NeoGames S.A. (NASDAQ:NGMS) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totalling 95,100 shares, a decline of 55.7% from the September 15th total of 214,800 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average trading volume of 155,900 shares, the days-to-cover ratio is currently 0.6 days.
Shares of NGMS traded up $0.62 during mid-day trading on Thursday, reaching $38.54. 504 shares of the company’s stock were exchanged, compared to its average volume of 170,697. The business’s fifty day simple moving average is $40.64 and its 200-day simple moving average is $48.05. NeoGames has a 52-week low of $18.67 and a 52-week high of $73.54. The stock has a market capitalization of $847.73 million and a PE ratio of 97.23. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.40 and a quick ratio of 2.40.
NeoGames (NASDAQ:NGMS) last announced its quarterly earnings results on Wednesday, August 11th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). The firm had revenue of $12.89 million during the quarter, compared to analyst estimates of $12.65 million. Equities research analysts predict that NeoGames will post 0.43 earnings per share for the current year.
Separately, Zacks Investment Research upgraded NeoGames from a “sell” rating to a “hold” rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $44.40.
NeoGames SA provides a suite of iLottery technology 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.
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