Allied Gaming & Entertainment (AGAE)
NASDAQ:AGAE
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Allied Gaming & Entertainment
(NASDAQ:AGAE)
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Rating:45Neutral
Price Target:
$0.57
▲(54.86% Upside)
Action:Reiterated
Date:05/23/26
The score is held down primarily by weak financial quality—persistent operating losses and negative operating/free cash flow—alongside significant Nasdaq compliance and filing risks. Technicals are comparatively supportive (price above key moving averages with positive MACD), but valuation metrics provide limited help given the non-meaningful P/E and no dividend yield provided.
Positive Factors
Strategic pivot to AI & fiber-optic infrastructure
The company's shift from esports to AI and fiber-optic infrastructure represents a structural reorientation toward secular growth areas (AI compute and networking). If executed, this increases addressable markets, enables higher-margin infrastructure contracts, and supports multi-year strategic M&A and product roadmaps.
Negative Factors
Persistent negative operating and free cash flow
Chronic negative operating and free cash flow mean the business cannot self-fund growth or cover losses, forcing reliance on external financing. Over 2–6 months this raises execution and solvency risk for capital-intensive infrastructure plans and increases dilution or leverage risk when pursuing M&A.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic pivot to AI & fiber-optic infrastructure
The company's shift from esports to AI and fiber-optic infrastructure represents a structural reorientation toward secular growth areas (AI compute and networking). If executed, this increases addressable markets, enables higher-margin infrastructure contracts, and supports multi-year strategic M&A and product roadmaps.
Read all positive factors
Allied Gaming & Entertainment (AGAE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$22.52M
Dividend YieldN/A
Average Volume (3M)4.15M
Price to Earnings (P/E)―
Beta (1Y)2.35
Revenue Growth-12.16%
EPS Growth-103.59%
CountryUS
Employees73
SectorCommunication Services
Sector Strength97
IndustryEntertainment
Share Statistics
EPS (TTM)-0.83
Shares Outstanding38,265,045
10 Day Avg. Volume292,240
30 Day Avg. Volume4,151,712
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)<0.01
Price to Sales (P/S)0.00194
P/FCF Ratio>-0.01
Enterprise Value/Market Cap-342.75
Enterprise Value/Revenue-967.80
Enterprise Value/Gross Profit-9.57K
Enterprise Value/Ebitda260.90
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Allied Gaming & Entertainment Business Overview & Revenue Model
Company Description
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 Ve...
How the Company Makes Money
AGAE’s monetization is tied to esports and gaming entertainment operations. Key revenue streams include: (1) venue and event-related income from hosting esports tournaments and gaming events (e.g., ticketing/admissions, venue rentals, and event se...
Allied Gaming & Entertainment Earnings Call Summary
Earnings Call Date:Nov 14, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:May 25, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted significant revenue growth and strategic initiatives like the World Mahjong Tour and new investments, but these were offset by increased costs and a notable net loss for the quarter. The sentiment is mixed, with both promising achievements and financial challenges.Positive Updates
Strong Revenue Growth
Achieved 93% revenue growth in Q3 2024 compared to Q3 2023, driven by higher casual mobile gaming revenues and increased in-person revenues at HyperX and Oman mobile arenas.
Negative Updates
Increased Costs and Expenses
Total costs and expenses rose to $3.3 million from $1.8 million in the previous year, due to investments and a reduction in payroll tax expense recorded in the prior year.
Read all updates
Q3-2024 Updates
Positive
Negative
Strong Revenue Growth
Achieved 93% revenue growth in Q3 2024 compared to Q3 2023, driven by higher casual mobile gaming revenues and increased in-person revenues at HyperX and Oman mobile arenas.
Read all positive updates
Company Guidance
During the third quarter of 2024, Allied Gaming & Entertainment, Inc. achieved significant progress, marked by a 93% increase in revenue compared to the same quarter in 2023, totaling $2.2 million. This growth was driven by higher revenues from casual mobile gaming and increased demand at their HyperX and Oman mobile arenas. Despite the revenue boost, the company reported a net loss of $4.0 million, largely due to a $3 million settlement loss with BPR Cumulus LLC and a $1.2 million unrealized foreign currency transaction loss, although some of this was later reversed. The adjusted EBITDA loss improved to $0.1 million from $0.3 million in the prior year. Cash and short-term investments reached $80.2 million as of September 30, 2024, with a working capital surplus of $62.8 million, reflecting the financial impact of the settlement agreement. The company is optimistic about future growth with initiatives like the World Mahjong Tour and strategic investments in mobile gaming.Allied Gaming & Entertainment Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
52
Neutral
Cash Flow
21
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.98M | 9.08M | 7.66M | 6.35M | 4.96M |
| Gross Profit | 806.47K | 2.71M | 2.86M | 1.25M | 880.79K |
| EBITDA | -29.58M | -11.79M | -5.10M | -8.76M | -12.47M |
| Net Income | -32.79M | -16.76M | -3.44M | -10.82M | 62.87M |
Balance Sheet | |||||
| Total Assets | 89.78B | 113.24M | 112.02M | 97.73M | 105.80M |
| Cash, Cash Equivalents and Short-Term Investments | 13.18B | 71.53M | 72.82M | 81.17M | 92.89M |
| Total Debt | 4.10B | 31.36M | 16.27M | 7.75M | 0.00 |
| Total Liabilities | 52.13B | 35.71M | 18.61M | 9.83M | 7.16M |
| Stockholders Equity | 34.76B | 73.01M | 82.75M | 87.90M | 98.65M |
Cash Flow | |||||
| Free Cash Flow | -9.90B | -12.13M | -9.19M | -11.03M | -10.27M |
| Operating Cash Flow | -9.79B | -9.77M | -8.14M | -10.93M | -10.08M |
| Investing Cash Flow | -38.39M | 23.81M | 6.13M | -70.14M | 105.86M |
| Financing Cash Flow | 800.66K | 23.93M | 7.15M | -610.56K | -3.42M |
Allied Gaming & Entertainment Technical Analysis
Positive
0.37
Price Trends
0.42
Positive
0.37
Positive
0.58
Positive
Market Momentum
0.02
Negative
61.65
Neutral
73.18
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AGAE, the sentiment is Positive. The current price of 0.37 is below the 20-day moving average (MA) of 0.49, below the 50-day MA of 0.42, and below the 200-day MA of 0.58, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 61.65 is Neutral, neither overbought nor oversold. The STOCH value of 73.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AGAE.
Allied Gaming & Entertainment Risk Analysis
Allied Gaming & Entertainment disclosed 49 risk factors in its most recent earnings report. Allied Gaming & Entertainment reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Allied Gaming & Entertainment Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
52 Neutral | $52.17M | -10.97 | -24.20% | ― | -23.64% | 43.97% | |
50 Neutral | $93.49M | -3.34 | 128.06% | ― | -38.49% | -61.52% | |
48 Neutral | $37.68M | -0.79 | 122.83% | ― | 1.12% | 35.50% | |
45 Neutral | $22.52M | ― | -35.18% | ― | -12.16% | -103.59% | |
44 Neutral | $37.49M | -1.54 | -98.96% | ― | -69.44% | 5.10% |
* Communication Services Sector Average
AGAE
Allied Gaming & Entertainment
0.59
-1.75
-74.87%
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Allied Gaming & Entertainment Corporate Events
Business Operations and StrategyDelistings and Listing ChangesFinancial DisclosuresRegulatory Filings and Compliance
Allied Gaming Advances Nasdaq Compliance, Drives Strategic Transformation
Neutral
May 22, 2026
On May 19, 2026, All In FutureTech Alliance received a Nasdaq deficiency letter after missing the May 15 deadline for its March 31, 2026 Form 10-Q and remaining late on its 2025 Form 10-K, leaving the company formally out of compliance and adding ...
Business Operations and StrategyDelistings and Listing ChangesRegulatory Filings and Compliance
Allied Gaming Rebrands as AI-Focused FutureTech Platform
Positive
May 20, 2026
On May 15, 2026, Allied Gaming Entertainment Inc. changed its corporate name to All In FutureTech Alliance Inc. and updated its bylaws accordingly, with its Nasdaq ticker set to change to AIFA around May 19, 2026 while existing shares remain vali...
Business Operations and StrategyDelistings and Listing ChangesRegulatory Filings and ComplianceShareholder Meetings
Allied Gaming Faces Nasdaq Delisting, Lowers Meeting Quorum
Negative
May 11, 2026
On May 6, 2026, Allied Gaming Entertainment received a Nasdaq staff notice that its shares are scheduled for delisting from the Nasdaq Capital Market and suspension on May 15, 2026, after failing for 180 days to meet the $1.00 minimum bid price a...
Business Operations and StrategyExecutive/Board Changes
Allied Gaming Details CEO Guarantee and Equity Awards
Neutral
May 4, 2026
On May 2, 2026, Allied Gaming Entertainment entered into a CEO Share Issuance and Reimbursement Agreement with Chief Executive Officer and Chairman Yangyang Li, providing for a potential issuance of common stock to Li in recognition of his person...
Financial DisclosuresRegulatory Filings and Compliance
Allied Gaming Faces Nasdaq Noncompliance Over Delayed 10-K
Negative
Apr 21, 2026
Allied Gaming Entertainment disclosed that on April 16, 2026 it received a deficiency notice from Nasdaq for failing to file its Form 10-K for the year ended Dec. 31, 2025 by the extended deadline of April 15, 2026. The notice, announced publicly...
Business Operations and StrategyLegal Proceedings
Allied Gaming Reaches Global Litigation Settlement with Knighted
Neutral
Apr 21, 2026
On April 10, 2026, Allied Gaming Entertainment Inc. and its CEO and chairman, Yangyang Li, entered into a binding global resolution term sheet with Knighted Pastures, LLC and Roy Choi to settle long-running Delaware and federal litigation between...
Executive/Board Changes
Allied Gaming Reshapes Board Committees After Director Resignations
Neutral
Apr 3, 2026
On March 30, 2026, Allied Gaming Entertainment announced that directors Yushi Guo and Jerry Qin resigned from the Board and all committees on which they served, effective immediately. Following their departures, the company reconstituted its gove...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.