Gambling.com Group Ltd (NASDAQ: GAMB) has a higher price-to-earnings ratio of 14.78x compared to its average ratio, The 36-month beta value for GAMB is at 0.86. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for GAMB is 15.92M, and currently, shorts hold a 4.09% of that float. The average trading volume for GAMB on October 24, 2024 was 165.88K shares.
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GAMB) stock’s latest price update
The stock price of Gambling.com Group Ltd (NASDAQ: GAMB) has jumped by 1.33 compared to previous close of 9.80. Despite this, the company has seen a fall of -0.20% in its stock price over the last five trading days. businesswire.com reported 2024-10-21 that CHARLOTTE, N.C.–(BUSINESS WIRE)–Gambling.com Group Limited (Nasdaq: GAMB) (“Gambling.com Group” or the “Company”), a fast-growing provider of digital marketing services for the global online gambling industry, today announced it will release its 2024 third quarter results before the market opens on Thursday, November 14, 2024, and host a conference call and simultaneous webcast at 8:00 a.m. ET that day. During the call, Gambling.com Group Chief Executive Officer and Co-founder, Charles Gilles.
GAMB’s Market Performance
Gambling.com Group Ltd (GAMB) has seen a -0.20% fall in stock performance for the week, with a -1.88% decline in the past month and a 3.65% surge in the past quarter. The volatility ratio for the week is 1.63%, and the volatility levels for the past 30 days are at 2.00% for GAMB. The simple moving average for the past 20 days is 0.62% for GAMB’s stock, with a 9.57% simple moving average for the past 200 days.
Analysts’ Opinion of GAMB
Many brokerage firms have already submitted their reports for GAMB stocks, with B. Riley Securities repeating the rating for GAMB by listing it as a “Buy.” The predicted price for GAMB in the upcoming period, according to B. Riley Securities is $14.50 based on the research report published on April 26, 2024 of the current year 2024.
B. Riley Securities, on the other hand, stated in their research note that they expect to see GAMB reach a price target of $14. The rating they have provided for GAMB stocks is “Buy” according to the report published on July 18th, 2023.
ROTH MKM gave a rating of “Buy” to GAMB, setting the target price at $13 in the report published on July 11th of the previous year.
GAMB Trading at -0.96% from the 50-Day Moving Average
After a stumble in the market that brought GAMB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.46% of loss for the given period.
Volatility was left at 2.00%, however, over the last 30 days, the volatility rate increased by 1.63%, as shares sank -2.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.00% upper at present.
During the last 5 trading sessions, GAMB fell by -0.60%, which changed the moving average for the period of 200-days by +5.10% in comparison to the 20-day moving average, which settled at $9.87. In addition, Gambling.com Group Ltd saw 1.85% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for GAMB
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.88 for the gross margin
The net margin for Gambling.com Group Ltd stands at 0.22. The total capital return value is set at 0.2. Equity return is now at value 22.40, with 16.10 for asset returns.
Based on Gambling.com Group Ltd (GAMB), the company’s capital structure generated 0.13 points at debt to capital in total, while cash flow to debt ratio is standing at 0.81. The debt to equity ratio resting at 0.15. The interest coverage ratio of the stock is 16.09.
Currently, EBITDA for the company is 31.63 million with net debt to EBITDA at 0.46. When we switch over and look at the enterprise to sales, we see a ratio of 3.3. The receivables turnover for the company is 6.02for trailing twelve months and the total asset turnover is 0.66. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.99.
Conclusion
In conclusion, Gambling.com Group Ltd (GAMB) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
