The GBG share price has been on a rollercoaster ride in recent years. The stock reached a high of $4.50 in December 2014, only to plunge to a low of $0.60 in March 2017. Since then, the GBG share price has recovered somewhat and is currently trading at $1.42.
Despite the volatile share price, GBG remains one of the world’s leading provider of online identity verification services. The company helps organisations verify the identities of their customers and employees using a range of data sources including social media, government databases and commercial data providers.
The GBG share price has been on a roller coaster ride over the past few years. In 2015, the shares were trading at around £1.50, but by early 2016 they had slumped to just over £0.60. A recovery then took place and the shares hit £1.20 in early 2017 before falling back again.
They then rallied strongly and were trading above £2.00 in mid-2018 before falling sharply once more. As of December 2018, the shares are changing hands for around £1.40. So, what is going on with the GBG share price?
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Gbg Shares
Gbg Shares is a social media platform that allows users to share photos and videos with others. The platform also provides a way for users to connect with other people who have similar interests.
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Should I Buy Gbg Shares?
GBG shares (LSE: GBG) have been on a strong run in recent years, gaining over 300% since 2016. The company is a global provider of identity data intelligence, with operations in Europe, North America and Asia-Pacific.
The company’s share price has come under pressure in recent months amid concerns about its exposure to the UK retail sector.
However, GBG remains a well-run business with a diversified customer base and strong market positions.
As such, we believe GBG shares are worth considering for long-term investors seeking exposure to the growing global identity data intelligence market.
Why Have Gb Shares Dropped?
over the past few weeks, GB shares have been on a steady decline. Many investors are concerned about the company’s future prospects and are selling their shares. There are a few reasons why this may be happening:
1. The global economy is slowing down and this is affecting demand for GB products.
2. The company has been embroiled in several scandals recently, which has damaged its reputation.
3. GB is facing stiff competition from other brands in the market.
4. Some analysts believe that the stock is overvalued and due for a correction.
These are just some of the reasons why GB shares have dropped recently.
Conclusion
The GBG share price fell sharply today after the company announced disappointing results for the first half of the year. The provider of online identity verification services said revenue fell 8% to £32.1m in the six months to June 30, while adjusted operating profit was down 17% to £5.3m. Adjusted EPS fell 16% to 3.9p, and the company has also cut its full-year guidance, saying it now expects revenue of £65-70m and adjusted operating profit of £11-13m.
This is a significant miss from what analysts were expecting, and it’s no surprise that the GBG share price has fallen sharply in response.
