GAN Limited (NASDAQ:GAN) saw an upside of 18.98% to $1.28 after adding $0.2 on Wednesday. The 5-day average trading volume is 311,837 shares of the company’s common stock. It has gained $1.3769 in the past week and touched a new high 2 times within the past 5 days. An average of 183,074 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 240,630.
GAN’s 1-month performance is -5.51% or -$0.0100 on its low of $1.0700 reached on 09/26/23. The company’s shares have touched a 52-week low of $1.07 and high of $2.49, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, GAN has lost -14.33% or -$0.1600 and has reached a new high 11 times. However, the current price is down -48.37% from the 52-week high price.
Valuation Metrics
Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.42 while the price-to-book (PB) in the most recent quarter is 5.78.
GAN Limited’s quick ratio for the period ended June 29 was 1.89, with the current ratio over the same period at 1.89. As well, the company’s long term debt to equity for the quarter ending June 29 was 4.17, while the total debt to equity was 4.22. In terms of profitability, the gross margin trailing 12 months is 56.60%. The firm’s gross profit as reported stood at $99.89 million against revenue of $141.53 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -108.31% to -$18.41 million, while revenue of $1.5 million was 108.15% off the previous quarter. Analysts expected GAN to announce -$0.17 per share in earnings in its latest quarter, but it posted -$0.22, representing a -29.40% surprise. EBITDA for the quarter stood at more than -$4.32 million. GAN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 85.05 million, with total debt at $41.9 million. Shareholders hold equity totaling $44.68 million.
Let’s look briefly at GAN Limited (GAN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 56.38% to suggest the stock is trending Neutral, with historical volatility in this time period at 124.32%.
The stock’s 5-day moving average is $1.1720, reflecting a +8.06% or $0.1000 change from its current price. GAN is currently trading -2.19% above its 20-day SMA, -10.07% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -26.78% and SMA200 by-3.60%.
Stochastic %K and %D was 27.40% and 13.13% and the average true range (ATR) pointed at 0.1001. The RSI (14) points at 49.67%, while the 14-day stochastic is at 72.97% with the period’s ATR at 0.1002. The stock’s 9-day MACD Oscillator is pointing at -0.0322 and -0.0826 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for GAN Limited (NASDAQ: GAN), Northland Capital downgraded it to a Market perform rating. They previously had an Outperform rating on the stock.
What is GAN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $2.50 and a high of $3.00, with their median price target at $2.75. Looking at these predictions, the average price target given by analysts is for GAN Limited (GAN) stock is $2.75.
