NeoGames S.A. Shares Bought by Alpine Associates Management Inc.

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.
  
Alpine Associates Management Inc. lifted its position in NeoGames S.A. by 14.9 percent in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 999,628 shares of the companys stock after acquiring an additional 129,840 shares during the quarter. NeoGames

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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.

Price To Sales

Price To Sales Comparative Analysis

Neogames is currently under evaluation in price to sales category among its peers. Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.

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

CPHCCanterbury Park   2.44   
0%
97.0%
IGTInternational Game   1.15   
0%
45.0%
AGSPlayAGS   0.43   
0%
17.0%
LNWLight Wonder   0.15   
0%
5.0%
CHDNChurchill Downs   0.07   
2.0%
0%
EVRIEveri Holdings   0.15   
5.0%
0%
CDROCodere Online   0.31   
12.0%
0%
INSEInspired Entertainment   1.24   
49.0%
0%
ACELAccel Entertainment   1.79   
71.0%
0%
GAMBGambling   2.51   
100.0%
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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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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