SciPlay Corporation (NASDAQ:SCPL) finished Friday with an addition of $0.02 to close at $22.68, an upside of 0.09 percent. An average of 2,151,080 shares of common stock have been traded in the last five days. There was a gain of $3.00 in the past week, and it reached a new high 26 times over the past 12 months. The last 20 days have seen an average of 678,580 shares traded, while the 50-day average volume stands at 424,138.
SCPL stock has increased by 14.31% in the last month. The company shares reached their 1-month lowest point of $19.43 on 08/02/23. With the stock rallying to its 52-week high on 08/10/23, shares of the company touched a low of $10.60 and a high of $22.74 in 52 weeks. It has reached a new high 13 times so far this year and achieved 41.04% or $6.60 in price. In spite of this, the price is down -0.26% from the 52-week high.
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Insider Transactions
SCPL stock investors should be aware that SciPlay Corporation (SCPL) stock had its last reported insider trading activity 88 days ago on May 16. In this transaction, the insider spent $16,788. Interim CFO and Secretary, OQuinn Daniel, disposed of 5,900 shares at a price of $16.75 on Mar 14. The insider now owns more than $98,825 worth of shares.
Valuation Metrics
SciPlay Corporation (SCPL) has a trailing price-to-earnings (P/E) ratio of 23.17. The stock’s beta is 0.34. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.05, the price-to-book (PB) ratio at 4.35, and the price-to-cash flow ratio at 19.93.
Financial Health
The quick ratio of SciPlay Corporation for the three months ended June 29 was 6.90, and the current ratio was 6.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. SciPlay Corporation’s EBITDA margin for the year ending June 29 is 26.08%, while its operating margin for the same period stands at 21.90%. Its gross profit as reported stood at $467.0 million compared to revenue of $671.0 million.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $5.6 million in the quarter, while revenues of $5.5 million were shrunk -1.79%. The analyst consensus anticipated SciPlay Corporation’s latest quarter earnings to come in at $0.25 per share, but it turned out to be $0.25, a 0.00% surprise. For the quarter, EBITDA amounted to $39.2 million. At the end of the quarter ending June 29, SciPlay Corporation’s stock balance sheet showed total liabilities of 150.6 million. Shareholders own equity worth $124.77 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at SciPlay Corporation (SCPL) price momentum. RSI 9-day as of the close on 11 August was 87.78%, suggesting the stock is Overbought, with historical volatility in this time frame at 71.77%.
As of today, SCPL’s price is $21.49 +15.24% or $3.00 from its 5-day moving average. SCPL is currently trading +14.55% higher than its 20-day SMA and +37.29% higher than its 100-day SMA. However, the stock’s current price level is +16.97% above the SMA50 and +70.65% above the SMA200.
The stochastic %K and %D were 98.39% and 81.34%, respectively, and the average true range (ATR) was 0.46. With the 14-day stochastic at 98.18% and the average true range at 0.39, the RSI (14) stands at 84.01%. The stock has reached 1.97 on the 9-day MACD Oscillator while the 14-day reading was at 2.35.
Analyst Ratings
Wedbush downgraded SciPlay Corporation (NASDAQ: SCPL) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for SciPlay Corporation (SCPL) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SCPL, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is SCPL’s price target for the next 12 months?
Analysts predict a range of price targets between $19.00 and $23.00, with a median target of $22.95. Taking a look at these predictions, the average price target given by analysts for SciPlay Corporation (SCPL) stock is $21.74.
