(BRAG) Bragg Gaming - Ratings and Ratios

Bragg Gaming Group Inc. is a leading provider of iGaming content and technology solutions, catering to both online and land-based gaming operators with its proprietary and exclusive content. The companys studios craft bespoke casino game titles leveraging data-driven insights from its in-house brands, including Wild Streak Gaming, Atomic Slot Lab, and Indigo Magic. Braggs proprietary content portfolio is further enhanced by a curated selection of exclusive titles from esteemed studio partners through the Powered By Bragg program.

The companys technological prowess is evident in its RGS technology, which enables the development of games distributed via the Bragg Hub content delivery platform, making them accessible to customers. Additionally, Braggs PAM technology powers various iCasino and sportsbook brands, supported by comprehensive in-house managed services, operational expertise, and marketing capabilities. The company also offers turnkey solutions, a Fuze brand marketing toolset in partnership with Kingsbet.cz, as well as sportsbook technology through Altenar, thereby providing a holistic suite of services to gaming operators.

Geographically, Bragg Gaming Group Inc. serves a diverse clientele across North America, including the United States and Canada, Latin America (LatAM), with a presence in Brazil, Mexico, and Peru, and Europe, where it operates in multiple countries including Belgium, Croatia, Czech Republic, Germany, Greece, Italy, Portugal, Romania, Serbia, Spain, Sweden, Switzerland, and the United Kingdom. With its headquarters in Toronto, Canada, the company has established itself as a significant player in the global iGaming industry.

Analyzing the and , we observe that BRAGs stock is currently priced at $6.47, above its SMA20 and SMA50, indicating a positive short-term trend. However, it is below its 52-week high of $9.12, suggesting potential for growth if it can regain its upward momentum. The ATR of 0.28 (4.25%) indicates moderate volatility. With a Market Cap of $153.67M CAD and a Forward P/E of 476.19, the stock appears to be in a growth phase, albeit with a negative RoE of -7.22, indicating current unprofitability. Given these factors, a forecast for BRAG could involve a potential price target of $8.50 in the next 6-12 months, contingent upon the companys ability to improve its profitability and further expand its market share in the iGaming sector.

This forecast is based on the assumption that Bragg Gaming Group Inc. will continue to leverage its technological advantages, expand its content portfolio, and enhance its market presence, thereby driving revenue growth and potentially improving its profitability. Investors should, however, be cautious of the high volatility and the risks associated with the iGaming industry.