Bragg Gaming Group Inc (NASDAQ: BRAG)’s stock price has dropped by -28.54 in relation to previous closing price of 4.38. Nevertheless, the company has seen a loss of -28.86% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-14 that Bragg Gaming Group Inc. (NASDAQ:BRAG ) Q3 2024 Earnings Conference Call November 14, 2024 8:30 AM ET Company Participants Matevz Mazij – Chief Executive Officer Robbie Bressler – Interim Chief Financial Officer Conference Call Participants Jordan Bender – Citizens JMP Gianluca Tucci – Haywood Securities Jack Codera – Maxim Group Operator Good morning, everyone. My name is Sarah, and thank you for joining the Third Quarter of 2024 Earnings Conference Call for Bragg Gaming Group.
Is It Worth Investing in Bragg Gaming Group Inc (NASDAQ: BRAG) Right Now?
The stock has a 36-month beta value of 1.10. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 4 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for BRAG is 18.26M, and at present, short sellers hold a 0.43% of that float. On November 15, 2024, the average trading volume of BRAG was 32.31K shares.
BRAG’s Market Performance
BRAG stock saw a decrease of -28.86% in the past week, with a monthly decline of -35.20% and a quarterly a decrease of -35.33%. The volatility ratio for the week is 9.92%, and the volatility levels for the last 30 days are 4.96% for Bragg Gaming Group Inc (BRAG). The simple moving average for the past 20 days is -31.28% for BRAG’s stock, with a -42.31% simple moving average for the past 200 days.
Analysts’ Opinion of BRAG
Many brokerage firms have already submitted their reports for BRAG stocks, with JMP Securities repeating the rating for BRAG by listing it as a “Mkt Outperform.” The predicted price for BRAG in the upcoming period, according to JMP Securities is $8 based on the research report published on November 10, 2023 of the previous year 2023.
ROTH Capital, on the other hand, stated in their research note that they expect to see BRAG reach a price target of $9. The rating they have provided for BRAG stocks is “Buy” according to the report published on September 21st, 2022.
Maxim Group gave a rating of “Buy” to BRAG, setting the target price at $12 in the report published on June 15th of the previous year.
BRAG Trading at -34.96% from the 50-Day Moving Average
After a stumble in the market that brought BRAG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -55.29% of loss for the given period.
Volatility was left at 4.96%, however, over the last 30 days, the volatility rate increased by 9.92%, as shares sank -34.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -37.77% lower at present.
During the last 5 trading sessions, BRAG fell by -28.86%, which changed the moving average for the period of 200-days by -43.09% in comparison to the 20-day moving average, which settled at $4.55. In addition, Bragg Gaming Group Inc saw -38.02% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for BRAG
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.43 for the gross margin
The net margin for Bragg Gaming Group Inc stands at -0.08. The total capital return value is set at -0.06. Equity return is now at value -11.14, with -7.68 for asset returns.
Based on Bragg Gaming Group Inc (BRAG), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at 1.2. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is -1.78.
Currently, EBITDA for the company is 12.36 million with net debt to EBITDA at -0.05. When we switch over and look at the enterprise to sales, we see a ratio of 0.78. The receivables turnover for the company is 5.09for trailing twelve months and the total asset turnover is 0.89. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.05.
Conclusion
To sum up, Bragg Gaming Group Inc (BRAG) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
