At the last check on Friday, PlayAGS Inc.’s (NYSE:AGS) stock was up $0.8, moving up 11.71 percent to $7.63. The average number of shares traded per day over the past five days has been 304,864 shares. 4 times new highs have been achieved over the past 5 days, with a $0.99 gain in that time frame. In the last twenty days, the average volume was 310,206, while in the previous 50 days, it was 411,566.
Since last month, AGS stock rose 45.89%. Shares of the company fell to $5.10 on 07/06/23, the lowest level in the past month. A 52-week high of $8.40 was reached on 03/10/23 after having rallying from a 52-week low of $4.38. Since the beginning of this year, AGS’s stock price has risen by 49.61% or $2.51, and marked a new high 18 times. However, the stock has declined by -9.17% since its 52-week high.
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AGS stock investors should be aware that PlayAGS Inc. (AGS) stock had its last reported insider trading activity 79 days ago on May 17. CHIBIB ADAM, the Director of the company, purchased of 2,000 shares for $5.80 on May 17. It resulted in a $11,600 investment by the insider. Massion Anna added 5,000 shares at an average price of $6.00 on May 16. The insider now owns 39,036 shares following the transaction. On Nov 17, 10% Owner AP Gaming VoteCo, LLC sold 8,208,076 shares at $5.00 apiece. The transaction was valued at $41,040,380.
Valuation Metrics
Right now, PlayAGS Inc. (AGS) has a P/E ratio of about 67.52. The stock’s beta is 2.34. Besides these, the trailing price-to-sales (P/S) ratio of 0.89, the price-to-book (PB) ratio of 5.26, and the price-to-cash flow ratio of 83.28 may also be considered.
Financial Health
In the three months ended June 29, PlayAGS Inc.’s quick ratio stood at 2.20, while its current ratio was 3.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 9.98, and the total debt-to-equity ratio was 10.09. On the profitability front, the trailing twelve-month gross margin is 71.60% percent. In the year ended June 29, EBITDA margin amounted to 37.30%, whereas operating margins totaled 13.80%. Based on annual data, AGS earned $222.76 million in gross profit and brought in $309.44 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.20%. Return on equity (ROE) for the past 12 months was 9.10%.
In PlayAGS Inc.’s quarter-end financial report for June 29, it reported total debt of $548.65 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AGS’s revenue rose 14.75% to $83.18 million during the quarter, while net income inched up to $89.83 million. While analysts expected PlayAGS Inc. to report $0 quarterly earnings, the actual figure was $0.02 per share. During the quarter, the company generated $33.06 million in EBITDA. The liabilities of PlayAGS Inc. were 621.15 million at the end of its most recent quarter ended June 29, and its total debt was $568.19 million. The value of shareholders’ equity is $37.92 million.
Technical Picture
This quick technical analysis looks at PlayAGS Inc.’s (AGS) price momentum. With a historical volatility rate of 58.26%, the RSI 9-day stood at 80.61% on 03 August.
With respect to its five-day moving average, the current PlayAGS Inc. price is up by +14.95% percent or $0.99. At present, AGS shares trade +39.38% above its 20-day simple moving average and +16.90% percent above its 100-day simple moving average. However, the stock is currently trading approximately +21.96% above its SMA50 and +25.16% above its SMA200.
Stochastic coefficient K was 82.71% and Stochastic coefficient D was 84.86%, while ATR was 0.31. Given the Stochastic reading of 93.10% for the 14-day period, the RSI (14) reading has been calculated as 75.09%. As of today, the MACD Oscillator reading stands at 0.29, while the 14-day reading stands at 0.35.
Analyst Ratings
Jefferies upgraded its rating on PlayAGS Inc. (NYSE: AGS) to a Buy in a note to investors on May 15, 2023. The analysts firm previously had a Hold rating on the stock.PlayAGS Inc. (AGS) has been rated Buy by analysts. According to 0 brokerage firms, AGS is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate PlayAGS Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $11.00, the current consensus forecast for the stock is $10.00 – $14.00. Based on these forecasts, analysts predict PlayAGS Inc. (AGS) will achieve an average price target of $11.33.
