An interesting stock that came up in some of our conversations today is Everi Holdings Inc. (NYSE:EVRI). At current price of $12.14, the shares have already added 0.38 points (3.19% higher) from its previous close of $11.76. Should you buy or avoid them? The stock sets an active trading volume day with a reported 266814 contracts so far this session. EVRI shares had a relatively better volume day versus average trading capacity of 1.22 million shares, but with a 70.09 million float and a 5.57% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for EVRI stock indicates that the average analyst price target is $13.5 per share. This means the stock has a potential increase of 11.2% from where the EVRI share price has been trading recently which is between $11.5641 and $11.85. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $12.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Everi Recognized by 2020 Women on Boards for Having 20 Percent or More Corporate Board Seats Held By Women” and dated June 05, 2019.
During the recent trading session for Everi Holdings Inc. (NYSE:EVRI), the company witnessed their stock rise $0.74 over a week and surge $1.87 from the price 20 days ago. When compared to their established 52-week high of $12.24, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 06/10/19. The recent low of $4.76 stood for a -0.86% since 12/28/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.56 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Everi Holdings Inc., the two-week RSI stands at 66.47. This figure suggests that EVRI stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current EVRI readings is similarly very revealing as it has a stochastic reading of 73.31% at this stage. This figure means that EVRI share price today is being oversold.
Technical chart claims that Everi Holdings Inc. (EVRI) would settle between $11.89/share to $12.01/share level. However, if the stock price goes below the $11.6 mark, then the market for Everi Holdings Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $11.44 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.29. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at SunTrust, assumed coverage of EVRI assigning Buy rating, according to their opinion released on February 11. Raymond James, analysts launched coverage of Everi Holdings Inc. (NYSE:EVRI) stock with a Strong Buy recommendation, according to their flash note issued to investors on November 30. Analysts at Telsey Advisory Group, made their first call for the equity with a Outperform recommendation, according to a research note that dated back to March 14.
EVRI equity has an average rating of 1.5, with the figure leaning towards a bullish end. 6 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 6 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 6 analysts rated Everi Holdings Inc. (NYSE:EVRI) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, EVRI stock price is currently trading at 28X forward 12-month Consensus EPS estimates, and its P/S ratio is 1.73 while for the average stock in the same group, the multiple is 2.85. Everi Holdings Inc. current P/E ratio of 65.42 means it is trading at a premium against its industry’s 23.72. In the past 5 years, this ratio for the stock has been fluctuating between 33.76 and 39.38.
Everi Holdings Inc. (EVRI)’s current-quarter revenues are projected to climb by nearly 8.67% to hit $128970, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 9.23% from $469520 to a noteworthy $512870. At the other end of the current quarter income statement, Everi Holdings Inc. is expected to see its adjusted earnings surge by roughly 40% to hit $0.07 per share. For the fiscal year, EVRI’s earnings are projected to climb by roughly 210% to hit $0.31 per share.