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Gaming Realms (LON:GMR) Stock Price Down 11.5% - Here's Why

Gaming Realms logo with Consumer Cyclical background

Key Points

  • Gaming Realms experienced a significant decline in stock price, falling 11.5% to GBX 44.60 ($0.60) on Monday, with trading volume increasing 195% compared to its average.
  • Despite the recent drop, analysts from Canaccord Genuity and Peel Hunt have upgraded their target prices, with an average target of GBX 64 and a consensus rating of "Buy."
  • The company reported a net margin of 26.35% and earnings per share of GBX 0.90 for the last quarter, reflecting strong financial performance amidst market fluctuations.
  • Interested in Gaming Realms? Here are five stocks we like better.

Gaming Realms plc (LON:GMR - Get Free Report)'s share price was down 11.5% on Monday . The company traded as low as GBX 41.20 ($0.56) and last traded at GBX 44.60 ($0.60). Approximately 2,481,307 shares traded hands during trading, an increase of 195% from the average daily volume of 840,314 shares. The stock had previously closed at GBX 50.40 ($0.68).

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GMR. Canaccord Genuity Group upped their target price on Gaming Realms from GBX 57 to GBX 67 and gave the company a "buy" rating in a research report on Monday. Peel Hunt boosted their target price on shares of Gaming Realms from GBX 60 to GBX 75 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Gaming Realms has an average rating of "Buy" and an average price target of GBX 64.

View Our Latest Report on Gaming Realms

Gaming Realms Price Performance

The company has a current ratio of 4.47, a quick ratio of 1.23 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of £131.51 million, a PE ratio of 1,554.01 and a beta of 1.42. The business has a 50-day moving average of GBX 51.89 and a 200 day moving average of GBX 44.94.

Gaming Realms (LON:GMR - Get Free Report) last issued its quarterly earnings data on Monday, September 8th. The company reported GBX 0.90 earnings per share (EPS) for the quarter. Gaming Realms had a net margin of 26.35% and a return on equity of 25.57%. As a group, research analysts anticipate that Gaming Realms plc will post 3.6954315 EPS for the current fiscal year.

Insider Buying and Selling

In other Gaming Realms news, insider Geoffrey Robert Green sold 200,000 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of GBX 51, for a total transaction of £102,000. 27.83% of the stock is currently owned by company insiders.

About Gaming Realms

(Get Free Report)

Gaming Realms creates and licenses innovative games for mobile, with operations in the UK, U.S. and Canada. Through its unique IP and brands, Gaming Realms is bringing together media, entertainment and gaming assets in new game formats. The Gaming Realms management team includes accomplished entrepreneurs and experienced executives from a wide range of leading gaming and media companies.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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