NeoGames stock rallies 15 percent to six-week high after earnings - Seeking Alpha
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 |
NeoGames stock rallies 15 percent to six-week high after earnings Seeking Alpha
Read at news.google.com
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 | ||||
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 | ||||
GAMB | Gambling | 1.05 |
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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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.
Money Managers Screen money managers from public funds and ETFs managed around the world | |
Global Correlations Find global opportunities by holding instruments from different markets | |
Transaction History View history of all your transactions and understand their impact on performance | |
Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes |