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What Makes Gambling.com Group Limited (GAMB) a Strong Momentum Stock: Buy Now?
Gambling.com Gambling.com (US:GAMB) ZACKSยท2024-12-03 18:01

Company Overview - Gambling.com Group Limited (GAMB) currently holds a Momentum Style Score of B, indicating a positive momentum characteristic [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Price Performance - GAMB shares have increased by 1.69% over the past week, outperforming the Zacks Advertising and Marketing industry, which rose by 0.9% [6] - Over the past month, GAMB's price change is 40.93%, significantly higher than the industry's 1.83% [6] - In the last quarter, GAMB shares have risen by 32.02%, and over the past year, they have gained 36.33%, while the S&P 500 has moved 7.45% and 33.18%, respectively [7] Trading Volume - The average 20-day trading volume for GAMB is 297,233 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Estimates - In the past two months, three earnings estimates for GAMB have been revised upwards, increasing the consensus estimate from $0.79 to $0.87 [10] - For the next fiscal year, three estimates have moved up while one has been revised down [10] Conclusion - Given the positive momentum indicators and earnings outlook, GAMB is positioned as a promising investment opportunity with a Momentum Score of B [11]