GAN Stock Price, News & Analysis (NASDAQ:GAN)

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for GAN in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GAN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GAN, but not buy additional shares or sell existing shares.
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2 Wall Street research analysts have issued 12 month target prices for GAN's shares. Their GAN share price targets range from $2.50 to $2.50. On average, they expect the company's stock price to reach $2.50 in the next twelve months. This suggests a possible upside of 60.3% from the stock's current price.
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GAN's stock was trading at $1.50 at the beginning of 2023. Since then, GAN stock has increased by 4.0% and is now trading at $1.56.
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GAN saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 559,500 shares, a drop of 23.7% from the October 31st total of 733,300 shares. Based on an average daily volume of 770,800 shares, the days-to-cover ratio is presently 0.7 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 4th 2024.
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GAN Limited (NASDAQ:GAN) posted its quarterly earnings results on Thursday, November, 9th. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.02. The firm earned $29.82 million during the quarter. GAN had a negative trailing twelve-month return on equity of 188.72% and a negative net margin of 127.37%.

Roundhill Sports Betting & iGaming ETF holds 233,402 shares of GAN stock, representing 0.36% of its portfolio.

5 employees have rated GAN Chief Executive Officer Dermot Smurfit on Glassdoor.com. Dermot Smurfit has an approval rating of 63% among the company's employees. This puts Dermot Smurfit in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other GAN investors own include Altice USA (ATUS), Intel (INTC), Altria Group (MO), PG&E (PCG), AAR (AIR), Aptiv (APTV), Alteryx (AYX), Cogent Communications (CCOI), FTI Consulting (FCN) and Hill-Rom (HRC).

(GAN) raised $48 million in an IPO on Tuesday, May 5th 2020. The company issued 6,400,000 shares at a price of $6.50-$8.50 per share. B. Riley FBR served as the underwriter for the IPO and Macquarie Capital was co-manager.

GAN's stock is owned by a number of institutional and retail investors. Top institutional investors include River & Mercantile Asset Management LLP (1.80%), GSA Capital Partners LLP (0.72%), Ingalls & Snyder LLC (0.15%), Integrated Wealth Concepts LLC (0.09%), Gamco Investors INC. ET AL (0.07%) and Group One Trading L.P. (0.00%). Insiders that own company stock include David Goldberg, Dermot S Smurfit, Glenn Anders Karlsen, Jeffrey Bruce Berman, Karen Flores, Michael Jr Smurfit, Seamus M Mcgill, Seamus M Mcgill and Simon Knock.
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Shares of GAN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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