How to Buy Playags Stock
Playags Inc
Playags is a gambling company located in Nevada, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker AGS on the NYSE exchange.
Playags stock last closed at $5.71, up 4.01% from the previous day, and has decreased 5.62% in one year. It has underperformed other stocks in the Gambling industry by 0.08 percentage points. Playags stock is currently +35.63% from its 52-week low of $4.21, and -32.02% from its 52-week high of $8.40.
At the moment, there are 37.92M shares of AGS outstanding. The market cap of AGS is $216.51M. In the past 24 hours, 266,225 AGS shares were traded.
How to Buy Playags Stock
Wondering how to invest in Playags stock? Here's how.
- Decide where to buy Playags stock: You need to choose an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you choose where to buy Playags stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Put funds into your brokerage account: Choose your payment method and add your information.
- Evaluate Playags stock: The Playags ticker symbol is AGS. Is Playags stock a good investment? Should you buy shares of AGS? How do AGS's underlying business fundamentals look? Do top analysts think Playags is a good buy? Why has AGS's stock price moved recently? (Hint: Our stock market analysis website can help you evaluate if AGS is a good stock to buy).
- Place your AGS trade: Decide if you will purchase AGS shares at the current market price or use a limit order to buy AGS stock at a particular price.
- Keep tabs on your AGS position: Create a watchlist to get the latest news on your position in Playags shares.
Step 1: Decide where to buy Playags stock
You need a brokerage account to access the NYSE market and buy AGS stock.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've picked the best brokerage, it's time to fill out some personal info so you are able to invest in AGS today.
How to Start a New Account on eToro
- Click here to get started.
- Input your personal data to start your new trading account.
- Send your info by clicking the "Create Account" button.
Step 3: Put funds into your brokerage account
Now that you have finished signing up on the best stock market app for beginners, you can securely and quickly fund your account:
Watch the video below to see the process of depositing funds into your new investment account.
Step 4: Evaluate Playags stock
Once you have chosen the best place to buy Playags stock, it's very important to research their stock before you buy, so you can comprehend the risk and upside.
Playags Numbers
AGS Due Diligence Checks
WallStreetZen was created to help part-time investors perform more accurate fundamental analysis quickly.
You can view all of the due diligence checks on AGS's stock page.
Is AGS stock properly valued?
You can use many financial metrics, analyses, models, and charts to gauge AGS's true value.
Using relative valuations ratios:
- AGS may be overvalued based on its P/E ratio of 57.1x, relative to Gambling industry P/E ratio of 4.36x
- AGS may be undervalued based on its P/B ratio of 3.94x, relative to Gambling industry P/B ratio of 8.77x
- AGS could be overvalued based on its PEG ratio of 3.57x
You can access more valuation analysis on AGS's stock here.
AGS Financial Health Overview
Positive Financial Indicators:
- AGS profit margin has gone up from -9.9% to 1.3% in the past year.
- There are more short-term assets than short-term liabilities on the AGS balance sheet.
Negative Financial Indicators:
- AGS's operating cash flow of $74.81M allows it to safely service it's debt of $565.70M.
- Total AGS debt is higher than 5 years ago, relative to shareholder equity.
- There are more long-term liabilities than short-term assets on the AGS balance sheet.
- AGS has a relatively high debt to equity ratio of 11.3.
- AGS earnings of $45.18M is not sufficient to cover its interest payments.
Do Wall Street analysts think it's a good time to buy Playags stock
Out of 4 sell side analysts who give recommendations on AGS, the consensus analyst rating on Playags is a Strong Buy
Please note that analyst ratings are not stock recommendations, nor are they investment advice.
Most Recent AGS Analyst Upgrades/Downgrades
Carlo Santarelli, a top 6% analyst from Deutsche Bank maintains AGS with a hold rating and lowers their AGS price target from $11.00 to $9.00, on May 17, 2023.
David Katz, a top 15% analyst from Jefferies upgrades AGS to a strong buy rating and raises their AGS price target from $7.00 to $10.00, on May 15, 2023.
Upgrading the stock from Hold to Strong Buy, Katz raised his price target on PlayAGS, Inc. by 42.9% following the release of the company's Q1 2023 earnings report on 2023/05/09.
The company's "product momentum" has been accelerating over the past several quarters and should continue to do so, the analyst said.
PlayAGS and its peers are out of favor at the moment, providing investors with an opportunity to buy "a severely undervalued small-cap stock," Katz told his readers.
The analyst explained that the company's operations "are progressing better than at any time in the past three years, after the missteps of 2019 and COVID."
The stock is up 5.3% YTD against the S&P 500's 7.8% gain.
For Q1 2023, PlayAGS reported:
- Loss per share of $0.01, which beat the Zacks Consensus Estimate of $(0.08) and, by 90.9%, Q1 2022's $(0.11).
- Revenue of $83.18M, which beat the Zacks Consensus Estimate by 7.32% and Q1 2022's $72.86M by 14.2%.
- Product revenue of $4.1M, up 17.6% from Q1 2022's $3.5M, "supported by a more than doubling of our card shuffler revenue in connection with accelerating customer demand for our PAX Single-deck shuffler."
- Adjusted EBITDA of $36.5M, up 11.4% from Q1 2022's $32.77M.
- Adjusted EBITDA margin of 43.9%, down from Q1 2022's 45%.
- Its Spectra UR43 gaming cabinet "continued to garner industry-wide acclaim, achieving the number one ranking in the "New Portrait Upright" category of the April 2023 Eilers-Fantini Cabinet Performance Report for the seventh consecutive month, with reported game performance of over two times the house average."
Management guided:
For Q2 2023:
- "Comfortably sustain Q2 2023 domestic EGM RPD (revenue per day) above the $30 level."
- "Improve upon our record-setting Table Products segment Q1 revenue performance in the second quarter.
- "Q2 2023 Interactive Revenue segment revenues should look relatively similar to those achieved in Q1, with a more pronounced lift-off occurring in 2H as the payoff from recent investments into our technical and commercial teams and upside from recent new customer activations become better reflected in our quarterly results."
- Adjusted EBITDA margin "slightly below the low end of the targeted FY range."
For FY 2023:
- Adjusted EBITDA margin of 44% to 45%.
President & CEO David Lopez commented: "Our record-setting Q1 revenue and adjusted EBITDA performance is yet another testament to the way in which the strategic investments we have made in our products over the past several years have strengthened the underlying resiliency and vibrancy of our business.
"Supported by what I view as the most compelling new product lineup in AGS's history, I am extremely excited about what lies ahead for the Company and our shareholders."
CFO Kimo Akiona added: "As an organization, we remain singularly focused on optimizing our operating and capital deployment efficiency to further de-lever our balance sheet.
"Supported by our strong Q1 financial performance, the growing demand for our high-performing for-sale products, and the relative stability observed across our recurring revenue operations, we remain confident in our ability to exit 2023 with net leverage inside of our targeted 3.25x to 3.75x range, with an intermediate-term focus on returning net leverage inside of 3.0x."
Benjamin Chaiken, a top 13% analyst from Credit Suisse reiterates AGS with a buy rating and maintains their AGS price target from $15.00 to $15.00, on May 11, 2023.
Barry Jonas, a top 13% analyst from Truist Securities maintains AGS with a strong buy rating and raises their AGS price target from $8.00 to $11.00, on Mar 10, 2023.
You can dig deeper into what analysts are saying on the Playags stock forecast page.
AGS Momentum
AGS Growth Metrics
Last year, AGS revenue was $319.75M. Over the past 5 year, AGS's revenue has grown by 6.9% per year. This was slower than the Gambling industry average of 83.61%.
Learn more about AGS's earnings and revenue performance here.
Latest Insiders Trades at AGS
In the past year, insiders at AGS have sold more shares than they have bought.
Adam Chibib, Director of AGS, was the latest AGS insider to buy. They bought $11,600.00 worth of AGS stock on May 17, 2023.
Dig into more about who owns AGS shares here.
Can I rely on AGS as an income stream?
No, Playags doesn't provide an income stream by paying out dividends.
What do other traders have to say about AGS?
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Place your AGS trade
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually the easiest way to buy. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given price, place a limit order.
Click the Open button and your broker will execute the order.
If you want additional help investing in stocks on eToro, watch the helpful video below:
Step 6: Keep tabs on your AGS position
Now that you own some AGS shares, you'll want to stay up-to-date on your new investment.
Make a watchlist to get alerted to the latest events about your AGS stock.
AGS Feed
How to Buy Stock in Playags
To reiterate, here are the 6 steps to buy stock in Playags:
- Decide where to buy Playags stock
- Open your brokerage account
- Put funds into your brokerage account
- Evaluate Playags stock
- Place your AGS trade
- Keep tabs on your AGS position
If you require a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to watch your new investment in Playags, add AGS to your watchlist by clicking the button below.
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