Everi Holdings Inc (NYSE: EVRI)’s stock price has soared by 3.76 in relation to previous closing price of 8.38. Nevertheless, the company has seen a loss of -3.07% in its stock price over the last five trading days. benzinga.com reported 2024-07-11 that As of July 11, 2024, five stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
Is It Worth Investing in Everi Holdings Inc (NYSE: EVRI) Right Now?
The price-to-earnings ratio for Everi Holdings Inc (NYSE: EVRI) is above average at 13.20x. The 36-month beta value for EVRI is also noteworthy at 2.19. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for EVRI is 80.91M, and at present, short sellers hold a 5.33% of that float. The average trading volume of EVRI on July 23, 2024 was 1.51M shares.
EVRI’s Market Performance
EVRI’s stock has seen a -3.07% decrease for the week, with a 8.15% rise in the past month and a -2.74% fall in the past quarter. The volatility ratio for the week is 4.27%, and the volatility levels for the past 30 days are at 4.33% for Everi Holdings Inc The simple moving average for the last 20 days is 2.76% for EVRI’s stock, with a simple moving average of -11.22% for the last 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 9.90% 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 -42.98% of loss for the given period.
Volatility was left at 4.33%, however, over the last 30 days, the volatility rate increased by 4.27%, as shares surge +7.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.41% upper at present.
During the last 5 trading sessions, EVRI fell by -3.12%, which changed the moving average for the period of 200-days by -31.57% in comparison to the 20-day moving average, which settled at $8.49. In addition, Everi Holdings Inc saw -22.85% 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 EHRLICH DEAN A, who sale 11,144 shares at the price of $7.37 back on May 21 ’24. After this action, EHRLICH DEAN A now owns 184,627 shares of Everi Holdings Inc, valued at $82,131 using the latest closing price.
Simmons Darren, the EVP, FinTech Business Leader of Everi Holdings Inc, sale 6,897 shares at $7.37 during a trade that took place back on May 21 ’24, which means that Simmons Darren is holding 190,425 shares at $50,831 based on the most recent closing price.
Stock Fundamentals for EVRI
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.77 for the gross margin
The net margin for Everi Holdings Inc stands at 0.08. The total capital return value is set at 0.13. Equity return is now at value 24.86, with 3.13 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 0.33. The debt to equity ratio resting at 4.19. The interest coverage ratio of the stock is 2.06.
Currently, EBITDA for the company is 343.39 million with net debt to EBITDA at 2.58. When we switch over and look at the enterprise to sales, we see a ratio of 1.8. The receivables turnover for the company is 1.51for 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
In summary, Everi Holdings Inc (EVRI) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
