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GAN Limited (GAN) Stock Could Soon Reward Patient Investors

GAN Limited (NASDAQ: GAN) is 9.49% higher on its value in year-to-date trading and has touched a low of $0.83 and a high of $1.75 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GAN stock was last observed hovering at around $1.73 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $1.73, the stock is 4.53% and 10.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.17 million and changing 0.00% at the moment leaves the stock 17.68% off its SMA200. GAN registered 26.28% gain for a year compared to 6-month gain of 16.11%.

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The stock witnessed a 8.81% loss in the last 1 month and extending the period to 3 months gives it a 28.15%, and is 0.00% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.51% over the week and 2.93% over the month.

GAN Limited (GAN) has around 677 employees, a market worth around $78.66M and $126.74M in sales. Profit margin for the company is -18.48%. Distance from 52-week low is 108.43% and -1.42% from its 52-week high. The company has generated returns on investments over the last 12 months (-62.66%).

The EPS is expected to grow by 66.53% this year.

GAN Limited (GAN) Top Institutional Holders

56.0 institutions hold shares in GAN Limited (GAN), with institutional investors hold 18.38% of the company’s shares. The shares outstanding are 45.07M, and float is at 41.94M with Short Float at 0.73%. Institutions hold 17.01% of the Float.

The top institutional shareholder in the company is RENAISSANCE TECHNOLOGIES LLC with over 0.78 million shares valued at $1.15 million. The investor’s holdings represent 1.7233% of the GAN Shares outstanding. As of 2024-06-30, the second largest holder is DYNAMIC TECHNOLOGY LAB PRIVATE LTD with 0.76 million shares valued at $$1.11 million to account for 1.6743 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 0.68 million shares representing 1.4964% and valued at over $1.0 million, while BRIDGEWAY CAPITAL MANAGEMENT, LLC holds 1.4186 of the shares totaling 0.64 million with a market value of $0.94 million.

GAN Limited (GAN) Insider Activity

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