Crazy Sports Group Ltd (0082)

What is Crazy Sports Group Ltd (0082) ?

Crazy Sports Group Limited, is a company engaged in media business in the People's Republic of China. It works with two segments, sports and lottery-related businesses, and e-commerce and telemedia businesses.The first segment develops and operates online information platforms, online mobile gaming applications, live streaming platforms, as well as sells lottery tickets. The second segment provides audiovisual services on the Internet and operates the online trading platform and satellite television.The company was previously known as V1 Group Limited and changed its name to Crazy Sports Group Limited in June 2021. Crazy Sports Group Limited was founded in 2005 and is based in Beijing, China.

0082, is it a good pick?

Crazy Sports had a nearly three times increase in quarterly revenue for the second quarter of 2021 from the first quarter. On August 26th, the company released its latest results, with revenue from continuing operations rising 58.0% year-on-year to HK$229.0 million. gross profit margin widened 2.7% to 45.3%.

Technical analysis

From Dec 20th to Feb 4th the share price went up 38.58%% to a price of $0.405. From Feb 4th to Feb 18th the share price went down -8.25% to a price of $0.370. The MACD shows that the stock is starting to go down and the RSI shows that the stock is overbought and is also starting to go down, therefore the stock price could go down around -9.35% to a price of $0.335.