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Monday, June 5, 2023

Everi Holdings Inc. (NYSE: EVRI): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Everi Holdings Inc. (EVRI) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.16, or -1.06%, to $14.96. The Everi Holdings Inc. has recorded 29,293 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that EVERI TO REPORT 2023 FIRST QUARTER RESULTS ON MAY 10 AND HOST CONFERENCE CALL AND WEBCAST.

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Stocks Info

EVRI belongs to the Consumer Cyclical sector of the NYSE while operating in the Gambling industry. At the end of the last regular session, the stock closed at $15.12 and fluctuated between $15.26 as its day high and $14.47 as its day low. The current market capitalization of Everi Holdings Inc. is $1.33B. A total of 0.83 million shares were traded on the day, compared to an average of 714.00K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, EVRI has seen 12 BUY and 11 SELL insider trades, representing the acquisition of 120,856 and the disposition of 81,411 shares. Over the last 12 months, there were 56 BUYs and 55 SELLs from insiders. Insiders purchased 498,204 shares during that period but sold 246,640.

In the most recent transaction, Lucchese David sold 38,398 shares of EVRI for 18.61 per share on Mar 03. After the transaction, the EVP, Sales, Marketing, Digital now owns 167,287 company shares. In a previous transaction on Mar 03, JUDGE GEOFFREY P sold 6,000 shares at 18.58 per share. EVRI shares that Director owns now total 61,572.

Among the insiders who sold shares, VALLI TODD A. disposed of 5,235 shares on Mar 03 at a per-share price of $18.58. This resulted in the SVP, CAO holding 38,819 shares of EVRI after the transaction. In another insider transaction, Rumbolz Michael D sold 19,424 shares at $21.00 per share on Aug 16. Company shares held by the Executive Chairman now total 981,899.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for EVRI in the last 3 months, the mean price target is $25.88 with high estimates of $31.00 and low estimates of $23.00. In terms of 52-week highs and lows, EVRI has a high of $21.11 and a low of $13.52.

As of this writing, EVRI has an earnings estimate of $0.22 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.25 per share and a lower estimate of $0.19. The company reported an EPS of $0.3 in the last quarter, which was -11.80% lower than expectations of $0.34.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. EVRI’s latest balance sheet shows that the firm has $302.01M in Cash & Short Term Investments as of fiscal 2021. There were $981.52M in debt and $471.79M in liabilities at the time. Its Book Value Per Share was $2.45, while its Total Shareholder’s Equity was $174.50M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 8 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EVRI is Overweight with a score of 5.00. A total of 8 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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