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The latest update is out from GOAT Industries ( (TSE:GOAT) ).
GOAT Industries has entered into a definitive agreement to acquire the sales and marketing arm of Veroom, Inc., known as Vroom, as part of its strategy to enhance its position in the sports betting market. This acquisition, alongside the earlier announced acquisition of 1509467 B.C. Ltd., will allow GOAT to control BETSource, a business focused on leveraging technology and marketing within casinos and sports books. The transaction involves a share exchange and performance-based warrants, with completion contingent on regulatory approvals and other conditions.
Spark’s Take on TSE:GOAT Stock
According to Spark, TipRanks’ AI Analyst, TSE:GOAT is a Neutral.
GOAT Industries faces severe financial difficulties with negative profitability, high leverage, and weak cash flows, significantly impacting its stock score. Despite these challenges, technical analysis shows positive momentum, providing some support to the score. However, the lack of earnings and dividends weighs heavily on the company’s valuation, resulting in a low overall score.
To see Spark’s full report on TSE:GOAT stock, click here.
More about GOAT Industries
GOAT Industries Ltd. is an investment issuer operating in the global sports betting market, with a focus on the North American market, including tribal casino markets. The company is involved in acquiring businesses that provide technology and marketing solutions for casinos and sports books, leveraging content recognition and AI for personalized experiences.
Average Trading Volume: 202,119
Technical Sentiment Signal: Buy
Current Market Cap: C$8.82M
For an in-depth examination of GOAT stock, go to TipRanks’ Overview page.