Everi Holdings Inc (NYSE: EVRI) has experienced a decline in its stock price by 0.00 compared to its previous closing price of 13.15. However, the company has seen a gain of 0.08% in its stock price over the last five trading days. zacks.com reported 2024-08-27 that Investors need to pay close attention to Everi (EVRI) stock based on the movements in the options market lately.
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 27.93x compared to its average ratio, The 36-month beta value for EVRI is at 2.15. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for EVRI is 82.51M, and currently, shorts hold a 3.49% of that float. The average trading volume for EVRI on September 20, 2024 was 2.20M shares.
EVRI’s Market Performance
EVRI stock saw an increase of 0.08% in the past week, with a monthly gain of 1.08% and a quarterly increase of 63.56%. The volatility ratio for the week is 0.34%, and the volatility levels for the last 30 days are 0.30% for Everi Holdings Inc (EVRI).. The simple moving average for the past 20 days is 0.62% for EVRI’s stock, with a 30.52% 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 9.03% 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 -9.15% of loss for the given period.
Volatility was left at 0.30%, however, over the last 30 days, the volatility rate increased by 0.34%, as shares surge +1.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +45.68% upper at present.
During the last 5 trading sessions, EVRI rose by +0.11%, which changed the moving average for the period of 200-days by +20.91% in comparison to the 20-day moving average, which settled at $13.08. In addition, Everi Holdings Inc saw 16.68% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EVRI starting from Simmons Darren, who sale 75,000 shares at the price of $13.10 back on Sep 10 ’24. After this action, Simmons Darren now owns 190,425 shares of Everi Holdings Inc, valued at $982,500 using the latest closing price.
Simmons Darren, the Officer of Everi Holdings Inc, proposed sale 75,000 shares at $13.00 during a trade that took place back on Sep 10 ’24, which means that Simmons Darren is holding shares at $975,000 based on the most recent closing price.
Stock Fundamentals for EVRI
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.73 for the gross margin
The net margin for Everi Holdings Inc stands at 0.05. The total capital return value is set at 0.12. Equity return is now at value 17.33, with 2.23 for asset returns.
Based on Everi Holdings Inc (EVRI), the company’s capital structure generated 0.8 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 3.98. The interest coverage ratio of the stock is 1.88.
Currently, EBITDA for the company is 343.39 million with net debt to EBITDA at 2.97. When we switch over and look at the enterprise to sales, we see a ratio of 2.42. The receivables turnover for the company is 1.52for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.05.
Conclusion
In conclusion, Everi Holdings Inc (EVRI) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
