In the past week, NGMS stock has gone up by 0.38%, with a monthly gain of 1.76% and a quarterly surge of 4.74%. The volatility ratio for the week is 0.29%, and the volatility levels for the last 30 days are 0.36% for NeoGames SA The simple moving average for the past 20 days is 1.17% for NGMS’s stock, with a 6.69% simple moving average for the past 200 days.
Is It Worth Investing in NeoGames SA (NASDAQ: NGMS) Right Now?
Company’s 36-month beta value is 1.11.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NGMS is 13.07M, and currently, short sellers hold a 0.55% ratio of that floaft. The average trading volume of NGMS on April 19, 2024 was 111.13K shares.
NGMS) stock’s latest price update
The stock of NeoGames SA (NASDAQ: NGMS) has increased by 0.03 when compared to last closing price of 29.40. Despite this, the company has experienced a 0.38% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-16 that NeoGames (NGMS) inks a partnership with BIG Brazil, fortifying Caesars Brazil’s foothold in the upcoming iGaming market and expanding gaming solutions.
Analysts’ Opinion of NGMS
Many brokerage firms have already submitted their reports for NGMS stocks, with Jefferies repeating the rating for NGMS by listing it as a “Hold.” The predicted price for NGMS in the upcoming period, according to Jefferies is $29.50 based on the research report published on August 14, 2023 of the previous year 2023.
Deutsche Bank, on the other hand, stated in their research note that they expect to see NGMS reach a price target of $29.50. The rating they have provided for NGMS stocks is “Hold” according to the report published on August 10th, 2023.
Deutsche Bank gave a rating of “Buy” to NGMS, setting the target price at $174 in the report published on December 01st of the previous year.
NGMS Trading at 2.57% from the 50-Day Moving Average
After a stumble in the market that brought NGMS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.10% of loss for the given period.
Volatility was left at 0.36%, however, over the last 30 days, the volatility rate increased by 0.29%, as shares surge +1.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.56% upper at present.
During the last 5 trading sessions, NGMS rose by +0.38%, which changed the moving average for the period of 200-days by +13.42% in comparison to the 20-day moving average, which settled at $29.10. In addition, NeoGames SA saw 2.72% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for NGMS
Current profitability levels for the company are sitting at:
- -0.12 for the present operating margin
- 0.2 for the gross margin
The net margin for NeoGames SA stands at -0.1. The total capital return value is set at -0.06. Equity return is now at value -13.02, with -3.97 for asset returns.
Based on NeoGames SA (NGMS), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 1.62. The interest coverage ratio of the stock is -0.93.
Currently, EBITDA for the company is 35.74 million with net debt to EBITDA at 4.37. When we switch over and look at the enterprise to sales, we see a ratio of 6.19. The receivables turnover for the company is 3.86for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.13.
Conclusion
In a nutshell, NeoGames SA (NGMS) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
