At the last check on Thursday, Gambling.com Group Limited’s (NASDAQ:GAMB) stock was up $1.73, moving up 13.63 percent to $14.42. The average number of shares traded per day over the past five days has been 229,565 shares. 4 times new highs have been achieved over the past 5 days, with a $2.32 gain in that time frame. In the last twenty days, the average volume was 169,811, while in the previous 50 days, it was 223,917.
Since last month, GAMB stock rose 19.37%. Shares of the company fell to $11.28 on 07/27/23, the lowest level in the past month. A 52-week high of $13.20 was reached on 08/17/23 after having rallying from a 52-week low of $6.62. Since the beginning of this year, GAMB’s stock price has risen by 57.60% or $5.14, and marked a new high 20 times. However, the stock has increased by 9.24% since its 52-week high.
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Valuation Metrics
Right now, Gambling.com Group Limited (GAMB) has a P/E ratio of about 125.39. The stock’s beta is 1.41. Besides these, the trailing price-to-sales (P/S) ratio of 6.39, the price-to-book (PB) ratio of 5.48, and the price-to-cash flow ratio of 37.37 may also be considered.
Financial Health
In the three months ended March 30, Gambling.com Group Limited’s quick ratio stood at 1.40, while its current ratio was 1.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.01, and the total debt-to-equity ratio was 0.02. On the profitability front, the trailing twelve-month gross margin is 96.70% percent. In the year ended March 30, EBITDA margin amounted to 26.44%, whereas operating margins totaled 6.80%. Based on annual data, GAMB earned $73.55 million in gross profit and brought in $76.51 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 1.50%. Return on equity (ROE) for the past 12 months was 5.10%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. GAMB’s revenue rose 44.69% during the quarter, while net income inched up to $76.51 million. While analysts expected Gambling.com Group Limited to report $0.17 quarterly earnings, the actual figure was $0.17 per share. During the quarter, the company generated $8.7 million in EBITDA. The liabilities of Gambling.com Group Limited were 51.6 million at the end of its most recent quarter ended March 30, and its total debt was $1.99 million.
Technical Picture
This quick technical analysis looks at Gambling.com Group Limited’s (GAMB) price momentum. With a historical volatility rate of 71.15%, the RSI 9-day stood at 80.44% on 16 August.
With respect to its five-day moving average, the current Gambling.com Group Limited price is up by +19.44% percent or $2.32. At present, GAMB shares trade +20.65% above its 20-day simple moving average and +43.14% percent above its 100-day simple moving average. However, the stock is currently trading approximately +31.78% above its SMA50 and +72.73% above its SMA200.
Stochastic coefficient K was 75.03% and Stochastic coefficient D was 66.29%, while ATR was 0.68. Given the Stochastic reading of 84.25% for the 14-day period, the RSI (14) reading has been calculated as 76.34%. As of today, the MACD Oscillator reading stands at 0.49, while the 14-day reading stands at 0.67.
Analyst Ratings
B. Riley Securities launched its rating on Gambling.com Group Limited (NASDAQ: GAMB) to a Buy in a note to investors on July 18, 2023. Gambling.com Group Limited (GAMB) has been rated Buy by analysts. According to 0 brokerage firms, GAMB is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Gambling.com Group Limited stock as buy, with 7 recommending it as overweight.
With a median target price of $14.00, the current consensus forecast for the stock is $12.00 – $15.00. Based on these forecasts, analysts predict Gambling.com Group Limited (GAMB) will achieve an average price target of $13.71.
