PlayAGS stock: buy or sell?
December 6th, 2019
PlayAGS, Inc. designs and supplies products and services for the gaming industry in the United States. It offers electronic gaming machines, such as slot machines, video bingo machines, and other electronic gaming devices; and server-based systems and back-office systems that are used by casinos and other gaming locations.
Should I buy PlayAGS stock?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Following a trading plan helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
Currently, PlayAGS stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is PlayAGS stock a buy?
Banks and financial institutions publish stock ratings everyday.At Stocks2.com, we gathered 10 ratings published for AGS stock in the last month. The general sentiment of these ratings is bullish for AGS stock, with 8 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-8||Credit Suisse Group||n/a||Outperform|
|2019-8-8||Bank of America||Buy||Underperform|
|2019-3-20||Credit Suisse Group||Outperform||Outperform|
|2019-2-13||Jefferies Financial Group||n/a||Buy|
PlayAGS stock analysis
After sliding a spooky -7.77% yesterday, PlayAGS closed today at $10.71 and escalated a great 2.68%.
After sliding a spooky -7.77% yesterday, PlayAGS closed today at $10.71 and escalated a great 2.68%. Since last Tuesday when AGS stock price broke down the SMA50d line, it slid $-0.79 per share (-6.87%).
Shares of PlayAGS plummed a chilling -6.79% this week. Late October AGS climbed an amazing 5.74% in just one week.
AGS marked an uptrend of rising tops and rising bottoms. Since its last top early November at $12.99, price slid and bounced up back from $11.05. Breaking down under $11.05 would cancel the current uptrend and it might test lower supports. Note that $12.99 might act as a resistance line.
PlayAGS stock price history
PlayAGS IPO was on January 26th, 2018 at $17.00 per share1. Since then, AGS stock lost a -37.00%, with a yearly average of -37.00%.
1: Adjusted price after possible price splits or reverse-splits.
PlayAGS stock historical price chart
AGS stock reached 52-week highs on March at $27.85, and all-time highs 2018-09-04 with a price of 32.8.
PlayAGS stock price target is $27.60Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We detected 8 price forecasts for AGS stock posted in the last 30 days:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-3||Stifel Nicolaus||Lowers Target||$24.00||$19.00||-20.8%|
|2019-8-8||SunTrust Banks||Lowers Target||n/a||$20.00||-|
|2019-8-8||Credit Suisse Group||Reiterates||$35.00||$27.00||-22.9%|
|2019-3-20||Credit Suisse Group||Reiterates||n/a||$35.00||-|
|2019-2-13||Jefferies Financial Group||Reiterates||n/a||$35.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn March, PlayAGS presented its financial report, posting an amazing gain for the Earnings per Share (EPS). Experts expected $-0.04 per share, but PlayAGS posted $-0.07.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual revenues report draw a super good growth of 34.60% to $285.30 M dollars. In line, its profit margin (compared to sales) rocketed to -7.31%, that is $-20.85 million.
|2013||$57 M||-||$-50.70 M-89.2%||-|
|2014||$72 M||26.94%||$-28.38 M-39.3%||-44.03%|
|2015||$123 M||70.91%||$-38.55 M-31.3%||35.84%|
|2016||$167 M||35.29%||$-81.37 M-48.8%||111.11%|
|2017||$212 M||27.07%||$-45.11 M-21.3%||-44.57%|
|2018||$285 M||34.60%||$-20.85 M-7.3%||-53.78%|
Quarterly financial resultsPlayAGS posted $72.10 million in sales for 2018-Q4, a -4.54% decline compared to previous quarter. Reported quarter earnings marked $-10.35 million with a profit margin of -14.35%. Profit margin plunged a -20.10% compared to previous quarter when profit margin was 5.76%. When comparing revenues to same quarter last year, PlayAGS sales marked an exceptional gain and climbed a 25.03%.
|2017-Q1||$49 M||-||$-12.39 M-25.3%||-|
|2017-Q2||$51 M||4.72%||$-20.11 M-39.3%||62.31%|
|2017-Q3||$56 M||10.17%||$-4.09 M-7.2%||-79.66%|
|2017-Q4||$58 M||2.16%||$-8.52 M-14.8%||108.31%|
|2018-Q1||$65 M||12.48%||$-9.54 M-14.7%||11.95%|
|2018-Q2||$73 M||12.28%||$-5.31 M-7.3%||-44.33%|
|2018-Q3||$76 M||3.71%||$4.35 M5.8%||-181.86%|
|2018-Q4||$72 M||-4.54%||$-10.35 M-14.3%||-337.98%|
PlayAGS ownershipWhen you are planning to buy a company, it's worth to review its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For PlayAGS, 0.51% of all outstanding shares are owned by its staff.
Bearish positions for AGS stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to PlayAGS:
|Market cap||$379.2 M|
|Total shares||35.4 M|
|Float shares||22.4 M|
|- Institutional holdings (%)||86.7%|
|- Insider holdings (%)||0.5%|
|Shares in short selling||0.0%|
|Friday, December 6th, 2019|
|Day range||$10.32 - $10.88|
|Average true range||$0.47|
|50d mov avg||$11.28|
|100d mov avg||$12.07|
|200d mov avg||$17.17|
PlayAGS performanceTo measure stock performance is always good to benchmark with competitors or related stocks. We compared PlayAGS against in the following table: