The stock of Accel Entertainment Inc. (NYSE:ACEL) increased by $0.04 on Tuesday to finish at $11.73, up 0.34 percent. The last five days have seen an average of 635,880 shares of common stock traded. 31 times new highs were reached in the current year, with a gain of $4.03. The average number of shares traded over the last 20 days was 343,650, while the average volume over the last 50 days totaled 322,368.
ACEL stock appreciated 2.89% since last month. On 08/18/23, the company’s shares reached a one-month low of $10.30. The stock touched a high of $12.05 on 08/04/23, after rallying from a low of $7.26 in 52 weeks. The price of ACEL stock has risen by 52.34% or $4.03 this year, reaching a new high 31 times. Still, the stock price is down -2.66% from the 52-week high.
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Insider Transactions
ACEL stock investors should be aware that Accel Entertainment Inc. (ACEL) stock had its last reported insider trading activity 7 days ago on Aug 23. On Aug 23, CEO and President Rubenstein Andrew H. sold 20,000 shares at $11.36 each. This transaction resulted in the insider making $227,128. On Aug 17, Rubenstein Andrew H. sold 5,000 shares at a price of US$10.67. After the transaction, the insider now owns 4,247,965 shares. CEO and President Rubenstein Andrew H. had earlier sold 20,000 shares on Aug 16 for $10.96 a share. The transaction was completed for $219,184.
Valuation Metrics
Accel Entertainment Inc. (ACEL) has a trailing price-to-earnings (P/E) ratio of 18.95. Beta for the stock is 1.26. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.89, the price-to-book (PB) ratio of 5.36, and the price-to-cash flow ratio of 18.37.
Financial Health
For the three months ended September 29, Accel Entertainment Inc.’s quick ratio was 2.90, while its current ratio was 3.00, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending September 29 is 2.60, and the total debt to equity ratio is 2.75. As far as profitability goes, gross margin for the trailing twelve months is 29.90% percent. Accel Entertainment Inc.’s EBITDA margin for the year ended September 29 was 14.98%, whereas its operating margin stood at 9.30% for the same period. Based on annual data, it had gross profit of $298.9 million and revenue of $969.8 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ACEL’s return on assets (ROA) during the last 12 months has been 6.40%. There was a 10.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 30.10%.
Earnings Surprise
According to Accel Entertainment Inc.’s quarterly financial report for the quarter that ended September 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $292.65 million, while revenues rose by 22.14% to $293.21 million. It was predicted that Accel Entertainment Inc.’s quarterly earnings would be $0.21, but it ended up being $0.24, beating the consensus by -12.50%. EBITDA was $44.34 million for the quarter. At the end of Accel Entertainment Inc.’s most recent quarter ended September 29, its liabilities totaled 674.55 million, while its total debt was $523.71 million. Equity owned by shareholders amounts to $85.62 million.
Technical Picture
Here’s a quick look at Accel Entertainment Inc.’s (ACEL) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 67.92%, suggesting the stock is Neutral, with a 22.91% historical volatility rate.
The stochastic %K and %D were 89.71% and 80.37% respectively, while the average true range (ATR) was 0.34. Based on the 14-day stochastic reading of 85.63%, the RSI (14) reading is 63.11%. On the 9-day MACD Oscillator, the stock is at 0.41, and the 14-day reading is at 0.42.
Analyst Ratings
Accel Entertainment Inc. (NYSE: ACEL) was downgraded by Goldman to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Accel Entertainment Inc. (ACEL) an Buy rating. ACEL is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is ACEL’s price target for the next 12 months?
The current consensus forecast for the stock is between $13.00 and $15.00, with a median target price of $14.00. In analyzing these forecasts, the average price target given by analysts for Accel Entertainment Inc. (ACEL) is $14.00.
