Gambling.com Group Ltd (NASDAQ:GAMB) shares, rose in value on Friday, March 07, with the stock price down by -2.79% to the previous day’s close as strong demand from buyers drove the stock to $12.53.
Actively observing the price movement in the last trading, the stock closed the session at $12.89. The PE ratio was 16.07 over 12-month period. Referring to stock’s 52-week performance, its high was $17.14, and the low was $7.51. On the whole, GAMB has fluctuated by -20.39% over the past month.
With the market capitalization of Gambling.com Group Ltd currently standing at about $462.65 million, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 127.03M, with a low estimate of 34.96M and a high estimate of 35.2M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 35.14M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GAMB’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.68, with the price of GAMB currently trading nearly -15.80% and -13.72% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 30.59, while the 7-day volatility ratio is showing 4.52% which for the 30-day chart, stands at 5.11%. Furthermore, Gambling.com Group Ltd (GAMB)’s beta value is 1.03, and its average true range (ATR) is 0.72.
A comparison of Gambling.com Group Ltd (GAMB) with its peers suggests the former has fared considerably weaker in the market. GAMB showed an intraday change of -2.79% in last session, and over the past year, it grew by 46.21%%.
Data on historical trading for Gambling.com Group Ltd (NASDAQ:GAMB) indicates that the trading volumes over the past 3 months, they’ve averaged 410.06K. According to company’s latest data on outstanding shares, there are 36.92 million shares outstanding.
Nearly 54.19% of Gambling.com Group Ltd’s shares belong to company insiders and institutional investors own 38.59% of the company’s shares. The stock has fallen by -11.01% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GAMB stock heading into the next quarter.
