This summary was created by AI, based on 1 opinions in the last 12 months.
The experts have pointed out that there is a bit of turmoil within Bragg Gaming Group, with the recent resignation of the President and COO. Despite this, the company has shown growth in revenue and has become cash flow positive, with expected earnings next year. The stock has experienced a significant jump and is up 48% YTD, although it is still down from its 2021 high. The consensus seems to be that the company has a decent outlook and is considered a decent small cap today, attracting more interest.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Their latest earnings showed revenues growth of 9.9% year over year. The results were better than expected, though the company is still not profitable. They should be profitable in 2022. Guidance was raised. Very little debt and if sales momentum continues, it can do well. Unlock Premium - Try 5i Free
Bragg Gaming Group is a Canadian stock, trading under the symbol BRAG-T on the Toronto Stock Exchange (BRAG-CT). It is usually referred to as TSX:BRAG or BRAG-T
In the last year, 1 stock analyst published opinions about BRAG-T. 0 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Bragg Gaming Group.
Bragg Gaming Group was recommended as a Top Pick by on . Read the latest stock experts ratings for Bragg Gaming Group.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Bragg Gaming Group In the last year. It is a trending stock that is worth watching.
On 2024-10-10, Bragg Gaming Group (BRAG-T) stock closed at a price of $6.77.
On Wednesday, Mr. Jeremy Raper of Raper Capital issued an open letter to Bragg Gaming, requesting the company to consider the immediate pursuit of strategic alternatives, including a full or partial sale of the company. Mr. Raper is self-reported to own 375,000 shares of Bragg (~1% of shares outstanding), representing the second-largest disclosed non-insider investor of the company. Last week the President and COO said she would be resigning, so the company is in a bit of turmoil. The stock rose 24%. But, just because a shareholder is making waves doesn't mean the company will be sold. It has grown revenue and is now cash flow positive, with earnings expected next year. The stock is up 48% YTD, though massively down from its 2021 high when everything soared. It has a clean balance sheet with a bit of net cash. The outlook we think is decent. We like the gaming/gambling sector. As a small company its stock has done OK considering the weakness across the sector. The jump we think is a little overdone, as nothing in fact may happen. The company has no obligation to a disgruntled shareholder owning 1%. But we would consider it a decent small cap today, regardless, and this event may attract more interest to the company.
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