(CDRO) Codere Online US - Ratings and Ratios

Codere Online US Corp (NASDAQ:CDRO) is a subsidiary of the Codere Group, operating as a prominent online gaming and sports betting entity. The company provides a diverse range of online casino wagering products and services, along with other online gaming solutions, primarily under the Codere and Greenplay brand names. Its geographical footprint spans multiple countries, including Spain, Italy, Mexico, Colombia, the United Kingdom, Germany, South Africa, Austria, Malta, Panama, and Argentina, with its operational base in Luxembourg.

The online gaming industry is highly competitive and subject to stringent regulatory requirements. Codere Onlines success hinges on its ability to navigate these regulations while expanding its customer base and enhancing its product offerings. The companys presence in multiple markets positions it for potential growth, given the increasing demand for online gaming services. However, its financial performance is critical to understanding its investment potential.

Analyzing , Codere Onlines stock exhibits signs of a potential upward trend, with its last price at $8.19, surpassing its SMA20 ($7.41), SMA50 ($7.24), and SMA200 ($7.49). The Average True Range (ATR) of 0.48 indicates a relatively high volatility of 5.89%. The stock is currently near its 52-week high of $8.68, suggesting strong investor interest. Considering the , the companys Market Cap stands at $357.37M USD, with a negative RoE of -2.00, indicating current operational losses.

Forecasting the stocks performance based on the provided and , a potential scenario could unfold as follows: If Codere Online can demonstrate a turnaround in its operational performance, reflected in a positive RoE, and if the industry continues to grow, the stock could see an upward trajectory. The current technical indicators suggest a bullish trend, with the stock price having surpassed its key moving averages. However, the absence of a P/E ratio and a negative RoE are concerns that need to be addressed for sustained growth. A potential target could be a move towards the resistance level near its 52-week high of $8.68, with a potential breakout aiming for new highs if the fundamentals improve.

Investors should closely monitor the companys financial reports and industry trends. A strategic focus on improving operational efficiency and expanding its market share could be key drivers for Codere Onlines future success. The current technical setup, combined with potential fundamental improvements, presents a compelling case for a detailed risk-reward analysis.