Everi Holdings Inc (NYSE: EVRI) has seen a decline in its stock price by -3.53 in relation to its previous close of 9.62. However, the company has experienced a -3.23% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-02-29 that While the top- and bottom-line numbers for Everi Holdings (EVRI) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Is It Worth Investing in Everi Holdings Inc (NYSE: EVRI) Right Now?
Everi Holdings Inc (NYSE: EVRI) has a higher price-to-earnings ratio of 10.28x compared to its average ratio. EVRI has 36-month beta value of 2.07. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for EVRI is 81.24M, and currently, short sellers hold a 5.47% ratio of that float. The average trading volume of EVRI on April 11, 2024 was 1.12M shares.
EVRI’s Market Performance
The stock of Everi Holdings Inc (EVRI) has seen a -3.23% decrease in the past week, with a -0.32% drop in the past month, and a -14.63% fall in the past quarter. The volatility ratio for the week is 3.22%, and the volatility levels for the past 30 days are at 3.37% for EVRI. The simple moving average for the past 20 days is -1.11% for EVRI’s stock, with a -22.34% simple moving average for the past 200 days.
Analysts’ Opinion of EVRI
Many brokerage firms have already submitted their reports for EVRI stocks, with B. Riley Securities repeating the rating for EVRI by listing it as a “Neutral.” The predicted price for EVRI in the upcoming period, according to B. Riley Securities is $12 based on the research report published on April 05, 2024 of the current year 2024.
ROTH Capital, on the other hand, stated in their research note that they expect to see EVRI reach a price target of $28. The rating they have provided for EVRI stocks is “Buy” according to the report published on April 05th, 2022.
B. Riley Securities gave a rating of “Buy” to EVRI, setting the target price at $25 in the report published on April 28th of the previous year.
EVRI Trading at -8.05% from the 50-Day Moving Average
After a stumble in the market that brought EVRI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -48.01% of loss for the given period.
Volatility was left at 3.37%, however, over the last 30 days, the volatility rate increased by 3.22%, as shares surge +1.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.94% lower at present.
During the last 5 trading sessions, EVRI fell by -3.23%, which changed the moving average for the period of 200-days by -34.18% in comparison to the 20-day moving average, which settled at $9.39. In addition, Everi Holdings Inc saw -17.66% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EVRI starting from TAYLOR RANDY L, who purchase 5,000 shares at the price of $14.27 back on Aug 29 ’23. After this action, TAYLOR RANDY L now owns 522,622 shares of Everi Holdings Inc, valued at $71,350 using the latest closing price.
Rumbolz Michael D, the Executive Chairman of Everi Holdings Inc, purchase 5,000 shares at $14.20 during a trade that took place back on Aug 29 ’23, which means that Rumbolz Michael D is holding 1,058,320 shares at $71,000 based on the most recent closing price.
Stock Fundamentals for EVRI
Current profitability levels for the company are sitting at:
- 0.23 for the present operating margin
- 0.77 for the gross margin
The net margin for Everi Holdings Inc stands at 0.1. The total capital return value is set at 0.15. Equity return is now at value 37.85, with 4.16 for asset returns.
Based on Everi Holdings Inc (EVRI), the company’s capital structure generated 0.81 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3. The debt to equity ratio resting at 4.34. The interest coverage ratio of the stock is 2.44.
Currently, EBITDA for the company is 343.39 million with net debt to EBITDA at 2.48. When we switch over and look at the enterprise to sales, we see a ratio of 1.87. The receivables turnover for the company is 1.47for trailing twelve months and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.05.
Conclusion
To put it simply, Everi Holdings Inc (EVRI) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
