Super League (SLGG) & Score Media (SCR): 2 Red Hot Game Stocks

3 min read | March 04, 2021 11:34 PM AEDT | By Anuj

Source: rangizzz, Shutterstock

The popularity of online games hit the roof amid the pandemic-caused homebody environment. This boosted an extraordinary growth of digital video gaming and esports stocks.

Investors are actively exploring two segments of this emerging market – video game publishers and tech companies such as gaming software firms developing esports apps and providing backend support.

Here are two stock gaming stocks to explore in March:

Super League Gaming Inc. (SLGG:US or NASDAQ: SLGG)

 

The stock of this esports content publisher rose almost 30 per cent on Wednesday, March 4, with a heavy one-day trading volume of 78.78 million.

 

The US-based company operates via its cloud-based technology and interconnects its network of users, venue, and sponsors that help it to broadcast esports on its channels.

 

Super League broadcasts popular games: Clash Royale, League of Legends, Fortnite, etc.

 

The esports share is up 84 per cent year-to-date (YTD), representing a 52.78 per cent return just from the last one week. Its previous closing price was US$ 5.21, up nearly 301 per cent against its 52-low of US$ 1.30 per piece.

However, it’s down approximately 20 per cent from its 52-week high of US$ 6.50 per common share.

The firm has up to 3 million registered gamers, 3x growth from 2019 level. It topped its estimation of 2 million for 2020, as per its exchange filing dated January 14. It also recorded over 2 billion videos views across all social share platforms, namely TikTok, Snapchat, Facebook, Instagram, YouTube, etc.

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Score Media and Gaming Inc. (TSX:SCR)

The firm develops and distributes gaming content on its website and social platforms across North America. It is also known for its popular app ‘theScore’.

The TSX-listed interactive media stock has grown more than 450 per cent in one year.

It has retained its share price to C$ 34.12, a massive jump of 1,141 per cent against its COVID-19 led 52-week low of C$ 2.75.

Shares of Score Media have increased by over 127 per cent quarter-to-date (QTD). However, the stock has declined 40 per cent compared to its 52-week high of C$ 56.70 (recorded on February 10, 2021).

On March 1, the company concluded its marketed public offering worth US$ 186.3 million on the Nasdaq Global Select Market.

In the first quarter of fiscal 2021, theScore Bet generated revenue of C$ 55.8 million, a massive surge of 545 per cent year-over-year. The company also posted an all-time high media revenue of C$ 10.6 million in Q1 FY21 from C$ 9.2 million in Q1 FY20.


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