BRAG Stock Summary and Trading Ideas (Bragg Gaming Group - Common Shares | NASDAQ:BRAG)

Bragg Gaming Group Inc is predominantly a B2B online gaming technology platform and casino content aggregator. The Company's proprietary studios offer high-performing, data-driven casino gaming titles from in-house brands Wild Streak, Spin, Atomic Slot Lab, Indigo Magic and Oryx Gaming. It offers a full range of games including slot games, table games, card games, video bingo, scratch card games, virtual sports, and live dealer games which are featured on the company's PAM platform and also available for use on other gaming platforms offered by third parties. Geographically, the company generates a majority of its revenue from the Netherlands and the rest from Curacao, Malta, United States, Croatia, and other regions.

Bragg Gaming Group - Common Shares trades on the NASDAQ stock market under the symbol BRAG.

As of April 19, 2024, BRAG stock price climbed to $6.32 with 30,076 million shares trading.

BRAG has a beta of 1.27, meaning it tends to be more sensitive to market movements. BRAG has a correlation of 0.07 to the broad based SPY ETF.

BRAG has a market cap of $143.67 million. This is considered a Micro Cap stock.

Last quarter Bragg Gaming Group - Common Shares reported $25 million in Revenue and -$.03 earnings per share. This fell short of revenue expectation by $-13 million and missed earnings estimates by -$.02.

The top ETF exchange traded funds that BRAG belongs to (by Net Assets): DFSI.

BRAG has outperformed the market in the last year with a price return of +83.2% while the SPY ETF gained +21.2%. BRAG has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +29.0% and -3.2%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

BRAG support price is $5.90 and resistance is $6.34 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BRAG stock will trade within this expected range on the day.