Scientific Games Corporation (NASDAQ:SGMS) went down by -0.14% from its latest closing price compared to the recent 1-year high of $37.58. The company’s stock price has collected 14.65% of gains in the last five trading sessions. Press Release reported 13 hours ago that Scientific Games Extends Partnership with Hard Rock International for US Sports and iGaming Expansion
Is It Worth Investing in Scientific Games Corporation (NASDAQ :SGMS) Right Now?
Plus, the 36-month beta value for SGMS is at 1.90. Opinions of the stock are interesting as 4 analysts out of 7 who provided ratings for Scientific Games Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 2 rated it as “hold,” and 1 as “sell.”
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The average price from analysts is $30.43, which is -$18.13 below the current price. SGMS currently public float of 65.43M and currently shorts hold a 10.74% ratio of that float. Today, the average trading volume of SGMS was 1.94M shares.
SGMS’s Market Performance
SGMS stocks went up by 14.65% for the week, with a monthly jump of 68.77% and a quarterly performance of 116.03%, while its annual performance rate touched 79.21%. The volatility ratio for the week stands at 8.89% while the volatility levels for the past 30 days are set at 9.00% for Scientific Games Corporation. The simple moving average for the period of the last 20 days is 27.63% for SGMS stocks with a simple moving average of 86.07% for the last 200 days.
Analysts’ Opinion of SGMS
Many brokerage firms have already submitted their reports for SGMS stocks, with Jefferies repeating the rating for SGMS by listing it as a “Buy.” The predicted price for SGMS in the upcoming period, according to Jefferies is $50 based on the research report published on September 21st of the current year 2020.
Credit Suisse, on the other hand, stated in their research note that they expect to see SGMS reach a price target of $8, previously predicting the price at $22. The rating they have provided for SGMS stocks is “Underperform” according to the report published on May 21st, 2020.
Stifel gave a rating of “Buy” to SGMS, setting the target price at $37 in the report published on January 08th of the current year.
SGMS Trading at 55.16% from the 50-Day Moving Average
After a stumble in the market that brought SGMS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.10% of loss for the given period.
Volatility was left at 9.00%, however, over the last 30 days, the volatility rate increased by 8.89%, as shares surge +62.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +119.56% upper at present.
During the last 5 trading sessions, SGMS rose by +14.65%, which changed the moving average for the period of 200-days by +25.44% in comparison to the 20-day moving average, which settled at $28.02. In addition, Scientific Games Corporation saw 30.36% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at SGMS starting from PERELMAN RONALD O, who sale 4,700,000 shares at the price of $28.00 back on Sep 30. After this action, PERELMAN RONALD O now owns 13,318,493 shares of Scientific Games Corporation, valued at $131,600,000 using the latest closing price.
PERELMAN RONALD O, the Former Executive Chairman of Scientific Games Corporation, sale 9,417,062 shares at $28.00 during a trade that took place back on Sep 28, which means that PERELMAN RONALD O is holding 18,018,493 shares at $263,677,736 based on the most recent closing price.
Stock Fundamentals for SGMS
Current profitability levels for the company are sitting at:
- +17.15 for the present operating margin
- +43.47 for the gross margin
The net margin for Scientific Games Corporation stands at -3.82. The total capital return value is set at 8.76, while invested capital returns managed to touch -1.99. Equity return is now at value 16.50, with -5.00 for asset returns.
Currently, EBITDA for the company is 121.00M with total debt to EBITDA at 7.15. When we switch over and look at the enterprise to sales, we see a ratio of 3.26, with the company’s debt to enterprise value settled at 0.80. The receivables turnover for the company is 4.28 and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.11.