PlayAGS stock: buy or sell?

AGS stock price: $10.71 2.68% At close on December 6th, 2019

Updated on:
December 6th, 2019

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After sliding a spooky -7.77% yesterday, PlayAGS closed today at $10.71 and escalated a great 2.68%.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

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.
Is AGS a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-3Stifel Nicolausn/aBuy
2019-8-8SunTrust Banksn/aBuy
2019-8-8Stifel Nicolausn/aBuy
2019-8-8Deutsche BankBuyHold
2019-8-8Credit Suisse Groupn/aOutperform
2019-8-8Bank of AmericaBuyUnderperform
2019-4-8Roth CapitalBuyBuy
2019-3-6Deutsche Bankn/aBuy
2019-3-20Credit Suisse GroupOutperformOutperform
2019-2-13Jefferies Financial Groupn/aBuy

PlayAGS stock analysis

Daily outlook

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%).

AGS stock chart (daily)

Weekly outlook

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.

AGS stock chart (weekly)

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 $27.60

Predicting 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:
AGS stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-3Stifel NicolausLowers Target$24.00$19.00-20.8%
2019-8-8SunTrust BanksLowers Targetn/a$20.00-
2019-8-8Deutsche BankDowngrades$31.00$18.00-41.9%
2019-8-8Credit Suisse GroupReiterates$35.00$27.00-22.9%
2019-4-8Roth CapitalInitiatesn/a$35.00-
2019-3-6Deutsche BankReiteratesn/a$32.00-
2019-3-20Credit Suisse GroupReiteratesn/a$35.00-
2019-2-13Jefferies Financial GroupReiteratesn/a$35.00-
(in average)$30.00$27.60-8.0%
The price forecast for PlayAGS stock is $27.60, moving in a range between $35.00 and $18.00. In average, analysts' outlook on AGS price target is negative, reducing the target by a -8.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On 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.
AGS earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/an/an/a
2017-Q2-n/an/an/a
2017-Q3-n/an/an/a
2017-Q42018-03-14-0.32-0.37n/a
2018-Q12018-05-03-0.21-0.19n/a
2018-Q22018-08-02-0.02-0.02n/a
2018-Q32018-11-080.030.12300.0%
2018-Q42019-03-05-0.04-0.07n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared 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.

AGS annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$57 M-$-50.70 M-89.2%-
2014$72 M26.94%$-28.38 M-39.3%-44.03%
2015$123 M70.91%$-38.55 M-31.3%35.84%
2016$167 M35.29%$-81.37 M-48.8%111.11%
2017$212 M27.07%$-45.11 M-21.3%-44.57%
2018$285 M34.60%$-20.85 M-7.3%-53.78%

Quarterly financial results

PlayAGS 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%.
AGS quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$49 M-$-12.39 M-25.3%-
2017-Q2$51 M4.72%$-20.11 M-39.3%62.31%
2017-Q3$56 M10.17%$-4.09 M-7.2%-79.66%
2017-Q4$58 M2.16%$-8.52 M-14.8%108.31%
2018-Q1$65 M12.48%$-9.54 M-14.7%11.95%
2018-Q2$73 M12.28%$-5.31 M-7.3%-44.33%
2018-Q3$76 M3.71%$4.35 M5.8%-181.86%
2018-Q4$72 M-4.54%$-10.35 M-14.3%-337.98%

PlayAGS ownership

When 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:

AGS
Market cap$379.2 M
Total shares35.4 M
Float shares22.4 M
  - Institutional holdings (%)86.7%
  - Insider holdings (%)0.5%
Shares in short selling0.0%

PlayAGS summary

Friday, December 6th, 2019
Open$10.50
Close$10.71
Day range$10.32 - $10.88
Previous close$10.43
Session gain2.68%
Average true range$0.47
50d mov avg$11.28
100d mov avg$12.07
200d mov avg$17.17
Daily patternlt03c
Weekly pattern lb03a

PlayAGS performance

To measure stock performance is always good to benchmark with competitors or related stocks. We compared PlayAGS against in the following table:
Stock3m6m12m
AGSPlayAGS4.79%-41.51%-54.11%

PlayAGS competitors

Unfortunately, we could not find any public company that could be defined as PlayAGS competitor. This doesn't mean PlayAGS does not have any competitor in the market, it's just we could not detected it.