Golden Nugget Online Gaming Inc. (NASDAQ:GNOG) saw an upside of 5.07% to close Friday at $18.25 after adding $0.88 on the day. The 5-day average trading volume is 682,340 shares of the company’s common stock. It has gained $18.68 in the past week and touched a new high 1 time within the past 5 days. An average of 934,170 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,936,856.
GNOG’s 1-month performance is -17.08% or -$3.76 on its low of $17.08 reached on 09/30/21. The company’s shares have touched a 52-week low of $10.10 and high of $27.18, with the stock’s rally to the 52-week high happening on 01/13/21. YTD, GNOG has lost -7.36% or -$1.45 and has reached a new high 4 times. However, the current price is down -32.85%% from the 52-week high price.
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GNOG stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 9.65.
Golden Nugget Online Gaming Inc.’s quick ratio for the period ended June 29 was 2.40, with the current ratio over the same period at 2.40 meaning that GNOG stock is able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is 57.70%The trailing 12-month EBITDA margin is 31.63%. The firm’s gross profit as reported stood at $66.63 million against revenue of $91.12 million.
The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. Golden Nugget Online Gaming Inc.’s return on assets over the past 12 months stands at 38.90%. Return on investment over the past year is -4.40%, while its return on equity (ROE) trailing 12 months is -28.90%.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected GNOG to announce -$0.11 per share in earnings in its latest quarter, but it posted -$0.13, representing a -18.20% surprise. EBITDA for the quarter stood at more than -$4.63 million. GNOG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 699.27 million, with total debt at $132.94 million. Shareholders hold equity totaling $78.23 million
Let’s look briefly at Golden Nugget Online Gaming Inc. (GNOG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 36.93% to suggest the stock is trending Neutral, with historical volatility in this time period at 51.22%.
The stock’s 5-day moving average is $17.86, reflecting a -1.03% or -$0.19 change from its current price. GNOG is currently trading -17.72% above its 20-day SMA, +55.72% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +55.58% and -11.62% respectively.
Stochastic %K and %D was 10.33% and 5.65% and the average true range (ATR) pointed at 0.80. The RSI (14) points at 41.64%, while the 14-day stochastic is at 24.12% with the period’s ATR at 0.82. The stock’s 9-day MACD Oscillator is pointing at -0.58 and -1.68 on the 14-day charts.
In the most recent analyst report for Golden Nugget Online Gaming Inc. (NASDAQ: GNOG), The Benchmark Company downgraded it to a Hold rating. They previously had a Buy rating on the stock. Analysts offering their rating for GNOG stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate GNOG as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is GNOG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $18.83 and a high of $20.00, with their median price target at $19.42. Looking at these predictions, the average price target given by analysts is for Golden Nugget Online Gaming Inc. (GNOG) stock is $19.42.