Do futuristic bulls still own GAN Limited [GAN] stock?

GAN Limited (NASDAQ:GAN) shares traded 1.84% higher at $1.66 on Wall Street last session.

In accordance with the data, 2 analysts cover GAN Limited (NASDAQ:GAN). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $1.97 and a low of $1.97, we find $1.97. Given the previous closing price of $1.63, this indicates a potential upside of 20.86 percent. GAN stock price is now 43.71% away from the 50-day moving average and 9.91% away from the 200-day moving average. The market capitalization of the company currently stands at $74.17M.

It has been rated a hold by 2 analysts and a buy by 0. Brokers who have rated the stock have averaged $1.97 as their price target over the next twelve months.

A total of 5.83% of the company’s stock is owned by insiders.

GAN Limited (NASDAQ: GAN) opened at $1.6500 on Thursday. During the past 12 months, GAN Limited has had a low of $0.83 and a high of $2.49. As of last week, the company has a debt-to-equity ratio of 4.22, a current ratio of 1.89, and a quick ratio of 1.89. The fifty day moving average price for GAN is $1.1551 and a two-hundred day moving average price translates $1.5103 for the stock.

The latest earnings results from GAN Limited (NASDAQ: GAN) was released for Jun, 2023. According to the Gambling Company, earnings per share came in at -$0.22, missing analysts’ expectations of -$0.17 by -0.05. This compares to -$0.91 EPS in the same period last year. The net profit margin was -124.36% and return on equity was -191.74% for GAN. The company reported revenue of $33.76 million for the quarter, compared to $34.97 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.46 percent. For the current quarter, analysts expect GAN to generate $32.69M in revenue.

GAN Limited(GAN) Company Profile

GAN Limited operates as a business-to-business (B2B) supplier of enterprise software-as-a-service solutions to online casino gaming and sports betting applications in the United States, Europe, Latin America, and internationally. The company operates in two segments, B2B and Business-to-Consumer (B2C). It offers and licenses GameSTACK, an internet gaming platform that provides turnkey technology solution for regulated real-money internet gambling, online sports betting, and simulated gaming. The company also offers online sports betting, online casino game, and peer-to-peer poker services through its website, as well as a range of development, marketing, and customer support services designed to fast-track deployments and provide ongoing operational support for its software systems. It serves regional operators and individual tribal casino operators. The company was incorporated in 1999 and is headquartered in Irvine, California.

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