Scientific Games Corporation (NASDAQ:SGMS) went down by -2.71% from its latest closing price compared to the recent 1-year high of $37.58. The company’s stock price has collected -7.90% of loss in the last five trading sessions. Press Release reported on 10/20/20 that Scientific Games to Report Third Quarter 2020 Results on Wednesday, November 4, 2020
Is It Worth Investing in Scientific Games Corporation (NASDAQ :SGMS) Right Now?
Plus, the 36-month beta value for SGMS is at 2.17.
SGMS currently public float of 86.70M and currently shorts hold a 8.65% ratio of that float. Today, the average trading volume of SGMS was 2.29M shares.
SGMS’s Market Performance
SGMS stocks went down by -7.90% for the week, with a monthly drop of -11.58% and a quarterly performance of 69.28%, while its annual performance rate touched 32.26%. The volatility ratio for the week stands at 4.75% while the volatility levels for the past 30 days are set at 5.32% for Scientific Games Corporation. The simple moving average for the period of the last 20 days is -10.39% for SGMS stocks with a simple moving average of 58.54% 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 7.18% 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 -17.75% of loss for the given period.
Volatility was left at 5.32%, however, over the last 30 days, the volatility rate increased by 4.75%, as shares sank -11.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +48.25% upper at present.
During the last 5 trading sessions, SGMS fell by -7.90%, which changed the moving average for the period of 200-days by +11.19% in comparison to the 20-day moving average, which settled at $34.29. In addition, Scientific Games Corporation saw 15.42% 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 1,964,285 shares at the price of $28.00 back on Oct 12. After this action, PERELMAN RONALD O now owns 8,871,313 shares of Scientific Games Corporation, valued at $54,999,980 using the latest closing price.
PERELMAN RONALD O, the Former Executive Chairman of Scientific Games Corporation, sale 2,499,999 shares at $28.00 during a trade that took place back on Oct 07, which means that PERELMAN RONALD O is holding 10,835,598 shares at $69,999,972 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.
When we switch over and look at the enterrpise 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.
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