$14.56 million in expected sales for Elys Game Technology, Corp. (NASDAQ: ELYS) this quarter

Stock analysts expect Elys Game Technology, Corp. (NASDAQ:ELYS) reports sales of $14.56 million for the current fiscal quarter, reports Zacks Investment Research. 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, suggesting a positive year-over-year growth rate of 15.7%. The company is due to announce its next quarterly earnings report on Tuesday, April 12.

On average, analysts expect Elys Game Technology to report annual revenue of $48.44 million in the current fiscal year, with estimates ranging from $46.41 million to 50, $47 million. For the next fiscal year, analysts expect the company to record sales of $57.37 million, with estimates ranging from $54.00 to $60.74 million. Zacks sales calculations are an average based on a survey of sell-side analysts who provide coverage for Elys Game Technology.

Elys Game Technology (NASDAQ:ELYS) last released its quarterly earnings data on Monday, November 22. The company reported ($0.15) earnings per share for the quarter, missing the Zacks consensus estimate of ($0.11) by ($0.04). Elys Game Technology posted a negative return on equity of 36.86% and a negative net margin of 28.52%. The company posted revenue of $8.03 million for the quarter, versus $11.00 million expected by analysts. During the same period last year, the company made earnings per share of ($0.08).

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Separately, Fundamental Research lowered its price target on Elys Game Technology shares from $6.69 to $5.72 and set a “buy” rating for the company in a Wednesday 6 research note. October.

ELYS shares opened at $2.64 on Wednesday. The company has a debt ratio of 0.01, a current ratio of 1.40 and a quick ratio of 1.40. The company has a 50-day simple moving average of $3.61 and a 200-day simple moving average of $4.23. Elys Game Technology has a 1 year minimum of $2.33 and a 1 year maximum of $8.28. The stock has a market capitalization of $61.51 million, a price-earnings ratio of -3.52 and a beta of 4.82.

In addition, the main shareholder Gold Street Capital Corp. bought 10,400 shares of the company in a transaction that took place on Wednesday, November 24. The shares were purchased at an average price of $3.48 per share, for a total transaction of $36,192.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. In the past 90 days, insiders have purchased 139,953 shares of the company worth $477,224. 41.40% of the shares are held by insiders of the company.

Several institutional investors and hedge funds have recently changed their positions in the company. Moors & Cabot Inc. acquired a new position in shares of Elys Game Technology in Q3 worth $217,000. Royal Bank of Canada increased its holdings of Elys Game Technology shares by 69.8% in the third quarter. Royal Bank of Canada now owns 13,500 shares of the company valued at $67,000 after buying an additional 5,549 shares in the last quarter. HAP Trading LLC acquired a new position in shares of Elys Game Technology in Q3 worth $262,000. Belvedere Trading LLC acquired a new position in shares of Elys Game Technology in Q3 worth $149,000. Finally, Powell Investment Advisors LLC acquired a new position in shares of Elys Game Technology in Q3 worth $183,000. Institutional investors hold 1.91% of the company’s shares.

About Elys Gaming Technology

Elys Game Technology Corp. engages in the provision of leisure game products and services. Its product range includes electronic sports, virtual sports, online casino, poker, bingo, interactive games and slot machines. It operates through the following segments: betting establishments, betting platform software and services, and all others.

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