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Tag: ELYS Stock

  • Elys Game Tech (ELYS) Enjoys The Short Squeeze

    Elys Game Technology Corp. (NASDAQ: ELYS) is a Toronto-based gaming company that operates in both the North American and European markets. Recently, many trade analysts have been naming ELYS as a top short squeeze name to watch out for this month. This is in large part due to its highly compelling characteristics.

    2023 Brings Elys Game Technology a Phenomenal Climb

    The stock for Elys Game Technology Corp. (ELYS) is of particular interest to the market in recent days, given its being a strong short squeeze name to ride along with. In fact, ELYS stock has been pushing on with this short squeeze motion since the start of 2023, climbing up from $0.19 to its present aftermarket high of $1.32. With a market cap of only $32 million, coupled with a short interest float of over 10%, it really comes as no surprise to see the market taking on shorters. This upward trend may very well set the momentum for the growth ELYS sees in the coming days of the week.

    Prospects Continue Seeing Improvement

    Taking a step back away from its price curve and particular, and looking at the business shows that the short squeeze is not really in isolation to broader fundamentals. Last week, the company acquired the IT Development company, Engage IT Services, to broaden its overall market reach. Similarly, last month, it entered into a strategic partnership arrangement with US Integrity, with the goal of taking on a North American market expansion. These strategic ventures point out that Elys is a small company with its sights set high and aggressively looking to take its business to the next level.

    Conclusion

    ELYS is a strong name in the market, as of late, and it is fast gaining traction among bulls. This growth is largely sustainable, especially since the company has been drastically scaling up with its strategic initiatives.

  • What Happened On After-hours Friday To Make ELYS Stock Jump Nearly 9%?

    What Happened On After-hours Friday To Make ELYS Stock Jump Nearly 9%?

    At last check-in after-hours trading, shares of Elys Game Technology Corp. (ELYS) were up 8.71% at $3.37. Elys Game Technology (ELYS) stock closed the last session at $3.10, decreasing -6.06% or -$0.2. Shares of the company fluctuated between $3.07 and $3.35 throughout the day. The number of shares exchanged was 0.19 million, less than the company’s 50-day daily volume of 0.31 million and lower than its Year to date volume of 0.25 million.

    In the past 12 months, Elys Game Technology (ELYS) stock has advanced -44.04%, and in the last week, the stock has moved up 8.39%. For the last six months, ELYS stock has lost a total of -36.34%, and over the last three months, the stock has decreased by -34.04%. ELYS stock is surging following strategic approval.

    ELYS: Approval for what?

    Elys Game Technology (ELYS) is a B2B worldwide gaming innovation organization working in different nations around the world, with B2C on the web and land-based gaming activities in Italy. ELYS offers its clients a full set-up of recreation gaming items and administrations, for example, sports wagering, e-sports, virtual games, online club, poker, bingo, intuitive games, and spaces in Italy. ELYS likewise has activities through its completely possessed auxiliary under the US Bookmaking brand in 5 states in the U.S. market. ALYS’ creative betting arrangement, administrations online administrators, gambling clubs, retail wagering foundations, and establishment conveyance organizations.

    Elys Game Technology (ELYS) as of late reported the DC Office of Lottery and Gaming, Regulation and Oversight Division have allowed terminal improvement endorsement.

    • The endorsement will permit ELYS’ Grand Central Restaurant and Sportsbook in Washington D.C. (“Excellent Central”) to expand the quantity of approved ticket window terminals and self-administration wagering stands.
    • The development will permit ELYS innovation for expanded traffic to every terminal further developing client experience and bet speed.
    • ELYS’ organization with Grand Central has been commonly fruitful and the onboarding rate for the organization’s independent company sending will increment essentially through 2022.
    • ELYS’ development in the private venture area is one piece of its three-pronged way to deal with drive income and venture into the North American gaming market that remembers progress at the Ocean Casino Resort for Atlantic City and the continuous improvement of the Company’s U.S. computerized and portable channel.

     What Elys Game Technology has been reported in a new move?

    ELYS as of late reported huge moderate development in wagering handle served at Grand Central, arranged in the Adams Morgan region of Washington D.C., the top of line B independent venture area of its sort in the U.S. The exhibition of ELYS’ innovation and master exchanging administrations through US Bookmaking mirrors the expected financial benefit and open doors that the model brings to private ventures foundations.

  • Early Morning Vibes: 4 Best Stocks To Buy Today

    Early Morning Vibes: 4 Best Stocks To Buy Today

    On December 15, the American stock indices closed in positive territory. The S&P 500 index rose 1.29% to 3695 points, the Dow Jones rose 1.13%, the NASDAQ rose 1.25%. The main positive driver was the optimistic expectations regarding the new package of fiscal support. Increased risk appetite allowed all 11 sectors to close in the green zone. The tech sector became one of the leaders of growth, adding 1.61%, the locomotive was the shares of Apple.
     

    Corporate Update
     

    According to media reports, Apple (AAPL: + 5%) plans to increase iPhone production by 30% YoY amid strong demand for the new iPhone 12 Pro models.

    Eli Lilly (LLY: + 6%) released strong forecasts for 2021 and announced a deal to buy Prevail Therapeutics (PRVL: + 82%) for $ 1 billion.
     

    China’s Baidu Corporation (BIDU: + 13.8%) is considering entering the electric vehicle market and is in talks with automakers.
     

    Today, world stock exchanges are showing mostly positive dynamics. Two potential drivers of growth are in the spotlight: progress in negotiations between US lawmakers on a new package of economic support and the outcome of the Fed meeting. Congressmen continue to actively discuss the bill on measures to help the economy. At the moment, it is most likely that a package of about $ 750 billion will be accepted. This option excludes the most controversial aspects that have hindered a compromise over the past six months. Lawmakers plan to vote this week, while also approving other spending items, including an extension of government funding.
     

    The Fed is expected to repeat the rhetoric of previous meetings, active actions of the regulator are unlikely, as well as changes in long-term forecasts for the rate. Jerome Powell will re-emphasize the importance of fiscal policy. Most likely, the parameters of the program for purchasing government bonds will not be changed, but this program itself can be extended, which will support optimism in the markets.

    Today Top Movers


    Niu Technologies (NIU) is up 0.79% at $29.41 in premarket trading on Wednesday. In spite of no news on the stock directly, a broader piece of news today has helped several stocks.
     

    Hexo Corp (HEXO) share price increased 2.75% at $1.12 in today’s early morning session following the release of its first quarter fiscal 2021 financial results.
     

    Marathon Patent Group Inc (MARA) is going up 5.80% in premarket session on Wednesday. Despite few business articles or no business news lately, this stock has drastically climbed in value.
     

    Tilray Inc (TLRY) share price gaining 20.97% at $9.52 in premarket trading today following Its merger news with Aphria.

    Top Upgrades & Downgrades

    Credit Suisse turned bullish on Galera Therapeutics Inc. (GRTX), upgrading the stock to “Outperform” and assigning a $15.0 price target, representing potential upside of 18.48%.
     

    Atlantica Sustainable Infrastructure plc (AY) has won the favor of Seaport Global’s equity research team. The firm upgraded the shares from Neutral to Buy and moved their price target to $38.0.
     

    Wells Fargo & Company (WFC) received an upgrade from analysts at Keefe, Bruyette & Woods, who also set their one-year price target on the stock to $36.0. They changed their rating on WFC to Outperform from Market Perform in a recently issued research note.
     

    Earlier Wednesday RBC Capital reduced its rating on Pfizer Inc. (PFE) stock to Sector Perform from Outperform and assigned the price target to $42.0.
     

    KeyBanc analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Aptiv PLC (APTV) has been changed to Sector Weight from Overweight.

    Latest Insider Activity


    Chewy Inc. (CHWY) Director STAR JAMES A announced the sale of shares taking place on Dec 11 at $85.06 for some 30,000 shares. The total came to more than $2.55 million.
     

    CarGurus Inc. (CARG) General Counsel and Secretary Patton Kathleen Bender sold on Dec 14 a total 103,142 shares at $30.00 on average. The insider’s sale generated proceeds of almost $0.17 million.
     

    Elys Game Technology Corp. (ELYS) Vice President of Technology Pasquini Luca declared the purchase of shares taking place on Dec 14 at $3.15 for some 1,000 shares. The transaction amount was around $3150.0.
     

    Retractable Technologies Inc. (RVP) President and CEO SHAW THOMAS J bought on Dec 14 a total 14,076,660 shares at $12.85 on average. The purchase cost the insider an estimated $3,007.

    Earnings To Watch


    Top US earnings releases scheduled for today include Lennar Corporation (NYSE:LEN). It will announce its Nov 2020 financial results. The company is expected to report earnings of $2.37 per share from revenues of $6.65B in the three-month period.
     

    Analysts expect Qutoutiao Inc. (NASDAQ:QTT) to report a net income (adjusted) of -$0.09 per share, when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Sep 2020 is predicted to come in at $174.89M.
     

    Herman Miller Inc. (MLHR), due to announce earnings after the market closes today, is expected to report earnings of $0.56 per share from revenues of $585.5M recently concluded three-month period.