Slinger Bag Inc (OTCMKTS:SLBG) Stock Falls 15% In a Month: Here are Key Developments

Shares of Slinger Bag Inc (OTCMKTS:SLBG) have been under pressure over the past sessions and down 15% in a month.

Market Stats

On Tuesday, SLBG stock fell 2.10% to $1.41 with more than 3.7k shares, compared to its average volume of 12.33K shares. The stock moved within a range of $1.4101 – 1.4500 after opening trading at $1.45.          

Slinger Officially Closes its PlaySight Interactive Acquisition

Leading connected sports technology company – Slinger Bag Inc (OTCMKTS:SLBG), announced on February 22, 2022, about completing its acquisition of PlaySight Interactive Ltd., which is a game-changer in video technology, data capture, high performance analytics and automated video production for sports.

The new group of companies consists of Slinger, PlaySight Interactive, GAMEFACE.AI and Foundation Tennis, with the revenue estimated to be approximately $35 million in the first 12 months of operations. Ever since its launch back in 2014, PlaySight technology has been trusted and used daily throughout tennis, baseball, cricket, basketball, and other leading sports. The technology footprint includes 18 NBA teams, 90 total professional teams across the NBA, WNBA, NHL, MLB, and international leagues, 125 NCAA collegiate athletic programs, and more.

PlaySight has also attracted lucrative investments from industry leaders including Billie Jean King, Novak Djokovic, Chris Evert, Pete Sampras, and high profile PlaySight Ambassadors such as Darren Cahill, Ana Ivanovic, Tommy Haas, and Paul Annacone. It is all set to debut a fully mobile sports broadcast platform, later in 2022. This year will involve further enhancements to its existing streaming, data capture and automated production infrastructure, too.

Mike Ballardie, CEO of Slinger, looks forward to progressing swiftly as they work towards fully integrating PlaySight and GAMEFACE.AI into a single, robust platform.

Key Quote

“We now have all the pieces in place to execute on our ‘Watch, Play, Learn’ strategy,” said Mike Ballardie, CEO of Slinger. “Integration plans for both our PlaySight and GAMEFACE.AI acquisitions have been underway for a while, and we expect to progress quickly as we build out our fully integrated platform later in the year.”

Traders Corner

SLBG stock is trading below the 20-Day and 200-Day Moving averages of $1.53 and $1.67 respectively. The stock is trading in neutral zone with the RSI at 40.