In a report released yesterday, Jack Vander Aarde from Maxim Group reiterated a Buy rating on Elys Game Technology (ELYS – Research Report), with a price target of $5.00. The company’s shares closed last Friday at $1.10, close to its 52-week low of $1.07.
According to TipRanks.com, Aarde is a 5-star analyst with an average return of 41.6% and a 39.9% success rate. Aarde covers the Technology sector, focusing on stocks such as WiSA Technologies, Inc., BIO-key International, and Super League Gaming.
Currently, the analyst consensus on Elys Game Technology is a Moderate Buy with an average price target of $5.00, which is a 320.2% upside from current levels. In a report released yesterday, H.C. Wainwright also reiterated a Buy rating on the stock with a $5.00 price target.
Elys Game Technology’s market cap is currently $28.65M and has a P/E ratio of -1.68.
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Newgioco Group, Inc. is a vertically integrated company, which engages in the operation of licensed gaming. It offers online casino, sports betting, virtual sports betting, bingo, and poker. The company was founded on August 26, 1998 and is headquartered in Toronto, Canada.
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