The stock of NeoGames S.A. (NASDAQ:NGMS) last traded at $12.29, up 8.86% from the previous session.
Data from the available sources indicates that NeoGames S.A. (NASDAQ:NGMS) is covered by 6 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $22.00 and a low of $14.00, we find $21.00. Given the previous closing price of $11.29, this indicates a potential upside of 86.01 percent. NGMS stock price is now -12.03% away from the 50-day moving average and -15.13% away from the 200-day moving average. The market capitalization of the company currently stands at $292.01M.
In total, 0 analysts have assigned it a hold rating, and 5 have given it a buy rating. Brokers who have rated the stock have averaged $19.50 as their price target over the next twelve months.
With the price target of $174, Deutsche Bank recently initiated with Buy rating for NeoGames S.A. (NASDAQ: NGMS). On November 18, 2022, BofA Securities recently initiated its ‘Underperform’ rating on the stock quoting a target price of $16, while ‘Jefferies’ rates the stock as ‘Buy’.
A total of 50.74% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NGMS stock. A new stake in NeoGames S.A. shares was purchased by ARROWMARK COLORADO HOLDINGS LLC during the first quarter worth $7,032,000. LOS ANGELES CAPITAL MANAGEMENT LLC invested $489,000 in shares of NGMS during the first quarter. In the first quarter, M&T BANK CORP acquired a new stake in NeoGames S.A. valued at approximately $387,000. MILLENNIUM MANAGEMENT LLC acquired a new stake in NGMS for approximately $328,000. BNP PARIBAS ARBITRAGE, SNC purchased a new stake in NGMS valued at around $181,000 in the second quarter. In total, there are 116 active investors with 39.10% ownership of the company’s stock.
With an opening price of $11.48 on Friday morning, NeoGames S.A. (NASDAQ: NGMS) set off the trading day. During the past 12 months, NeoGames S.A. has had a low of $10.69 and a high of $25.87. As of last week, the company has a debt-to-equity ratio of 1.51, a current ratio of 1.00, and a quick ratio of 1.00. The fifty day moving average price for NGMS is $13.89 and a two-hundred day moving average price translates $14.46 for the stock.
The latest earnings results from NeoGames S.A. (NASDAQ: NGMS) was released for Jun, 2022. According to the Gambling Company, earnings per share came in at -$0.49, missing analysts’ expectations of $0.03 by -0.52. This compares to $0.06 EPS in the same period last year. The net profit margin was -20.00% and return on equity was -21.70% for NGMS. The company reported revenue of $62.17 million for the quarter, compared to $11.97 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 419.29 percent. For the current quarter, analysts expect NGMS to generate $72.65M in revenue.
NeoGames S.A.(NGMS) Company Profile
NeoGames S.A. provides iLottery solutions worldwide. The company offers various technology platforms, a range of value-added services, and a game studio that provides a portfolio of draw based games and instant tickets through personal computers, smartphones, and handheld devices. It also develops and operates online lotteries and games that allows lottery operators to distribute lottery products through online sales channels using the company’s technology. In addition, the company offers software development and platforms sub-licensing services; and regulation and compliance, payment processing, risk management, player relationship management, and player value optimization services. The company was incorporated in 2014 and is headquartered in Tel Aviv, Israel.