International Game Technology Beats Q1 Earnings and Revenue Estimates
NGMSDelisted Stock | USD 27.09 0.15 0.55% |
Slightly above 61% of Neogames' investor base is looking to short. The analysis of current outlook of investing in Neogames SA suggests that many traders are alarmed regarding Neogames' prospects. Neogames' investing sentiment can be driven by a variety of factors including economic data, Neogames' earnings reports, geopolitical events, and overall market trends.
Neogames |
IGT delivered earnings and revenue surprises of 25.64 percent and 3.15, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock
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Neogames Fundamental Analysis
We analyze Neogames' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Neogames using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Neogames based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Target Price
Target Price Comparative Analysis
Neogames is currently under evaluation in target price category among its peers.
Neogames SA Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Neogames stock to make a market-neutral strategy. Peer analysis of Neogames could also be used in its relative valuation, which is a method of valuing Neogames by comparing valuation metrics with similar companies.
Peers
Neogames Related Equities
ACEL | Accel Entertainment | 3.08 | ||||
CPHC | Canterbury Park | 2.20 | ||||
CDRO | Codere Online | 1.57 | ||||
GAMB | Gambling | 0.99 | ||||
INSE | Inspired Entertainment | 0.21 | ||||
EVRI | Everi Holdings | 0.15 | ||||
AGS | PlayAGS | 0.08 | ||||
IGT | International Game | 0.00 | ||||
LNW | Light Wonder | 0.07 | ||||
CHDN | Churchill Downs | 0.29 |
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Other Consideration for investing in Neogames Stock
If you are still planning to invest in Neogames SA check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Neogames' history and understand the potential risks before investing.
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