Investment opportunities have been hard to come this year as markets continue to grapple with the effects of inflation and the aftermath of geopolitical tensions. As a result, investors are being cautious as they look to avoid making losses, but there are some stocks that are worth considering amid the current volatility. One such stock which is in a range is Galaxy Gaming Inc. (OTCMKTS:GLXZ).
Trading Data
On Tuesday, GLXZ stock gained 1.69% to $3.60 with more than 6.8K shares traded, compared to a volume of 18k shares. The stock moved within a range of $3.5000 – 3.6250 after opening trading at $3.50.
About Galaxy Gaming
The Las Vegas headquartered company creates and distributes tech solutions, innovative games, and bonusing systems to online and physical casinos globally. The company provides certified to perform games crated by gaming gurus and supported by high-level customer support. Galaxy Gaming is the leading licensor globally of novel table games to online casinos. Clients can connect with the company through social media handles on Facebook, Twitter, Instagram, and YouTube.
Galaxy Gaming Unveils Galaxy Gaming Digital, Signaling Focus on iGaming
The company announced the launch of Galaxy Gaming Digital, a division focusing on online development and growth. The new division includes its exclusive library of well-known table games, the newest in-house-developed Galaxy Built titles, and upcoming digital projects.
The company’s CEO and President, Todd Cravens stated just as they have always been down with clients who play table games in physical locations, the introduction of Galaxy Gaming Digital highlights their continuous enthusiasm for developing and distributing the top table game material online. He added that they see enormous growth potential and innovation by actively producing fresh content and keeping tight ties with top development partners because Galaxy Gaming is an omnichannel specialist in table games. Additionally, this new subsidiary will concentrate on expanding channels and distributing Galaxy games to new online retailers.
Galaxy is famous for its world-acclaimed material and successful history with both digital and offline table games. More than a billion bets have been placed electronically on Galaxy Gaming money betting alone in the past 12 months. In addition, galaxy titles account for five of the top seven side wagers available online, including the top side bet in the world, 21+3®, as well as Perfect Pairs®, Lucky Ladies®, Lucky Lucky®, and Buster Blackjack®.
Key Quote
“The launch of Galaxy Gaming Digital underscores our continued enthusiasm for creating and licensing the best table game content online, just as we have always done for our land-based clients,” said Todd Cravens, President and CEO of Galaxy Gaming. “As the omnichannel table games experts, we see tremendous opportunity for growth and innovation by taking an active role in creating our own new content and continuing to work closely with our industry-leading development partners. Along with that, this new division will also be focused on channel expansion, bringing Galaxy titles to new online outlets.”
Technical Data
GLXZ stock is trading below the 20-Day and 50-Day Moving averages of $3.66 and $3.92 respectively. Moreover, the stock is trading below the 200-Day moving average of $4.12.
