Accel Entertainment Inc (NYSE: ACEL)’s stock price has plunge by -14.43relation to previous closing price of 11.61. Nevertheless, the company has seen a -9.85% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-09 that Accel Entertainment (ACEL) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our “Recent Price Strength” screen.
Is It Worth Investing in Accel Entertainment Inc (NYSE: ACEL) Right Now?
The price-to-earnings ratio for Accel Entertainment Inc (NYSE: ACEL) is above average at 18.91x, Company’s 36-month beta value is 1.47.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 ACEL is 55.63M, and currently, short sellers hold a 2.73% ratio of that floaft. The average trading volume of ACEL on May 09, 2024 was 260.64K shares.
ACEL’s Market Performance
ACEL stock saw a decrease of -9.85% in the past week, with a monthly decline of -10.74% and a quarterly a decrease of -2.69%. The volatility ratio for the week is 2.23%, and the volatility levels for the last 30 days are 2.19% for Accel Entertainment Inc (ACEL). The simple moving average for the past 20 days is -11.80% for ACEL’s stock, with a -7.90% simple moving average for the past 200 days.
Analysts’ Opinion of ACEL
Many brokerage firms have already submitted their reports for ACEL stocks, with Goldman repeating the rating for ACEL by listing it as a “Neutral.” The predicted price for ACEL in the upcoming period, according to Goldman is $14.50 based on the research report published on December 06, 2021 of the previous year 2021.
Macquarie, on the other hand, stated in their research note that they expect to see ACEL reach a price target of $17. The rating they have provided for ACEL stocks is “Outperform” according to the report published on December 03rd, 2021.
Deutsche Bank gave a rating of “Buy” to ACEL, setting the target price at $17 in the report published on November 08th of the previous year.
ACEL Trading at -13.00% from the 50-Day Moving Average
After a stumble in the market that brought ACEL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.55% of loss for the given period.
Volatility was left at 2.19%, however, over the last 30 days, the volatility rate increased by 2.23%, as shares sank -7.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.80% lower at present.
During the last 5 trading sessions, ACEL fell by -5.99%, which changed the moving average for the period of 200-days by -8.40% in comparison to the 20-day moving average, which settled at $11.22. In addition, Accel Entertainment Inc saw -3.26% 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 ACEL starting from Ruttenberg David W., who sale 10,708 shares at the price of $11.05 back on Apr 16 ’24. After this action, Ruttenberg David W. now owns 441,545 shares of Accel Entertainment Inc, valued at $118,273 using the latest closing price.
Ruttenberg David W., the Director of Accel Entertainment Inc, sale 14,292 shares at $11.01 during a trade that took place back on Apr 15 ’24, which means that Ruttenberg David W. is holding 446,914 shares at $157,318 based on the most recent closing price.
Stock Fundamentals for ACEL
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.29 for the gross margin
The net margin for Accel Entertainment Inc stands at 0.04. The total capital return value is set at 0.13. Equity return is now at value 24.19, with 4.99 for asset returns.
Based on Accel Entertainment Inc (ACEL), the company’s capital structure generated 0.74 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 2.78. The interest coverage ratio of the stock is 3.24.
Currently, EBITDA for the company is 166.22 million with net debt to EBITDA at 1.77. When we switch over and look at the enterprise to sales, we see a ratio of 0.96. The receivables turnover for the company is 86.91for trailing twelve months and the total asset turnover is 1.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.85.
Conclusion
In a nutshell, Accel Entertainment Inc (ACEL) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
