Jim Cramer on Super Group: “It’s Still Pretty Darn Cheap”

Super Group (SGHC) Limited (NYSE:SGHC) was stocks Jim Cramer looked at as he discussed the recent bounce in software stocks. Cramer highlighted the company after mentioning the woes of the industry, as he stated:

Over the past several months, the online gambling stocks, they’ve been clobbered. DraftKings down 54%, Flutter down 66%. They’re besieged by the leading prediction market plays, Kalshi and Polymarket, which have found ways to get into something akin to sports betting without all the regulation. But before you give up on the entire industry, maybe you should take a look at Super Group, which owns Betway for online sports betting and Spin for online casino gaming. This thing came public via a SPAC merger that was closed roughly four years ago and the stock struggled to find its footing initially. Then, in mid 2024, Super Group decided to throw in the towel in the US market, focus on the rest of the world. That’s one reason the stock has more than tripled over the last two years. The other reason being that they keep putting up strong numbers… I know the stock is up huge from when it first came on… up 54% but it’s still pretty darn cheap.

A stock market data. Photo by AlphaTradeZone on Pexels

Super Group (SGHC) Limited (NYSE:SGHC) operates global online sports betting and gaming services through its Betway sportsbook and casino platform, as well as its Spin multi-brand online casino business.

While we acknowledge the risk and potential of SGHC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SGHC and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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