Bragg Gaming Group Stock Working Capital
| BRAG Stock | USD 6.17 0.13 2.15% |
Bragg Gaming Group fundamentals help investors to digest information that contributes to Bragg Gaming's financial success or failures. It also enables traders to predict the movement of Bragg Stock. The fundamental analysis module provides a way to measure Bragg Gaming's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Bragg Gaming stock.
| Last Reported | Projected for Next Year | ||
| Net Working Capital | 1.2 M | 1.1 M | |
| Change In Working Capital | -453.8 K | -431.2 K | |
| Working Capital | 2.4 M | 2.6 M |
Bragg | Working Capital |
Bragg Gaming Group Company Working Capital Analysis
Bragg Gaming's Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
More About Working Capital | All Equity Analysis
Working Capital | = | Current Assets | - | Current Liabilities |
Current Bragg Gaming Working Capital | 1.19 M |
Most of Bragg Gaming's fundamental indicators, such as Working Capital, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Bragg Gaming Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Bragg Working Capital Driver Correlations
Understanding the fundamental principles of building solid financial models for Bragg Gaming is extremely important. It helps to project a fair market value of Bragg Stock properly, considering its historical fundamentals such as Working Capital. Since Bragg Gaming's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Bragg Gaming's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Bragg Gaming's interrelated accounts and indicators.
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Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
| Competition |
Bragg Net Invested Capital
Net Invested Capital |
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In accordance with the company's disclosures, Bragg Gaming Group has a Working Capital of 1.19 M. This is 100.11% lower than that of the Entertainment sector and significantly higher than that of the Communication Services industry. The working capital for all United States stocks is 99.92% higher than that of the company.
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Bragg Fundamentals
| Return On Equity | -0.0549 | |||
| Return On Asset | -0.0053 | |||
| Profit Margin | (0.04) % | |||
| Operating Margin | (0.03) % | |||
| Current Valuation | 137.09 M | |||
| Shares Outstanding | 23 M | |||
| Shares Owned By Insiders | 22.95 % | |||
| Shares Owned By Institutions | 5.90 % | |||
| Number Of Shares Shorted | 86.88 K | |||
| Price To Book | 1.80 X | |||
| Price To Sales | 1.46 X | |||
| Revenue | 93.28 M | |||
| Gross Profit | 45.08 M | |||
| EBITDA | 12.15 M | |||
| Net Income | (3.83 M) | |||
| Cash And Equivalents | 11.1 M | |||
| Cash Per Share | 0.53 X | |||
| Total Debt | 6.17 M | |||
| Debt To Equity | 0.01 % | |||
| Current Ratio | 0.98 X | |||
| Book Value Per Share | 3.05 X | |||
| Cash Flow From Operations | 11.5 M | |||
| Short Ratio | 1.11 X | |||
| Earnings Per Share | (0.18) X | |||
| Target Price | 11.11 | |||
| Number Of Employees | 464 | |||
| Beta | 0.88 | |||
| Market Capitalization | 141.93 M | |||
| Total Asset | 102.92 M | |||
| Retained Earnings | (75.74 M) | |||
| Working Capital | 1.19 M | |||
| Net Asset | 102.92 M |
About Bragg Gaming Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Bragg Gaming Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bragg Gaming using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bragg Gaming Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Bragg Gaming
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bragg Gaming position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bragg Gaming will appreciate offsetting losses from the drop in the long position's value.Moving against Bragg Stock
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The ability to find closely correlated positions to Bragg Gaming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bragg Gaming when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bragg Gaming - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bragg Gaming Group to buy it.
The correlation of Bragg Gaming is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bragg Gaming moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bragg Gaming Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bragg Gaming can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Bragg Gaming Piotroski F Score and Bragg Gaming Altman Z Score analysis. Note that the Bragg Gaming Group information on this page should be used as a complementary analysis to other Bragg Gaming's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Bragg Stock analysis
When running Bragg Gaming's price analysis, check to measure Bragg Gaming's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bragg Gaming is operating at the current time. Most of Bragg Gaming's value examination focuses on studying past and present price action to predict the probability of Bragg Gaming's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bragg Gaming's price. Additionally, you may evaluate how the addition of Bragg Gaming to your portfolios can decrease your overall portfolio volatility.
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Is Bragg Gaming's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bragg Gaming. If investors know Bragg will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bragg Gaming listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 3.095 | Earnings Share (0.18) | Revenue Per Share 4.138 | Quarterly Revenue Growth (0.01) | Return On Assets (0.01) |
The market value of Bragg Gaming Group is measured differently than its book value, which is the value of Bragg that is recorded on the company's balance sheet. Investors also form their own opinion of Bragg Gaming's value that differs from its market value or its book value, called intrinsic value, which is Bragg Gaming's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bragg Gaming's market value can be influenced by many factors that don't directly affect Bragg Gaming's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bragg Gaming's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bragg Gaming is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bragg Gaming's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.