NeoGames Pariplay signs deal with Tipico US for further North American growth
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 |
Partnership will see select Wizard Games and Fusion content go live with New Jersey-based online casinoLUXEMBOURG, Dec. 11, 2023 -- NeoGames S.A. , a technology-driven provider of end-to-end iLottery and iGaming solutions, announced today that its subsidiary Pariplay is set for further expansion in the North American market after signing an agreement with Tipicos US business. The deal will enable Tipicos players in New Jersey to enjo
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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.
Current Ratio
Current Ratio Comparative Analysis
Neogames is currently under evaluation in current ratio category among its peers. Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
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
CPHC | Canterbury Park | 2.44 | ||||
IGT | International Game | 1.15 | ||||
AGS | PlayAGS | 0.43 | ||||
LNW | Light Wonder | 0.15 | ||||
CHDN | Churchill Downs | 0.07 | ||||
EVRI | Everi Holdings | 0.15 | ||||
CDRO | Codere Online | 0.31 | ||||
INSE | Inspired Entertainment | 1.24 | ||||
ACEL | Accel Entertainment | 1.79 | ||||
GAMB | Gambling | 2.51 |
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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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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