A share price of GAN Limited [GAN] is currently trading at $1.78, up 0.56%. An important factor to consider is whether the stock is rising or falling in short-term value.
From an analyst’s perspective:
GAN Limited [NASDAQ: GAN] stock has seen the most recent analyst activity on November 09, 2023, when Macquarie downgraded its rating to a Neutral. Previously, Northland Capital downgraded its rating to Market Perform on March 23, 2022. On August 10, 2021, Jefferies initiated with a Buy rating and assigned a price target of $21 on the stock. Craig Hallum downgraded its rating to a Hold but $20 remained the price target by the analyst firm on March 26, 2021. In a note dated June 04, 2020, Macquarie initiated an Outperform rating and provided a target price of $24 on this stock.
GAN Limited experienced fluctuations in its stock price throughout the past year between $1.17 and $1.90. GAN Limited [NASDAQ: GAN] shares were valued at $1.78 at the most recent close of the market.
Analyzing the GAN fundamentals
Trailing Twelve Months sales for GAN Limited [NASDAQ:GAN] were 134.02M which represents 24.42% growth. Gross Profit Margin for this corporation currently stands at 0.65% with Operating Profit Margin at -0.09%, Pretax Profit Margin comes in at -0.1%, and Net Profit Margin reading is -0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.16, Equity is 1.79 and Total Capital is -0.23. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -8.63.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.7517 points at the first support level, and at 1.7233 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.7967, and for the 2nd resistance point, it is at 1.8133.
Ratios To Look Out For
To put it in perspective, the Current Ratio for GAN Limited [NASDAQ:GAN] is 1.74. On the other hand, the Quick Ratio is 1.74, and the Cash Ratio is 1.14. Considering the valuation of this stock, the price to sales ratio is 0.61.
