As we all know the gaming industry is booming. The gaming market is $198.40 billion in 2021, and is expected to grow to $340 billion by 2027. I always make sure I am buying stocks that are in a growing industry because they tend to perform better in the longer term.
I was initially cautious on the company because of its nasty sell off and subpar earnings, but recently after doing research I realized there is a massive opportunity here. They have partnerships with TopSport (one of the largest retail and online betting brands in Lithuania), OlyBet (leading online gaming and sports betting operator in Estonia), BBIN (leading iGaming software supplier in Asia). These are only a few that I named (they have way more partnerships, but you get the point. They are clearly growing their business and are easily adding partnerships, which is something that you want to see in a young business.
They just announced earnings last week and had a quarter over quarter revenue increase of 166%. https://www.stonkmoon.com/news/EBET/65755f372032319495f85a570159b468
This revenue increase was due to new partnerships that allowed them to get 1.25 million deposited customers. Obviously this is great for the company, yet the stock price has barely changed.
This IMO sets up a great buying opportunity. So I wanted to see what institutions were doing with the stock recently. https://fintel.io/so/us/ebet
And as you can see in the above link, institutions have been loading heavy after their earnings report.
I don’t necessarily know what will happen in the short term, but this opportunity should not go unnoticed.
Take this research however you want and do your own DD. I just fully believe this company is significantly undervalued.
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