,599 |
| Prev Name | SharpLink Gaming Ltd. |
| Previous Close | 8.88 |
| Price Hint | 2 |
| Price To Book | 1.2613444 |
| Price To Sales Trailing12 Months | 35.442078 |
| Profit Margins | 0.0 |
| Quick Ratio | 10.294 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | strong_buy |
| Recommendation Mean | 1.14286 |
| Region | US |
| Regular Market Change | -0.68 |
| Regular Market Change Percent | -7.65766 |
| Regular Market Day High | 8.7584 |
| Regular Market Day Low | 8.115 |
| Regular Market Day Range | 8.115 - 8.7584 |
| Regular Market Open | 8.642 |
| Regular Market Previous Close | 8.88 |
| Regular Market Price | 8.2 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 7,862,999 |
| Return On Assets | -1.02111 |
| Return On Equity | -1.83566 |
| Revenue Growth | 15.539 |
| Revenue Per Share | 0.254 |
| Sand P52 Week Change | 0.20504117 |
| Sector | Financial Services |
| Sector Disp | Financial Services |
| Sector Key | financial-services |
| Shares Outstanding | 216,983,308 |
| Shares Percent Shares Out | 0.17969999 |
| Shares Short | 38,993,459 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 39,080,630 |
| Short Name | SharpLink, Inc. |
| Short Percent Of Float | 0.18010001 |
| Short Ratio | 5.14 |
| Source Interval | 15 |
| State | FL |
| Symbol | SBET |
| Target High Price | 30.0 |
| Target Low Price | 8.0 |
| Target Mean Price | 15.32857 |
| Target Median Price | 13.0 |
| Total Cash | 56,195,000 |
| Total Cash Per Share | 0.259 |
| Total Debt | 0 |
| Total Revenue | 50,202,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -4.16 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 7.58925 |
| Two Hundred Day Average Change | 0.6107497 |
| Two Hundred Day Average Change Percent | 0.080475636 |
| Type Disp | Equity |
| Volume | 7,862,999 |
| Website | https://www.sharplink.com |
| Zip | 33,131 |