PlayAGS stock: buy or sell?
August 22nd, 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?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. That's why is so important to define your own trading strategy that fits your character as inversor. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
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?
Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we detected 9 ratings published for AGS stock in the last month. The general sentiment of these ratings is bullish for AGS stock, with 7 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
Shares of PlayAGS fell a godawful -2.54% and closed at $9.96.
PlayAGS closed today at $9.96 and fell a godawful -2.54%. Since price and SMA100d lines crossed down on April, AGS fell $-14.73 per share (-59.66%).
After boosting an outstanding 12.33% in a week last week, PlayAGS closed this week at $9.96 and collapsed a horrible -4.78%.
Since mid March, when AGS stock price broke down the 40-weeks moving avarage line, it slid $-16.66 per share (-62.58%). Trading stocks that are below the 40-weeks (that is, 200-days) moving average line is not recommended by many experts, as it indicates that the stock has not enough institutional support. Far behind is the all-time high PlayAGS hit early September and since then the price is -69.63% below that top.
PlayAGS stock price history
PlayAGS IPO was on January 26th, 2018 at $17.00 per share1. Since then, AGS stock declined a -41.40%, with a yearly average of -41.40%.
1: Adjusted price after possible price splits or reverse-splits.
PlayAGS stock historical price chart
AGS stock reached all-time highs on September with a price of $32.80.
PlayAGS stock price target is $28.90How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' AGS stock price predictions in the hope that they will be met as they may be wrong and not met. We detected 7 price forecasts for PlayAGS stock posted in the last 30 days:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|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 SharePlayAGS reported outstanding results for 2018-Q4 on March. PlayAGS skyrocketed Earnings per Share (EPS) by 75.00%, beating analysts estimates of $-0.04. PlayAGS posted $-0.07.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, PlayAGS annual sales rocketed an extraordinary 34.60% to $285.30 M dollars from $211.96 marked in 2017. Likewise, its earnings margin (compared to revenues) skyrocketed 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 reported $72.10 million in sales for 2018-Q4, a -4.54% decline compared to previous quarter. Reported quarter income marked $-10.35 M with a profit margin of -14.35%. Profit margin collapsed 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 amazing increase and boosted 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 invest in shares of a company, it's worth to have a look 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||$365.6 M|
|Total shares||36.7 M|
|Float shares||23.2 M|
|- Institutional holdings (%)||86.7%|
|- Insider holdings (%)||0.5%|
|Shares in short selling||0.0%|
|Thursday, August 22nd, 2019|
|Day range||$9.90 - $10.46|
|Average true range||$1.55|
|50d mov avg||$17.34|
|100d mov avg||$19.71|
|200d mov avg||$21.63|
PlayAGS performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. In the following table, we compare PlayAGS performance to :