NeoGames subsidiary enters sportsbook partnership with Alberta Gaming

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 S.A. subsidiary BtoBet, a sports betting provider, has entered into a long-term sportsbook partnership with Alberta Gaming, Liquor Cannabis the only legal online...

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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.

Number Of Employees

Number Of Employees Comparative Analysis

Neogames is currently under evaluation in number of employees category among its peers. Number of Employees shows the total number of permanent full time and part time employees working for a given company and processed through its payroll.

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

ACELAccel Entertainment   3.08   
0%
100.0%
CPHCCanterbury Park   2.20   
0%
71.0%
CDROCodere Online   1.57   
0%
50.0%
INSEInspired Entertainment   0.21   
0%
6.0%
EVRIEveri Holdings   0.15   
0%
4.0%
AGSPlayAGS   0.08   
0%
2.0%
IGTInternational Game   0.00   
0%
0%
LNWLight Wonder   0.07   
2.0%
0%
CHDNChurchill Downs   0.29   
9.0%
0%
GAMBGambling   1.05   
34.0%
0%
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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.

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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