NAGA receives “BUY” rating and target price of EUR 1.40 in new M.M. WARBURG & CO reportRating: BuyPrice Target: EUR 1.40Upside to current share price: 79.5% Hamburg, 22 May 2024 – The NAGA GROUP (XETRA: N4G, ISIN: DE000A161NR7) today announced that M.M. Warburg & Co issued a new research report on the company, assigning a “BUY” rating and  [ … ]

NAGA’s Shareholders approve the merger with CAPEX.com with a positive vote of 99.81% NAGA’s EGM on April 12th approves the merger with CAPEX.com with a strong confidence vote. New CEO Octavian Patrascu presented his vision and direction towards innovation and the expansion of NAGA’s ecosystem, aiming to make financial services more accessible and [ … ]

SMC Research upgrades NAGA to “Speculative BUY” with significant upside potential on back of imminent merger with Capex.com SMC Research sets price target of EUR 1.40 per share Capex.com merger expected to create significant cost and product synergies Hamburg, March 13th, 2024 – The analysts of SMC Research recommend in their latest research re [ … ]

Strong FY23 prelims and merger with Capex.com; chg Last week, NAGA reported preliminary FY23 figures that came stronger than expected. Further, the company has announced (at the end of 2023) a planned business combination with Capex.com. In detail: - Sales came in at € 45.5m (-21% yoy), significantly above our estimates of € 38.1m.  [ … ]

NAGA delivers a strong 2023 with EUR 45.5 million revenue and highest EBITDA in the company's history of EUR 7 million Significant improvement in client acquisition cost Active users, volume traded and amount of trades, above 2022 levels Company guidance and forecast 2024 to be released in the coming weeks Successful full placement of converti [ … ]