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.
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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.
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You can view all of the due diligence checks on AGS's stock page.
You can use many financial metrics, analyses, models, and charts to gauge AGS's true value.
Using relative valuations ratios:
You can access more valuation analysis on AGS's stock here.
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.
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:
For Q2 2023:
For FY 2023:
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.
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.
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.
No, Playags doesn't provide an income stream by paying out dividends.
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