Brera (NASDAQ:SLMT) Hits New 1-Year Low – Time to Sell?

Brera Holdings PLC (NASDAQ:SLMT) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $5.15 and last traded at $6.46, with a volume of 16655 shares trading hands. The stock had previously closed at $5.59.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Brera in a report on Friday, April 10th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Brera Trading Up 18.7%

The firm has a fifty day moving average price of $0.84.

Shares of Brera are scheduled to reverse split before the market opens on Friday, May 29th. The 1-10 reverse split was announced on Tuesday, April 28th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, May 28th.

Institutional Trading of Brera

Several hedge funds and other institutional investors have recently bought and sold shares of the company. ARK Investment Management LLC purchased a new stake in Brera in the 4th quarter worth approximately $16,998,000. Electric Capital Partners LLC purchased a new stake in Brera in the 4th quarter worth approximately $12,155,000. Anatole Investment Management Ltd purchased a new stake in Brera in the 4th quarter worth approximately $10,389,000. Alyeska Investment Group L.P. purchased a new stake in Brera in the 4th quarter worth approximately $5,293,000. Finally, Arrington Capital Management LLC purchased a new stake in Brera in the 4th quarter worth approximately $2,055,000. 68.26% of the stock is owned by hedge funds and other institutional investors.

Brera Company Profile

Brera Holdings PLC is an Irish holding company focused on expanding social impact football by developing a global portfolio of emerging football clubs with increased opportunities to earn tournament prizes, gain sponsorships, and provide other professional football and related consulting services. We seek to build on the legacy and brand of Brera FC, the first football club that we acquired in July 2022. Brera FC is an amateur football association which has been building an alternative football legacy since its founding in 2000.