From what 0 stock analysts predict, the share price for Bragg Gaming Group Inc. (BRAG) might increase by 99.6% in the next year. This is based on a 12-month average estimation for BRAG. Price targets go from $7.71304 to $13.22236. The majority of stock analysts believe BRAG is a sell. Please note analyst price targets are not guaranteed and could be missed completely.
About 0 Wall Street analysts have assignedBRAG 0 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect Bragg Gaming Group Inc. to sell. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on BRAG. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of BRAG.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Mike Hickey Benchmark | Speculative Buy | $8 | Reiterates | Apr 3, 2024 |
Jordan Bender JMP Securities | Market Outperform | $8 | Upgrade | Nov 10, 2023 |
Jordan Bender JMP Securities | Market Perform | Initiates | Jun 14, 2023 | |
Mike Hickey Benchmark | Buy | $8 | Reiterates | Mar 22, 2023 |
Mike Hickey Benchmark | Speculative Buy | $8 | Initiates | Jan 5, 2023 |
Edward Engel Roth Capital | Buy | $9 | Initiates | Sep 21, 2022 |
When did it IPO
2021
Staff Count
466
Country
Canada
Sector/Industry
Consumer Cyclical/Gambling
CEO
Mr. Matevz Mazij
Market Cap
$124.5M
In 2023, BRAG generated $93.5M in revenue, which was a increase of 10.37% from the previous year. This can be seen as a signal that BRAG's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
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Why It Matters - The Planet MicroCap Showcase highlights emerging investment opportunities in microcap companies, potentially leading to increased market interest and volatility in this sector.
Summary - Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) has launched new games and RGS technology with Caesars Digital in Pennsylvania and Ontario, expanding its partnership and presence in North America.
Why It Matters - Bragg Gaming's expansion with Caesars Digital increases its market presence, potentially boosting revenues and investor confidence, as it taps into the growing online gaming sector in key regions.
Summary - Bragg Gaming Group Inc. (NASDAQ: BRAG) held its Q2 2024 earnings call on August 8, 2024, featuring CEO Matevz Mazij and Interim CFO Robbie Bressler.
Why It Matters - Bragg Gaming's Q2 earnings call signals financial performance insights, impacting stock valuation and investor sentiment regarding growth prospects in the gaming sector.
Summary - Bragg Gaming Group reported record revenue of โฌ24.9 million for Q2 2024, a 0.5% increase from Q2 2023. Gross profit decreased by 10.3%, with a margin of 49.9%. Adjusted EBITDA fell 23.8%.
Why It Matters - Bragg Gaming's record revenue signals growth potential, but declining gross profit and EBITDA raise concerns about profitability, impacting valuation and investor confidence.
Summary - Bragg Gaming Group is set to report Q2 results, facing tough comparisons to a record performance. Growth is strong, but a key partner renegotiation may impact margins. The stock remains undervalued, with potential acquisition or merger prospects.
Why It Matters - Bragg Gaming's upcoming Q2 results against peak performance highlight growth potential, but margin concerns from partner renegotiations may impact investor sentiment. Acquisition prospects add upside.
Summary - Bragg Gaming Group Inc. (NASDAQ: BRAG, TSX: BRAG) will release its Q2 2024 financial results on August 8, 2024, before market opening, followed by a conference call at 8:30 a.m. ET.
Why It Matters - Bragg Gaming's upcoming financial results release and conference call will provide insights into its performance, influencing stock valuation and investor sentiment.