Everi Holdings Inc. (NYSE:EVRI) Relative Strength Index (RSI) is 74.21, with weekly volatility at 5.12% and ATR at 0.95. The EVRI stock’s 52-week price range has touched low of $4.47 and a $21.26 high. Intraday shares traded counted 1.9 million, which was -63.4% lower than its 30-day average trading volume of 1.16M. Its shares traded higher over the last trading session, gaining 1.97% on 05/28/21. The shares fell to a low of $20.33 before closing at $20.73. EVRI’s previous close was $20.33 while the outstanding shares total 86.98M. The firm has a beta of 3.13.
Investors have identified the Gambling company Everi Holdings Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.79 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Everi Holdings Inc. (EVRI) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For EVRI, the company has in raw cash 335.13 million on their books with 1.25 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 510.78 million total, with 356.6 million as their total liabilities.
EVRI were able to record 91.57 million as free cash flow during the 08/10/2021 quarter of the year, this saw their quarterly net cash flow reduce by 83.33 million. In cash movements, the company had a total of 111.61 million as operating cash flow.
Potential earnings growth for Everi Holdings Inc. (EVRI)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/10/2021 quarter of the year, Everi Holdings Inc. recorded a total of 139.11 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 18.55% coming in sequential stages and their sales for the 08/10/2021 quarter increasing by 14.06%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 21.57 million trying to sell their products during the last quarter, with the result yielding a gross income of 117.54 million. This allows shareholders to hold on to 86.98M with the recently reported earning now reading 0.24 cents per share. This is a figure that compared to analyst’s prediction for their 08/10/2021 (0.21 cents a share).
Having a look at the company’s valuation, the company is expected to record 0.77 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on EVRI sounds very interesting.
Is the stock of EVRI attractive?
In related news, EVP, FinTech Business Leader, Simmons Darren sold 14,584 shares of the company’s stock in a transaction that recorded on Apr 28. The sale was performed at an average price of 16.91, for a total value of 246,615. As the sale deal closes, the EVP, CFO, Labay Mark F. now sold 28,000 shares of the company’s stock, valued at 455,000. Also, EVP, Sales, Marketing, Digital, Lucchese David sold 100,000 shares of the company’s stock in a deal that was recorded on Apr 28. The shares were price at an average price of 16.00 per share, with a total market value of 1,600,000. Following this completion of acquisition, the SVP, CAO, VALLI TODD A. now holds 4,959 shares of the company’s stock, valued at 78,352. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.50%.
8 out of 8 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on Everi Holdings Inc.. 0 analysts has assigned a Sell rating on the EVRI stock. The 12-month mean consensus price target for the company’s shares has been set at $24.38.