SharpLink Gaming Share Price: SBET Stock Analysis & Forecast
Anyone who has watched a small-cap ticker swing from $4.46 to $17.17 in a year knows how quickly the story can change, and SharpLink Gaming (Nasdaq: SBET) has made that kind of move, with its share price now tracking Ethereum more than sports-betting season. Here is the latest market data, what the company actually does, and what the analyst targets say about the buy-or-sell question.
Latest close: $8.59 ·
Previous close: $8.81 ·
Open: $8.97 ·
52-week range: $4.46–$17.17 ·
P/E ratio: -1.07x ·
Debt/equity: 0x
Quick snapshot
- SBET closed at $8.59, down 2.50% from the prior close (MarketBeat (financial data aggregator))
- SharpLink disclosed 188,478 ETH holdings as of June 20, 2025 (U.S. Securities and Exchange Commission (company filings archive))
- Whether the ETH treasury position has changed since the June 2025 disclosure (Simply Wall St (stock analysis platform))
- How the $200M Ether-staking program through Lido will affect future income statements (Simply Wall St (stock analysis platform))
- Whether current analyst targets fully reflect the latest Ethereum price moves (Simply Wall St (stock analysis platform))
- B. Riley maintained a Buy rating and raised its target to $14 on September 22, 2026 (Yahoo Finance (market data provider))
- SBET’s 52-week range spans $4.46 to $17.17 (Public.com (retail investing platform))
- After hours, SBET rose $0.01 (Yahoo Finance (market data provider))
- The next quarterly report will show whether revenue growth continued (MarketBeat (financial data aggregator))
- Ether price moves will likely drive the next major swing in SBET (MarketBeat (financial data aggregator))
- Analyst targets span $8.00 to $30.00 (MarketBeat (financial data aggregator))
The snapshot shows a stock driven by Ethereum, not by its gaming business.
Nine rows, one pattern: the valuation metrics describe a loss-making company with a balance sheet built around Ethereum, not a traditional gaming business.
| Metric | Value |
|---|---|
| Ticker | SBET (Nasdaq) |
| Latest close | $8.59 (down 2.50% from the prior close) |
| Previous close | $8.81 |
| Open | $8.97 |
| 52-week range | $4.46–$17.17 |
| P/E ratio (trailing) | -1.07x (Public.com (retail investing platform)) |
| Debt/equity | 0x |
| ETH holdings | 188,478 ETH (disclosed June 20, 2025) |
| Analyst consensus | Buy (8-analyst panel, per Public.com) |
What’s going on with SBET stock?
SBET has been trading like a crypto chart, not a classic gaming-stock chart. The latest exchange data, cited below, shows how quickly the mood can shift.
What is the current SharpLink Gaming share price?
- Latest close: $8.59, down $0.22 (−2.50%)
- Previous close: $8.81
- Open: $8.97
- After hours: +$0.01
MarketBeat’s snapshot of the latest available session — October 9, 2026 — carries SBET at $8.59, down $0.22, or 2.50%, from the prior close of $8.81 (MarketBeat (financial data aggregator)). The stock opened at $8.97 and ticked up $0.01 after hours. These are exchange quotes, not real-time prices; they reflect the last completed session.
A stock that opens at $8.97 and closes at $8.59 lost ground through the session, and the $0.01 after-hours gain did not change the picture. For a stock with this kind of 52-week range, the question is whether the trend is down or just volatile.
What is the 52-week high and low for SharpLink Gaming stock?
A 52-week range of $4.46–$17.17 means buyers at the top were down roughly 50% at the latest close, while buyers at the bottom were up more than 90%. That is not a normal gaming-stock profile.
Public.com’s investing snapshot puts the 52-week range at $4.46 to $17.17, a roughly 285% swing between the low and the high (Public.com (retail investing platform)). The range brackets the stock’s best and worst moments of the past year, and the latest close of $8.59 sits closer to the bottom than to the top.
The pattern: the width of the range is a volatility warning, and the latest close sits closer to the low than to the high. Anyone pricing SBET should assume wide swings, not gentle drift.
What does SharpLink Gaming do?
The company’s identity is easy to misread from the ticker alone. SharpLink describes itself as a digital marketing and customer-acquisition business for online sports betting and casino gaming — not a sportsbook operator.
Who is Sharplink?
- Nasdaq ticker: SBET
- Line of business: digital marketing and customer acquisition for online sports betting and casino gaming
- Model: comparison content and referral links that direct users to licensed gambling sites
According to Alpha Spread’s investor-relations summary, SharpLink connects users with licensed gambling operators through comparison content and referral links, and it does not operate a sportsbook itself (Alpha Spread (investor-relations summary)). That distinction matters: revenue depends on marketing performance and partner payouts, not on betting volume.
In plain terms, SharpLink is the company behind the SBET ticker that helps betting operators find customers. The larger financial story, however, has shifted from that marketing business to the company’s Ethereum treasury.
Who is the CEO of SharpLink Gaming?
The research notes for this briefing did not confirm the current CEO’s name from an official filing, so no name is repeated here. SharpLink’s latest proxy statement is the authoritative source for leadership details.
Leadership at micro-caps changes quickly, and for a company this size, leadership commentary tends to move the stock. Investors should verify the current name from the company’s SEC filings rather than from a third-party summary.
The implication: SharpLink’s operating story — marketing technology for betting operators — is straightforward. Its balance sheet story is not, and that tension is why the stock trades the way it does.
What were SBET’s latest earnings?
The second-quarter numbers capture the split personality of the company: revenue is growing fast, while the bottom line is being written by Ethereum’s price.
How much Ethereum does SharpLink Gaming own?
- ETH holdings: 188,478 ETH as of June 20, 2025
- Latest disclosed purchase: 12,207 ETH for $30,674,829 including fees
- Average purchase price: $2,513 per ETH
SharpLink’s June 2025 filing with the U.S. Securities and Exchange Commission shows the company acquiring 12,207 ETH for $30,674,829 including fees, bringing its holdings to 188,478 ETH (U.S. Securities and Exchange Commission (company filings archive)). The company said those purchases were made at an average price of $2,513 per ETH including fees and expenses, and that ETH-per-share growth had reached 18.97% by the June 24 announcement (U.S. Securities and Exchange Commission (company filings archive)).
What are SBET’s key financial metrics?
- Q2 2026 revenue: $11.5 million, up from $0.7 million a year earlier
- Q2 2026 net loss: $394.3 million
- Loss drivers: $321 million unrealized fair-value loss and $76.1 million impairment
- Trailing P/E: -1.07x · Debt/equity: 0x
According to Alpha Spread’s investor-relations summary, SharpLink’s second-quarter 2026 revenue was $11.5 million, up from $0.7 million a year earlier (Alpha Spread (investor-relations summary)). The same source records a net loss of $394.3 million for the quarter, including a $321 million unrealized fair-value loss and a $76.1 million impairment charge (Alpha Spread (investor-relations summary)).
A $394.3 million quarterly loss against an $11.5 million revenue base is not an operating result; it is a mark-to-market event on the Ethereum treasury.
The staking program adds another layer: the $200 million Ether-staking program through Lido, flagged in the snapshot above, aims to earn proof-of-stake rewards while keeping institutional exposure to Ethereum, according to Alpha Spread’s investor-relations summary.
What is the prediction for the price of SBET stock?
A price target is an analyst’s scenario, not a promise; a forecast is even looser. The published targets for SBET cluster in one area, but the spread between them tells the real story.
What is the SharpLink Gaming share price target?
- MarketBeat consensus target: $17.00
- Yahoo Finance average target: $16.62 (low $8.00, high $30.00)
- Simply Wall St average target: $16.86 (7 analysts)
MarketBeat’s consensus target of $17.00 implies roughly 97.9% upside from the latest close of $8.59 (MarketBeat (financial data aggregator)). Yahoo Finance’s average target is $16.62, with a low of $8.00 and a high of $30.00 (Yahoo Finance (market data provider)). Simply Wall St’s average of $16.86 came from 7 analysts, a level it said was 100% above a closing price of $8.43 (Simply Wall St (stock analysis platform)).
What factors affect SharpLink Gaming’s share price?
- Ethereum’s market value and staking income
- Quarterly reported earnings and unrealized crypto gains or losses
- Sports-betting sector sentiment and marketing revenue trends
- Analyst rating changes and new coverage
The dominant factor is the balance sheet. With 188,478 ETH held and a staking program in place, every material move in Ethereum’s price flows into SharpLink’s financial statements. The betting-operator marketing business adds the revenue side, but the crypto line items produce the large swings.
The $8.00 low target and the $30.00 high target come from tracked analysts. That spread is the market admitting it cannot predict Ethereum’s path.
The catch: A consensus target near $17 does not guarantee the stock gets there on schedule. With ETH marking the quarterly profit-and-loss statement, the target is only as good as the next Ethereum price.
The wide gap between the low and high targets confirms that the stock’s path is tied to Ethereum, not to the marketing business.
Is SharpLink a good stock to buy?
The answer depends on what you are actually buying. SharpLink offers micro-cap exposure to sports-betting marketing, plus an indirect Ethereum position that dominates the financial narrative.
What are the risks of buying SharpLink Gaming stock?
- Earnings sensitivity to Ethereum’s market value
- Loss concentration: $394.3 million net loss in Q2 2026
- Negative trailing P/E: -1.07x
- Wide 52-week range: $4.46–$17.17
Simply Wall St’s analysis flags the core risk: SBET’s reported earnings are highly sensitive to Ethereum’s market value because ETH holdings can create large unrealized gains or losses (Simply Wall St (stock analysis platform)). That risk is not theoretical — the second-quarter loss included a $321 million unrealized fair-value loss tied to the crypto book.
What do analysts say about SBET stock?
A Buy consensus on an ETH-heavy, loss-making micro-cap says more about the balance sheet than the income statement. The rating captures the crypto upside, not the stability of the marketing business.
Public.com’s panel of 8 analysts rates SBET a consensus Buy, split evenly between Strong Buy and Buy (Public.com (retail investing platform)). That view aligns with the $16.62–$17.00 target cluster in the forecast section above.
No cited source offers personalized investment advice, and this briefing does not either. The bull case rests on revenue growth, a debt-free balance sheet, and a large ETH position that could appreciate. The bear case rests on deep losses, negative earnings, and an income statement that moves with crypto prices. Both cases are visible in the data above; the right answer depends on your risk tolerance, position size, and time horizon.
Investors are choosing between a scaling marketing business and a volatile crypto-treasury balance sheet. Buying SBET for the gaming story alone means ignoring half of the company.
The decision framework thus hinges on whether you see the stock as a crypto proxy or as a gaming play.
Upsides
- Revenue is scaling: Q2 2026 revenue of $11.5 million versus $0.7 million a year earlier
- No debt on the balance sheet: debt/equity of 0x
- A meaningful ETH position: 188,478 Ether gives shareholders indirect crypto upside
Downsides
- Deep losses: Q2 2026 net loss of $394.3 million, including a $321 million unrealized fair-value loss
- Negative trailing P/E of -1.07x
- ETH-driven earnings: the income statement swings with Ethereum’s market value
- Extreme valuation range: the 52-week range of $4.46–$17.17 shows how fast the market reprices the stock
Timeline signals
Four dated signals, one pattern: analyst upgrades and a crypto-heavy balance sheet are moving the stock, not steady sports-betting revenue.
| Date / period | Event |
|---|---|
| Latest available trading session | SBET closed at $8.59, down $0.22 (−2.50%) from the prior close. |
| After-hours session | SBET rose $0.01. |
| 52-week period | SBET ranged from $4.46 to $17.17. |
| September 22, 2026 | B. Riley maintained a Buy rating and raised its price target from $12 to $14 (Yahoo Finance (market data provider)). |
The timeline shows that the stock’s movements are driven by analyst updates and the underlying crypto exposure, not by steady operating performance.
What’s confirmed, what’s not
Confirmed facts
- SBET is SharpLink’s Nasdaq ticker.
- The latest available close was $8.59, down 2.50% from the prior close (MarketBeat (financial data aggregator)).
- SharpLink disclosed 188,478 ETH holdings as of June 20, 2025 (U.S. Securities and Exchange Commission (company filings archive)).
- The 52-week range is $4.46–$17.17 (Public.com (retail investing platform)).
What’s unclear
- Whether the ETH position has changed since June 2025.
- How the $200M staking program will affect future reported earnings.
- Whether the latest quarterly loss will widen or narrow with Ethereum’s price.
- Whether analyst targets get revised after the next quarterly report.
- The current CEO name, which was not confirmed in the reviewed disclosures.
What the sources say
SharpLink held 188,478 ETH as of June 20, 2025, after acquiring 12,207 ETH for $30,674,829 including fees.
— U.S. Securities and Exchange Commission, company filing
Public.com’s analyst panel rates SBET a consensus Buy, split evenly between Strong Buy and Buy recommendations.
— Public.com, retail investing platform
SBET’s reported earnings are highly sensitive to Ethereum’s market value because ETH holdings can create large unrealized gains or losses.
— Simply Wall St, stock analysis platform
Summary
Why this matters: SharpLink is a small-cap marketing company whose balance sheet now functions as an Ethereum treasury. SBET investors are, in practice, taking a crypto-positioned bet with a Nasdaq wrapper. For retail investors, the implication is clear: size any SBET position as a high-volatility, ETH-driven trade, or wait for the earnings and holdings picture to stabilize before opening a position.
Frequently asked questions
Does SharpLink Gaming pay a dividend?
No. None of the recent disclosures reviewed for this briefing show a dividend, and the company’s cash outflows have been directed toward Ethereum purchases and operations.
What is SharpLink Gaming’s market capitalization?
The sources cited here did not include a market-cap figure. To calculate the current number, multiply SBET’s share price by the share count in SharpLink’s latest quarterly filing.
How volatile is SBET stock?
Very volatile by the available data: the 52-week range is $4.46–$17.17, the latest available session moved 2.50%, and the company’s 188,478 ETH holdings tie quarterly earnings to Ethereum’s price.
Where can I buy SharpLink Gaming shares?
SBET trades on the Nasdaq under the ticker SBET. Any brokerage with access to U.S. equities, including the retail platforms used as data sources in this briefing, can route an order.
How often does SharpLink Gaming report earnings?
As a U.S. public company, SharpLink files quarterly reports (10-Q), an annual report (10-K), and other disclosures with the SEC, and it publishes press releases around its earnings announcements.
Related reading
- 0939 HK Stock Price Analysis — a share-price brief for investors comparing tickers across markets.
- Unit Trust vs ETF — if you are weighing a single-stock position against a diversified fund.
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