SHO.AX stock +23.81% on ASX (Market Closed 27 Feb 2026): heavy volume may extend gains
SHO.AX stock led ASX small-cap gainers on 27 Feb 2026, jumping 23.81% to A$0.13 on heavy turnover. SportsHero Limited (SHO.AX) closed at A$0.13 after trading between A$0.105 and A$0.135 with 6,586,317 shares changing hands. The surge followed an earnings update and put the company back above its 50-day average of A$0.06. We examine why the move happened and whether momentum and fundamentals support further gains
SHO.AX stock price action and volume drivers
Shares of SportsHero Limited (SHO.AX) finished the session at A$0.13, up 23.81% from the prior close of A$0.105. Trading volume was 6,586,317, nearly 3.28x the average volume of 2,009,883, which signals strong market attention. The intraday high was A$0.135, matching the 52-week high.
High relative volume suggests short-term momentum. The stock’s 50-day average price is A$0.06 and the 200-day average is A$0.04, so the move represents a breakout versus recent averages.
Why shares moved: earnings and company update
SportsHero reported results and timing tied to an earnings announcement dated 26 Feb 2026. The company still posts negative EPS of -A$0.01 and a trailing PE of -13.00, but investors focused on user and engagement metrics in the update. SportsHero operates a sport prediction and gamification platform based in Twin Waters, Australia.
The market reaction looks driven by positive operational signals rather than a return to profitability. For more on the company, see the official site: SportsHero website.
Fundamentals, valuation and Meyka AI grade for SHO.AX stock
On fundamentals, SHO.AX has a market cap of A$108,375,726 and 833,659,430 shares outstanding. Key ratios show tight liquidity with a current ratio around 0.08 and negative margins: net margin -50.95% and operating margin -47.47%. Price-to-sales and price-to-book metrics are extreme due to low reported revenue.
Meyka AI rates SHO.AX with a score out of 100: 65.72 (Grade B, HOLD). This grade factors in S&P 500 and sector comparison, financial growth, key metrics, forecasts, and analyst consensus. The grade is informational and not investment advice.
Technical picture and trading signals for SHO.AX stock
Technical indicators show strong short-term momentum. The RSI is 71.90 (overbought) and ADX is 71.20, indicating a strong trend. The MACD histogram sits near 0.00, while the MFI at 91.77 flags heavy buying pressure. Bollinger Bands range from A$0.07 to A$0.11, and today’s close exceeded the upper band.
Traders should note the overbought readings and OBV strength of 92,431,519, which can support a continuation but also warn of sharp pullbacks.
Outlook, risks and SHO.AX stock price targets
Key near-term risks include continued negative earnings, low current liquidity ratios, and reliance on user growth to justify valuation. The Communication Services sector average PE is about 34.81, highlighting a valuation gap for SportsHero.
Meyka AI’s forecast model projects short and longer horizons. The model projects a monthly level of A$0.08 and a 12-month level of A$0.0765, while a 3-year projection is A$0.1337 and a 5-year projection is A$0.1909. Use these as scenario anchors, not guarantees.
Final Thoughts
SHO.AX stock delivered a clear breakout on 27 Feb 2026, rising 23.81% to A$0.13 on volume of 6,586,317 shares. The move reflects reaction to an earnings update and stronger engagement data, not a return to profit. Fundamentals remain challenged with EPS -A$0.01, negative margins, and a low current ratio. Meyka AI’s forecast model projects A$0.08 for the month and A$0.0765 at 12 months, implying downside versus today of -38.46% and -41.14% respectively. Our longer view shows a 3-year projection of A$0.1337 (+2.86% vs A$0.13) and a 5-year projection of A$0.1909 (+46.87%). These model figures illustrate how short-term momentum can differ from medium-term modelled value. Investors looking at SHO.AX stock should weigh strong volume and technical momentum against weak liquidity and negative profitability. For active traders, monitor RSI and volume; for longer-term holders, track monthly engagement metrics and cash runway. Meyka AI provides this data as an AI-powered market analysis platform and not as financial advice.
FAQs
What drove the surge in SHO.AX stock today?
SHO.AX stock jumped 23.81% after SportsHero’s earnings update and engagement metrics. The rise came with 6,586,317 shares traded, about 3.28x average volume, indicating strong short-term buying interest rather than a return to profitability.
What is Meyka AI’s grade for SHO.AX stock and what it means?
Meyka AI rates SHO.AX 65.72 out of 100 (Grade B, HOLD). The score factors in sector comparison, financial growth, key metrics and forecasts. It is informational only and not a recommendation to buy or sell.
What price levels should investors watch for SHO.AX stock?
Key levels: recent close A$0.13, support near A$0.06 (50-day average), and intraday high A$0.135. Meyka AI models project A$0.08 monthly and A$0.0765 at 12 months, with a 3-year target A$0.1337.
Is SHO.AX stock a value or momentum trade?
SHO.AX stock currently reads as a momentum trade. Technicals show overbought RSI at 71.90 and strong ADX. Fundamentals remain weak, so the position carries high risk for long-term investors.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.