Sharplink, Inc. Common Stock
SBET
$7.59
+7.20%
Sharplink, Inc. is a global digital asset treasury firm that operates an institutional-grade platform for managing Ethereum, alongside an affiliate marketing division that provides client acquisition solutions for sportsbook and online casino gaming businesses. The company distinguishes itself as a hybrid entity, combining a crypto treasury management strategy with a performance-driven marketing network, having rebranded from SharpLink Gaming in February 2026. Investor attention is currently focused on the company's strategic pivot toward Ethereum accumulation and staking, the significant revenue growth in its affiliate marketing segment, and the path to profitability following a large impairment charge in Q1 2026.…
SBET
Sharplink, Inc. Common Stock
$7.59
SBET 12-Month Price Forecast
Wall Street consensus
Most Wall Street analysts maintain a constructive view on Sharplink, Inc. Common Stock's 12-month outlook, with a consensus price target around $15.33 and implied upside of +102.0% versus the current price.
Average Target
$15.33
0 analysts
Implied Upside
+102.0%
vs. current price
Analyst Count
—
covering this stock
Price Range
$8 - $30
Analyst target range
Seven analysts cover the stock, with a consensus recommendation of 'strong buy' (mean rating 1.14 on a 1-5 scale). The average target price is $17.16, implying approximately 182% upside from the current price of $6.08. The distribution shows no hold or sell ratings, indicating unanimous bullish sentiment. The target range spans from a low of $8.10 to a high of $30.00. The high target of $30.00 assumes successful execution of the Ethereum treasury strategy and continued affiliate growth, while the low target of $8.10 still implies 33% upside but factors in potential headwinds. Recent ratings from Citizens, Cantor Fitzgerald, Canaccord Genuity, and B. Riley have all been reaffirmed as positive (Market Outperform, Overweight, Buy), signaling strong institutional conviction. The wide spread between low and high targets ($8.10 to $30.00) reflects high uncertainty around the company's transformation and the volatile nature of its crypto holdings.
SBET Technical Analysis
The stock is in a sustained downtrend, with a 1-year price change of -79.01%, and currently trades at $6.08, which is approximately 15% of its 52-week range (low $4.46, high $40.46). This positioning near the low end of the range suggests the stock is deeply out of favor, potentially offering a value opportunity if fundamentals improve, but also carries the risk of being a falling knife. Short-term momentum shows a 1-month gain of +4.83%, contrasting with a 3-month decline of -21.45%, indicating a recent bounce but still within a broader downtrend. The divergence between the positive 1-month and negative 1-year trends could signal a potential short-term reversal or mean reversion, but the overall trend remains bearish. The 52-week low of $4.46 provides key support, while the 52-week high of $40.46 represents major resistance. A breakout above $40.46 would signal a dramatic reversal, while a breakdown below $4.46 could accelerate selling. With a beta of 10.48, the stock is extremely volatile—over 10 times more volatile than the S&P 500—demanding strict risk management.
Beta
10.56
10.56x market volatility
Max Drawdown
-87.8%
Largest decline past year
52-Week Range
$4-$21
Price range past year
Annual Return
-61.0%
Cumulative gain past year
| Period | SBET Return | S&P 500 |
|---|---|---|
| 1m | +21.1% | +1.9% |
| 3m | +21.8% | +2.3% |
| 6m | +12.9% | +10.6% |
| 1y | -61.0% | +19.5% |
| ytd | -21.7% | +11.8% |
Bobby - Your AI Investment Partner
Get real-time data, AI-driven personalized investment analysis to make smarter investment decisions
SBET Fundamental Analysis
Revenue has grown significantly, with Q1 2026 revenue of $12.06 million, up 15.3% year-over-year from $10.46 million in Q1 2025, and a sharp increase from $0.70 million in Q2 2025, driven by the affiliate marketing segment. However, the company reported a net loss of -$685.6 million in Q1 2026, largely due to a massive impairment charge, compared to a net loss of -$0.97 million in Q1 2025. Gross margin remains high at 96.4% in Q1 2026, reflecting the asset-light nature of the affiliate business, but operating margin was 14.5% in Q1 2026, a dramatic improvement from -124.8% in Q1 2025, indicating operational leverage. The company has zero debt (debt-to-equity ratio of 0) and a current ratio of 2.44, suggesting strong liquidity. However, free cash flow is negative, with TTM free cash flow of -$28.3 million, and operating cash flow was -$10.6 million in Q1 2026, meaning the company relies on external financing or asset sales to fund operations. ROE is -30.4%, reflecting persistent losses.
Quarterly Revenue
$12058000.0B
2026-03
Revenue YoY Growth
N/A
YoY Comparison
Gross Margin
96.4%
Latest Quarter
Free Cash Flow
$-28335671.0B
Last 12 Months
Revenue & Net Income Trends (2 Years)
Revenue Breakdown
Open an Account, get $2 TSLA now!
Valuation Analysis: Is SBET Overvalued?
Since net income is negative, the price-to-sales (PS) ratio is the primary valuation metric. The trailing PS ratio is 31.78, while the forward PS ratio (based on estimated revenue of $82.85 million) is approximately 10.8, implying the market expects significant revenue growth. The company's PS ratio of 31.78 is far above the industry average for capital markets firms, which typically trade at 2-5x sales, indicating a substantial premium. This premium may be justified by the high gross margins and the potential for rapid scaling in the affiliate marketing and crypto treasury segments. Historically, the PS ratio has ranged from 0.87 (Q1 2023) to 344.66 (Q2 2025), and the current 31.78x is near the lower end of the historical range, suggesting the stock is relatively cheap compared to its own history, though still elevated versus peers.
PE
-1.2x
Latest Quarter
vs. Historical
N/A
5-Year PE Range 17x~59x
vs. Industry Avg
N/A
Industry PE ~N/A*
EV/EBITDA
-1.2x
Enterprise Value Multiple