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

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

Wall Street Analysts Forecast Growth

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

Brera Stock Performance

The stock has a 50 day simple moving average of $0.84.

Brera shares are scheduled to reverse split 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.

Hedge Funds Weigh In On Brera

A number of large investors have recently bought and sold shares of the company. HighTower Advisors LLC purchased a new position in Brera during the 4th quarter worth $28,000. Millennium Management LLC purchased a new position in Brera during the 4th quarter worth $41,000. Engineers Gate Manager LP purchased a new position in Brera during the 4th quarter worth $62,000. PEAK6 LLC purchased a new position in shares of Brera in the 4th quarter valued at about $93,000. Finally, Geode Capital Management LLC purchased a new position in shares of Brera in the 4th quarter valued at about $95,000. Hedge funds and other institutional investors own 68.26% of the company’s stock.

About Brera

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.