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GOAT Industries ( (TSE:GOAT) ) has issued an update.
GOAT Industries Ltd. has successfully acquired 1509467 B.C. Ltd. and Veroom, Inc., expanding its portfolio with the BetSource group of companies. This acquisition aligns with GOAT’s strategy to enhance its presence in the digital engagement and affiliate business, particularly in the sports-betting sector. The acquisition allows GOAT to leverage Source Gaming’s technology, which integrates sports books with interactive applications, enhancing user experiences and monetization opportunities. Vroom, as the sales and marketing arm, will drive partner acquisition and revenue growth, strengthening GOAT’s market position.
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. operates as an investment issuer focusing on acquiring and managing companies in the digital media and technology sectors. The company is involved in the sports and sports-betting industry through its recent acquisition, providing advanced engagement and monetization tools.
Average Trading Volume: 135,369
Technical Sentiment Signal: Buy
Current Market Cap: C$7.68M
Learn more about GOAT stock on TipRanks’ Stock Analysis page.