Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Allied Gaming & Entertainment ( (AGAE) ) has issued an announcement.
On June 11, 2025, Allied Gaming & Entertainment filed a lawsuit against Knighted Pastures, LLC, Roy Choi, Naomi Choi, and Yiu-Ting So, alleging a coordinated effort to amass shares and influence the board of directors without proper disclosure, violating Section 13(d) of the Securities Exchange Act of 1934. This legal action highlights a year-long scheme by the defendants to gain control of Allied’s board, impacting shareholder transparency and potentially altering the company’s governance structure.
Spark’s Take on AGAE Stock
According to Spark, TipRanks’ AI Analyst, AGAE is a Neutral.
The overall stock score of 51 reflects substantial financial challenges, including ongoing losses and poor valuation metrics. Positive technical momentum offers a bright spot, but increased costs and compliance issues contribute to a cautious outlook.
To see Spark’s full report on AGAE stock, click here.
More about Allied Gaming & Entertainment
Allied Gaming & Entertainment, Inc. is a leading provider in the esports entertainment industry. The company operates one of the world’s largest esports arenas, the HyperX Arena in Las Vegas, and hosts tournaments for a large fan base of video game enthusiasts. Additionally, Allied develops episodic, video game-related content available on multiple platforms. The company is publicly traded on the Nasdaq Stock Exchange.
Average Trading Volume: 245,380
Technical Sentiment Signal: Strong Buy
Current Market Cap: $101.9M
For detailed information about AGAE stock, go to TipRanks’ Stock Analysis page.