Codere Online Luxembourgs Buy Rating Reiterated at Stifel Nicolaus

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.
  
Stifel Nicolaus reissued their buy rating on shares of Codere Online Luxembourg in a research report released on Monday morning,Benzinga reports. The brokerage currently has a 10.00 price objective on the stock. Codere Online Luxembourg Stock Performance Shares of CDRO stock opened at 6.45 on Monday. The business has a 50

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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.

Return On Equity

Return On Equity Comparative Analysis

Neogames is currently under evaluation in return on equity category among its peers. Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.

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

CDROCodere Online   3.64   
0%
100.0%
CPHCCanterbury Park   2.44   
0%
67.0%
CHDNChurchill Downs   1.00   
0%
27.0%
LNWLight Wonder   0.70   
0%
19.0%
ACELAccel Entertainment   0.47   
0%
12.0%
INSEInspired Entertainment   0.45   
0%
12.0%
AGSPlayAGS   0.43   
0%
11.0%
EVRIEveri Holdings   0.07   
0%
2.0%
IGTInternational Game   1.36   
37.0%
0%
GAMBGambling   2.25   
61.0%
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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

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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