SBET — Sharplink Gaming Ltd

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

Trend Edge Setup Score

Trend Edge rates SBET Bearish with a Setup Score of 35, net conviction 51, actionability 24. How the Setup Score works →

Total Setup Score35
Directional BiasBearish
Net Conviction51
Actionability24 (in range)

Key signals behind this score

About Sharplink Gaming Ltd

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. Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$5.51
Market Cap$1.12B
Float184.7M
Shares Outstanding210.3M
P/E (Forward)71.94
Price/Sales (TTM)28.41
Operating Margin (TTM)-5677.38%
Revenue (TTM)$39.4M
Dividend RateNone

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $2.3M -$1.1M $423,716 -$1.0M
2021 $2.6M -$55.6M -$299,362 -$33.3M
2022 $3.5M -$15.2M $1.3M -$13.1M
2023 $5.0M -$14.2M $1.5M -$6.2M
2024 $3.7M $10.1M $906,273 -$4.8M
2025 $28.1M -$735M $26.2M -$733M

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Jun 2025 $697,291 -$103M
Sep 2025 $10.8M $104M
Dec 2025 $15.8M -$734M
Mar 2026 $12.1M -$686M

Ownership & Float

Insider Ownership6.7%
Institutional Ownership44.9%
Short Float14.7%
% of All Funds Holding1.90%
Number of Funds Holding156

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$5.81Near-term / short-term trend
Weekly40-Week SMA$8.47Medium-term trend
Weekly80-Week SMA$10.66Cyclical trend (business cycle)
Weekly200-Week SMA$22.59Secular trend (multi-year)
Monthly10-Month SMA$7.92Near-term monthly trend
Monthly20-Month SMA$12.17Medium-term monthly trend
Monthly40-Month SMA$15.09Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$55.00 resistance 6.88x 12 months ago
$3.30 support 8.74x 13 months ago

Historical Earnings Reactions (65 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap 2.32% 0.00% 40.00% 118.64% -11.11%
1 Day -0.71% -1.26% 35.38% 27.97% -16.73%
1 Week 0.40% 0.00% 47.69% 128.57% -40.12%
2 Weeks 24.71% -5.26% 36.92% 1783.33% -43.02%
1 Month 0.90% -5.44% 34.38% 240.14% -40.70%

Next earnings: August 13, 2026 (32 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan5.2%58.6%29
Feb1.4%37.9%29
Mar-2.1%44.8%29
Apr-6.5%27.6%29
May73.8%27.6%29
Jun-6.7%33.3%30
Jul8.4%58.6%29
Aug-3.7%31.0%29
Sep3.4%62.1%29
Oct-0.5%34.5%29
Nov-2.6%48.3%29
Dec-1.7%48.3%29

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday -0.36% 33.3% 1376
Tuesday 0.54% 36.4% 1504
Wednesday 0.34% 35.3% 1504
Thursday 0.01% 33.3% 1474
Friday 0.26% 33.4% 1466

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 44.9%

Insider Transactions — Smart Summary

Total insider ownership: 6.7%

12-Month Insider Activity Summary

Total Filings7
Net Value-$17,696.048
Net Shares Change-46,946
% of Float-0.0%
C-Suite Filings1
Clusters Detected2

Key Insiders

NameTitleNet ValueFilingsActivity
GUTKOWSKI ROBERT M -$446,978.688 2 2 sell
Bernhard Leslie -$446,905.67 2 2 sell
MCKENZIE OBIE -$446,900.169 2 2 sell
DeLucia Robert Michael Chief Financial Officer -$17,696.048 1 1 sell

Transaction Clusters

PeriodFilingsInsidersNet ValueSeniority
2025-08-18 – 2025-08-18 3 3 -$1.1M
2026-05-15 – 2026-05-15 3 3 -$286,486.024

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-05-15 MCKENZIE OBIE -$95,505.225 Transaction at $7.41, now -25.6%
2026-05-15 GUTKOWSKI ROBERT M -$95,475.574 Transaction at $7.41, now -25.6%
2026-05-15 Bernhard Leslie -$95,505.225 Transaction at $7.41, now -25.6%
2026-03-31 DeLucia Robert Michael Chief Financial Officer -$17,696.048 Transaction at $6.21, now -11.3%
2025-08-18 MCKENZIE OBIE -$351,394.944 Transaction at $19.17, now -71.3%
2025-08-18 GUTKOWSKI ROBERT M -$351,503.115 Transaction at $19.17, now -71.3%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Sharplink Gaming Ltd (SBET) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for SBET on Trend Edge →