The stock of GAN PLC (LON:GAN) hit a new 52-week high and has GBX 67.81 target or 59.00% above today’s GBX 42.65 share price. The 6 months bullish chart indicates low risk for the GBX 30.23M company. The 1-year high was reported on Sep, 14 by Barchart.com. If the GBX 67.81 price target is reached, the company will be worth GBX 17.84M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 0.81% or GBX 0.35 on September 13, hitting GBX 42.65. About 16,234 shares traded hands. GAN PLC (LON:GAN) has risen 32.31% since February 11, 2016 and is uptrending. It has outperformed by 15.82% the S&P500.
GAN plc, formerly GameAccount Network plc, is a well-known provider of enterprise online gaming software, operational support services and online game content development services to the casino industry. The company has a market cap of 30.23 million GBP. The Company’s divisions are business to business and business to consumer (B2C). It currently has negative earnings. The Firm is engaged in the provision and development of real money gaming software and the supply of Internet gaming systems to the online industry, and the provision and development of simulated gaming software and underlying systems to casino operators in the United States and other international markets.
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