OEH Invest AB, a major shareholder in High Roller Technologies, Inc. (NASDAQ:ROLR), has acquired 50,000 shares of the company's common stock, according to a recent SEC filing. The shares were purchased at a price of $8.00 each, totaling $400,000. This acquisition brings OEH Invest AB's direct ownership to 2,638,395 shares. The transaction took place on October 23, 2024.
Additionally, OEH Invest AB holds indirect ownership of 731,388 shares through Spike Up Media AB and 39,172 shares via a warrant held by Spike Up Media LLC. These entities are affiliated with Ellmount Interactive AB, in which OEH Invest AB has a significant stake.
InvestingPro Insights
As OEH Invest AB increases its stake in High Roller Technologies, Inc. (NASDAQ:ROLR), investors may be interested in additional financial insights about the company. According to InvestingPro data, ROLR has a market capitalization of $65.3 million USD, reflecting its relatively small size in the market.
Despite the recent share purchase by a major shareholder, it's worth noting that ROLR is currently trading near its 52-week high, with its price at 92.48% of the highest point in the past year. This aligns with an InvestingPro Tip indicating that the stock "generally trades with low price volatility," which may appeal to investors seeking stability.
However, potential investors should be aware that ROLR is not currently profitable, as highlighted by another InvestingPro Tip. The company's revenue for the last twelve months as of Q3 2024 stands at $27.07 million USD, with a revenue growth of -7.76% over the same period. This negative growth, coupled with an operating income margin of -19.29%, underscores the challenges the company faces in achieving profitability.
For those considering an investment in ROLR, it's important to note that InvestingPro offers 6 additional tips that could provide further insights into the company's financial health and market position. These additional tips, available with an InvestingPro subscription, could help investors make more informed decisions about ROLR's potential as an investment opportunity.
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