Elys Game Technology, Corp. (NASDAQ:ELYS) Expected to Report Quarterly Sales of $14.56 Million
Stock analysts predict that Elys Game Technology, Corp. (NASDAQ:ELYS – Get a rating) will announce revenue of $14.56 million for the current quarter, Zacks reports. Two analysts provided earnings estimates for Elys Game Technology, with the lowest sales estimate of $12.53 million and the highest estimate of $16.59 million. Elys Game Technology recorded sales of $12.58 million in the same quarter last year, which would indicate a positive growth rate of 15.7% year over year. The company is expected to release its next quarterly results on Tuesday, April 12.
According to Zacks, analysts expect Elys Game Technology to report annual sales of $48.44 million for the current fiscal year, with estimates ranging from $46.41 million to $50.47 million. dollars. For the next fiscal year, analysts expect the company to report sales of $57.37 million, with estimates ranging from $54.00 to $60.74 million. Zacks sales calculations are an average average based on a survey of sell-side research companies that provide coverage for Elys Game Technology.
Institutional investors have recently changed their positions in the company. Resources Investment Advisors LLC. acquired a new equity stake in Elys Game Technology in Q4 worth approximately $30,000. Royal Bank of Canada increased its stake in shares of Elys Game Technology by 42.0% in the second quarter. Royal Bank of Canada now owns 7,951 shares of the company valued at $32,000 after buying an additional 2,351 shares last quarter. GSA Capital Partners LLP acquired a new stake in shares of Elys Game Technology in Q4, valued at approximately $39,000. Geode Capital Management LLC acquired a new stake in shares of Elys Game Technology in Q2 worth approximately $46,000. Finally, Marshall Wace LLP acquired a new equity stake in Elys Game Technology in Q4 valued at approximately $65,000. Hedge funds and other institutional investors own 2.10% of the company’s shares.
ELYS shares opened at $2.74 on Monday. The company has a market capitalization of $63.84 million, a PE ratio of -3.65 and a beta of 4.59. The company has a debt ratio of 0.01, a current ratio of 1.40 and a quick ratio of 1.40. Elys Game Technology has a fifty-two week low of $2.17 and a fifty-two week high of $6.76. The company’s 50-day moving average is $2.75 and its 200-day moving average is $3.80.
About Elys Gaming Technology (Get a rating)
Elys Game Technology Corp. engages in the provision of leisure game products and services. Its product suite includes esports, virtual sports, online casino, poker, bingo, interactive games and slots. It operates through the following segments: betting establishments, betting platform software and services, and all others.
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Elys Game Technology right now?
Before you consider Elys Game Technology, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and Elys Game Technology wasn’t on the list.
While Elys Game Technology currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here