GAN Limited (NASDAQ:GAN) went down by -7.43% from its latest closing price compared to the recent 1-year high of $7.40. The company’s stock price has collected -4.10% of loss in the last five trading sessions.
Is It Worth Investing in GAN Limited (NASDAQ :GAN) Right Now?
Plus, the 36-month beta value for GAN is at 1.73. Opinions of the stock are interesting as 2 analysts out of 5 who provided ratings for GAN Limited declared the stock was a “buy,” while 0 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $3.50, which is $3.03 above the current price. GAN currently public float of 36.85M and currently shorts hold a 2.93% ratio of that float. Today, the average trading volume of GAN was 280.07K shares.
GAN’s Market Performance
GAN stocks went down by -4.10% for the week, with a monthly jump of 12.65% and a quarterly performance of -2.09%, while its annual performance rate touched -73.09%. The volatility ratio for the week stands at 9.55% while the volatility levels for the past 30 days are set at 10.60% for GAN Limited. The simple moving average for the period of the last 20 days is 13.37% for GAN stocks with a simple moving average of -31.53% for the last 200 days.
Analysts’ Opinion of GAN
Jefferies, on the other hand, stated in their research note that they expect to see GAN reach a price target of $21. The rating they have provided for GAN stocks is “Buy” according to the report published on August 10th, 2021.
B. Riley Securities gave a rating of “Buy” to GAN, setting the target price at $26 in the report published on May 24th of the previous year.
GAN Trading at 21.57% from the 50-Day Moving Average
After a stumble in the market that brought GAN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -74.73% of loss for the given period.
Volatility was left at 10.60%, however, over the last 30 days, the volatility rate increased by 9.55%, as shares surge +13.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.87% upper at present.
During the last 5 trading sessions, GAN fell by -4.10%, which changed the moving average for the period of 200-days by -62.22% in comparison to the 20-day moving average, which settled at $1.6605. In addition, GAN Limited saw 24.67% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at GAN starting from MCGILL SEAMUS M, who purchase 5,000 shares at the price of $2.51 back on Sep 01. After this action, MCGILL SEAMUS M now owns 56,161 shares of GAN Limited, valued at $12,550 using the latest closing price.
Smurfit Dermot S., the President, CEO of GAN Limited, sale 150,000 shares at $2.70 during a trade that took place back on Aug 30, which means that Smurfit Dermot S. is holding 1,699,532 shares at $405,705 based on the most recent closing price.
Stock Fundamentals for GAN
Current profitability levels for the company are sitting at:
- -22.89 for the present operating margin
- +53.14 for the gross margin
The net margin for GAN Limited stands at -24.64. Equity return is now at value -32.70, with -25.20 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.65.