What Everi Holdings Inc. (EVRI) Insiders Are Up To

Everi Holdings Inc. (NYSE:EVRI) finished Friday with an addition of $0.4 to close at $24.66, an upside of 1.65 percent. An average of 487,360 shares of common stock have been traded in the last five days. There was a gain of $0.74 in the past week, and it reached a new high 34 times over the past 12 months. The last 20 days have seen an average of 745,145 shares traded, while the 50-day average volume stands at 747,800.

EVRI stock has increased by 2.84% in the last month. The company shares reached their 1-month lowest point of $22.99 on 09/23/21. With the stock rallying to its 52-week high on 10/05/21, shares of the company touched a low of $8.15 and a high of $26.61 in 52 weeks. It has reached a new high 28 times so far this year and achieved 78.57% or $10.85 in price. In spite of this, the price is down -7.33% from the 52-week high.

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Insider Transactions

18 days have passed since Everi Holdings Inc. (EVRI) last reported insider trading activity. CONGEMI RONALD V, who is Director, most recently acquired $5,000 shares at $26.50 per share on Oct 05. In this transaction, the insider spent $132,500. Director, CONGEMI RONALD V, disposed of 10,000 shares at a price of $26.00 on Oct 01. The insider now owns more than $260,000 worth of shares. Prior to that, EVP, Sales, Marketing, Digital Lucchese David went on to Sale 50,000 shares at $25.00 each on Sep 27. An amount of $1,250,000 was transacted.

Valuation Metrics

Everi Holdings Inc. (EVRI) has a trailing price-to-earnings (P/E) ratio of 42.89, which compares with the 21.70 for the broader industry and 32.04 for the sector. In the last five years, Everi Holdings Inc.’s PE ratio has ranged between 65.73 and 7.50. The stock’s beta is 2.85. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.16, the price-to-book (PB) ratio at 37.94, and the price-to-cash flow ratio at 15.86.

The quick ratio of Everi Holdings Inc. for the three months ended June 29 was 1.50, and the current ratio was 1.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 19.65 and a total debt to equity ratio of 19.67 for the quarter ending June 29. Everi Holdings Inc.’s EBITDA margin for the year ending June 29 is 38.30%, while its operating margin for the same period stands at 24.20%. Its gross profit as reported stood at $317.84 million compared to revenue of $383.67 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Everi Holdings Inc.’s return on assets was 3.80%. For the broader industry, ROE averaged 9.95 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Everi Holdings Inc. had $1.13 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $36.21 million in the quarter, while revenues were grew 289.12%. The analyst consensus anticipated Everi Holdings Inc.’s latest quarter earnings to come in at $0.3 per share, but it turned out to be $0.36, a 20.00% surprise. For the quarter, EBITDA amounted to $88.18 million. Shareholders own equity worth $90.09 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Everi Holdings Inc. (EVRI) price momentum. RSI 9-day as of the close on 22 October was 55.93%, suggesting the stock is Neutral, with historical volatility in this time frame at 33.18%.

As of today, EVRI’s price is $24.38 +3.09% or $0.74 from its 5-day moving average. EVRI is currently trading +0.37% higher than its 20-day SMA and +12.40% higher than its 100-day SMA. However, the stock’s current price level is +4.49% above the SMA50 and +90.28% above the SMA200.

The stochastic %K and %D were 25.64% and 23.75%, respectively, and the average true range (ATR) was 0.92. With the 14-day stochastic at 34.78% and the average true range at 0.96, the RSI (14) stands at 55.44%. The stock has reached -0.06 on the 9-day MACD Oscillator while the 14-day reading was at 0.01.

Analyst Ratings

B. Riley Securities launched coverage on Everi Holdings Inc. (NYSE: EVRI) in its analyst report released on April 28, 2021. The firm assigned the stock a a Buy rating. The consensus rating for Everi Holdings Inc. (EVRI) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell EVRI, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 8 others rate it as a “buy”.

What is EVRI’s price target for the next 12 months?

Analysts predict a range of price targets between $28.00 and $39.00, with a median target of $30.50. Taking a look at these predictions, the average price target given by analysts for Everi Holdings Inc. (EVRI) stock is $31.38.


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