Streetbeat News

AGAE

Allied Gaming & Entertainment Inc.

https://alliedesports.gg

Industry

Entertainment

Allied Gaming & Entertainment Inc. provides entertainment and gaming products worldwide. It operates esports properties to connect players and fans through a network of connected arenas; a flagship gaming arena located at the Luxor Hotel in Las Vegas, Nevada; a mobile esports truck that serves as a battleground and content generation hub; and a studio for recording and streaming gaming events. The company was formerly known as Allied Esports Entertainment Inc. and changed its name to Allied Gaming & Entertainment Inc. in December 2022. Allied Gaming & Entertainment Inc. was founded in 2018 and is based in Irvine, California.

Open

1.10

Mkt cap

50M

Volume

18K

High

1.18

P/E Ratio

-7.09

52-wk high

1.57

Low

1.10

Div yield

N/A

52-wk low

0.61

Allied Gaming & Entertainment Inc. (AGAE) held its Q3 2024 earnings conference call, discussing financial results and company performance.

Portfolio Pulse from

November 15, 2024 | 1:30 am

Allied Gaming & Entertainment, Inc. (NASDAQ: AGAE) has entered into a strategic relationship with Yellow River Capital Group, which includes a $6.6 million investment by Yellow River. This investment involves subscribing to 6 million shares of AGAE's common stock and a warrant to purchase an additional 6 million shares over five years at $1.80 per share. Yellow River will also appoint a director to AGAE's board, enhancing AGAE's growth potential in entertainment content and location-based entertainment chains.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 8:41 pm

Allied Gaming & Entertainment (NASDAQ: AGAE) is addressing concerns raised by shareholder Ourgame International Holdings Limited regarding recent board decisions. AGAE disagrees with Ourgame's characterization but is committed to open dialogue with shareholders.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 1:01 pm

Allied Gaming & Entertainment reported a year-over-year decrease in Q2 financial results, leading to a decline in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 7:32 pm

Allied Gaming & Entertainment, Inc. (NASDAQ:AGAE) has announced the launch of the World Mahjong Tour, a series of events to promote Mahjong globally. The inaugural event will conclude in Spring 2025 at the HyperX Arena in Las Vegas.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 8:09 pm

Allied Gaming (NASDAQ:AGAE) reported a significant decline in its Q2 financial performance, with EPS dropping to $(0.09) from $(0.02) YoY and sales decreasing by 19.22% to $2.64M.

Portfolio Pulse from Benzinga Newsdesk

August 19, 2024 | 8:08 pm

Allied Gaming & Entertainment (NASDAQ: AGAE) reports that Knighted Pastures LLC is attempting to acquire control of AGAE without paying a control premium or constructively engaging with the board. Knighted's actions have led to litigation, causing AGAE to incur a one-time pre-tax expense of ~$3M for Q2 2024, negatively impacting net income and EPS.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 8:43 pm

Shares of companies within the broader consumer discretionary sector are trading lower amid overall market weakness following weak US data.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:28 pm

Allied Gaming & Entertainment, Inc. (NASDAQ: AGAE) has filed a counterclaim against its former CEO, Frank Ng, alleging breaches of fiduciary duties. This follows an arbitration initiated by Ng against AGAE for alleged breaches of employment contracts. AGAE denies Ng's allegations and is confident in its defense.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 1:01 pm

Insiders are aggressively buying shares of Allied Gaming & Entertainment, Archer Aviation, and Tempest Therapeutics. Notable transactions include a $55 million investment in Archer Aviation by SFS UK 1 LTD, a $456,750 purchase in Allied Gaming & Entertainment by Knighted Pastures LLC, and a $9,951 purchase in Tempest Therapeutics by Chief Medical Officer Samuel Whiting.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 3:02 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.