GAN Limited (GAN) expanding its growth trajectory ahead

GAN Limited (NASDAQ: GAN) stock fell -7.43% on Friday to $1.87 against a previous-day closing price of $2.02. With 1.11 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.28 million shares. During the session, the Gambling company that operates in wider Consumer Cyclical sector, reached to the highest price of $2.1600 whereas the lowest price it dropped to was $1.8400. The 52-week range on GAN shows that it touched its highest point at $7.40 and its lowest point at $1.20 during that stretch. It currently has a 1-year price target of $4.90. Beta for the stock currently stands at 1.73.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GAN was down-trending over the past week, with a drop of -4.10%, but this was up by 12.65% over a month. Three-month performance dropped to -2.09% while six-month performance fell -48.06%. The stock lost -73.09% in the past year, while it has gained 24.67% so far this year. A look at the trailing 12-month EPS for GAN yields -1.48 with Next year EPS estimates of -0.47. For the next quarter, that number is -0.13. This implies an EPS growth rate of 2.80% for this year and 63.80% for next year.

Float and Shares Shorts:

At present, 42.24 million GAN shares are outstanding with a float of 36.85 million shares on hand for trading. On Oct 13, 2022, short shares totaled 0.67 million, which was 1.58% higher than short shares on Sep 14, 2022. In addition to Mr. Dermot Stopford Smurfit Jr. as the firm’s Pres, CEO & Exec. Director, Ms. Karen E. Flores serves as its Exec. VP, CFO & Exec. Director.

Institutional Ownership:

Through their ownership of 34.81% of GAN’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 5.59% of GAN, in contrast to 18.98% held by mutual funds. Shares owned by individuals account for 10.91%. As the largest shareholder in GAN with 5.75% of the stake, Antara Capital LP holds 2,447,453 shares worth 2,447,453. A second-largest stockholder of GAN, PRIMECAP Management Co., holds 1,838,885 shares, controlling over 4.32% of the firm’s shares. Exchange Traded Concepts LLC is the third largest shareholder in GAN, holding 799,821 shares or 1.88% stake. With a 4.02% stake in GAN, the PRIMECAP Odyssey Aggressive Growt is the largest stakeholder. A total of 1,712,185 shares are owned by the mutual fund manager. The Roundhill Sports Betting & iGamin, which owns about 1.87% of GAN stock, is the second-largest Mutual Fund holder. It holds 794,959 shares valued at 1.19 million. Vanguard Extended Market Index Fu holds 1.30% of the stake in GAN, owning 552,394 shares worth 0.83 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GAN since 5 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GAN analysts setting a high price target of $6.00 and a low target of $2.00, the average target price over the next 12 months is $3.50. Based on these targets, GAN could surge 220.86% to reach the target high and rise by 6.95% to reach the target low. Reaching the average price target will result in a growth of 87.17% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. GAN will report FY 2022 earnings on 03/20/2024. Analysts have provided yearly estimates in a range of -$0.58 being high and -$1.31 being low. For GAN, this leads to a yearly average estimate of -$1.02. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. GAN Limited surprised analysts by $0.01 when it reported -$0.16 EPS against a consensus estimate of -$0.17. The surprise factor in the prior quarter was -$0.79. Based on analyst estimates, the high estimate for the next quarter is -$0.11 and the low estimate is -$0.17. The average estimate for the next quarter is thus -$0.13.

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