(TANGI) Tangiamo Touch Technology - Ratings and Ratios

Tangiamo Touch Technology AB is a Swedish gaming technology company that specializes in developing innovative, multiplayer electronic gaming machines and visual identification software products. Their product portfolio includes MultiPLAY, a touch table gaming platform that replicates the live roulette experience, as well as other solutions like dice shakers with automated dice recognition technology, TNG Slot platform, and Gaming bridge, a casino system that enables remote gaming on tablets and online.

The companys history dates back to 2004 when it was incorporated as TouchTable AB, later rebranding to Tangiamo Touch Technology AB in 2010. Headquartered in Gothenburg, Sweden, Tangiamo has established itself as a player in the gaming technology industry, with a focus on enhancing the gaming experience through technology.

From a technical analysis perspective, TANGIs stock has shown a relatively stable trend, with its last price at 1.13 SEK. The stock is currently trading near its 20-day Simple Moving Average (SMA20) of 1.09 and its 50-day SMA of 1.13. However, it is below its 200-day SMA of 1.25, indicating a potential longer-term downtrend. The Average True Range (ATR) is 0.15, representing a 12.99% volatility. Given the current technical indicators, a potential forecast could be that the stock may continue to consolidate around its current levels, with a potential breakout above 1.25 SEK, which could signal a reversal of the downtrend.

From a fundamental analysis perspective, Tangiamos market capitalization stands at 20.99M SEK, with a negative Return on Equity (RoE) of -112.15, indicating significant losses. The absence of a Price-to-Earnings (P/E) ratio, both current and forward, further emphasizes the companys current unprofitability. Considering the fundamental data and the fact that the company operates in a growth industry, a potential forecast could be that if Tangiamo can achieve profitability, its market capitalization could increase significantly. However, this would require a substantial improvement in its financial performance.

Combining both technical and fundamental analysis, a potential forecast for TANGI could be that in the short term, the stock may continue to trade within a narrow range. However, if the company can demonstrate a clear path to profitability, either through increasing revenue or reducing losses, the stock could experience a significant revaluation, potentially breaking above its 52-week high of 1.62 SEK. Conversely, failure to address its financial challenges could lead to further decline.