GAN (Nasdaq:GAN) - Stock Price, News & Analysis

GAN Stock Overview

GAN fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	4/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

Rewards

Earnings are forecast to grow 69.51% per year

Trading at good value compared to peers and industry

Risk Analysis

Negative shareholders equity

Shareholders have been diluted in the past year

Does not have a meaningful market cap ($55M)

GAN Limited Competitors

Galaxy Gaming

OTCPK:GLXZ

US$31.3m

Century Casinos

NasdaqCM:CNTY

US$90.8m

Canterbury Park Holding

NasdaqGM:CPHC

US$117.4m

Table Trac

OTCPK:TBTC

US$20.4m

Price History & Performance

Summary of all time highs, changes and price drops for GAN
Historical stock prices
Current Share Price	US$1.22
52 Week High	US$2.07
52 Week Low	US$0.83
Beta	2.01
1 Month Change	-4.69%
3 Month Change	-20.78%
1 Year Change	-22.78%
3 Year Change	-93.44%
5 Year Change	n/a
Change since IPO	-90.79%

Recent updates

GAN signs multi-year agreement for exclusive U.S. online rights to leading casino portfolio

Jun 17

GAN Limited (NASDAQ:GAN) Just Released Its First-Quarter Results And Analysts Are Updating Their Estimates

May 19

Is GAN Limited (NASDAQ:GAN) Trading At A 34% Discount?

May 13

What Type Of Shareholders Own The Most Number of GAN Limited (NASDAQ:GAN) Shares?

Mar 12

Analysts Just Made A Sizeable Upgrade To Their GAN Limited (NASDAQ:GAN) Forecasts

Feb 05

GAN soars after Cuomo indicates interest in using New York lottery for sports betting

Jan 06

Brokers Are Upgrading Their Views On GAN Limited (NASDAQ:GAN) With These New Forecasts

Dec 22

GAN Limited: Powering The Future Of Online Gambling

Dec 22

GAN Limited: The Gambler

Dec 20

Shareholder Returns

	GAN	US Hospitality	US Market
7D	-5.4%	2.8%	1.0%
1Y	-22.8%	23.4%	21.9%

Return vs Industry: GAN underperformed the US Hospitality industry which returned 24.4% over the past year.

Return vs Market: GAN underperformed the US Market which returned 24.9% over the past year.

Price Volatility

Is GAN's price volatile compared to industry and market?
GAN volatility
GAN Average Weekly Movement	4.0%
Hospitality Industry Average Movement	5.8%
Market Average Movement	6.0%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	3.0%

Stable Share Price: GAN's share price has been volatile over the past 3 months.

Volatility Over Time: GAN's weekly volatility has decreased from 15% to 4% over the past year.

About the Company

Founded	Employees	CEO	Website
1999	675	Seamus McGill	www.gan.com

GAN Limited operates as a business-to-business (B2B) supplier of enterprise software-as-a-service solutions to online casino gaming and sports betting applications in the United States, Europe, Latin America, and internationally. It operates through two segments: B2B and B2C. The company provides and licenses GameSTACK, an internet gaming platform that provides turnkey technology solution for regulated real-money internet gambling, online sports betting, and virtual simulated gaming.

GAN Limited Fundamentals Summary

How do GAN's earnings and revenue compare to its market cap?
GAN fundamental statistics
Market cap	US$55.03m
Earnings (TTM)	-US$34.44m
Revenue (TTM)	US$129.42m

0.4x

P/S Ratio

-1.6x

P/E Ratio

Is GAN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GAN income statement (TTM)
Revenue	US$129.42m
Cost of Revenue	US$38.70m
Gross Profit	US$90.72m
Other Expenses	US$125.16m
Earnings	-US$34.44m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.76
Gross Margin	70.10%
Net Profit Margin	-26.61%
Debt/Equity Ratio	-916.4%

How did GAN perform over the long term?

See historical performance and comparison

GAN Stock Overview

Rewards

Risk Analysis

GAN Limited Competitors

OTCPK:GLXZ

US$31.3m

NasdaqCM:CNTY

US$90.8m

NasdaqGM:CPHC

US$117.4m

OTCPK:TBTC

US$20.4m

Price History & Performance

Recent News & Updates

GAN Limited Announces Appointment of Brian Chang to Chief Financial Officer

New major risk - Negative shareholders equity

Full year 2023 earnings: EPS and revenues miss analyst expectations

Gan Limited Appoints Seamus Mcgill as Chief Executive Officer

Wohl & Fruchter LLP Files Class Action Lawsuit on Behalf of Shareholders of GAN Limited in the U.S. District Court for the Southern District of New York

Gan Limited Announces Board Changes

Recent updates

GAN Limited Announces Appointment of Brian Chang to Chief Financial Officer

New major risk - Negative shareholders equity

Full year 2023 earnings: EPS and revenues miss analyst expectations

Gan Limited Appoints Seamus Mcgill as Chief Executive Officer

Wohl & Fruchter LLP Files Class Action Lawsuit on Behalf of Shareholders of GAN Limited in the U.S. District Court for the Southern District of New York

Gan Limited Announces Board Changes

Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Sega Sammy Creation Inc. (SSC) entered into a definitive agreement to acquire GAN Limited (NasdaqCM:GAN) for $91.7 million.

New major risk - Share price stability

GAN Limited Receives Regulatory Approval from the Nevada Gaming Commission

GAN Limited Receives Regulatory Approval from the Nevada Gaming Commission

GAN Limited Announces Chief Executive Officer Changes

GAN (NASDAQ:GAN) Has Debt But No Earnings; Should You Worry?

Consensus EPS estimates fall by 33%, revenue upgraded

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Does GAN (NASDAQ:GAN) Have A Healthy Balance Sheet?

Consensus revenue estimates decrease by 11%, EPS upgraded

Price target decreased by 19% to US$3.13

Forecast to breakeven in 2025

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

GAN Limited to Report Q1, 2023 Results on May 10, 2023

Consensus EPS estimates fall by 45%

Full year 2022 earnings: EPS misses analyst expectations

Price target increased by 17% to US$3.88

Is GAN (NASDAQ:GAN) A Risky Investment?

GAN Limited Announces Resignation of Don Ryan as President, Enterprise Solutions

Karen E. Flores Resigns from the Board of Directors of GAN Limited

Price target decreased to US$3.70

Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

GAN Announces the Appointment of Mr. Eric J. Green to Its Board of Directors

GAN Limited to Report Q3, 2022 Results on Nov 14, 2022

GAN Limited Will Recover But The Market Needs To Change Mood

GAN Limited Launches B2B Sports Betting Technology & Managed Trading Services in U.S

President exercised options and sold US$369k worth of stock

Consensus EPS estimates fall by 197%

GAN Limited Revises Earnings Guidance for the Year 2022

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

GAN GAAP EPS of -$0.91, revenue of $35M, lowers FY22 revenue guidance

GAN Limited to Report Q2, 2022 Results on Aug 15, 2022

GAN repurchases $1M in Q2 under existing program

Price target decreased to US$7.30

GAN Limited(NasdaqCM:GAN) dropped from Russell 2000 Dynamic Index

GAN Limited Reiterates Earnings Guidance for the Year 2022

GAN Limited, Annual General Meeting, Jun 13, 2022

GAN Limited announced delayed annual 10-K filing

Consensus forecasts updated

Price target decreased to US$18.80

GAN Limited to Report Q4, 2021 Results on Mar 22, 2022

Price target decreased to US$21.80

GAN Limited (NasdaqCM:GAN) acquired Silverback Gaming Limited.

GAN Limited (NasdaqCM:GAN) announces an Equity Buyback for $5 million worth of its shares.

GAN Limited Grows As Seasonal Sweet Spot Beckons

President notifies of intention to sell stock

President recently sold US$1.9m worth of stock

Third quarter 2021 earnings released: US$0.19 loss per share (vs US$0.14 loss in 3Q 2020)

President notifies of intention to sell stock

Insider exercised options and sold US$413k worth of stock

President recently bought US$251k worth of stock

GAN Limited Reiterates Revenue Guidance for the Full Year 2021