PlayAGS stock: buy or sell?

AGS stock price: $9.96 -2.54% At close on August 22nd, 2019

Updated on:
August 22nd, 2019

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Shares of PlayAGS closed today at $9.96 and fell a godawful -2.54%. On August 13th AGS climbed a dazzling 7.99%. On Aug 14th AGS plummed a bloodcurdling -6.27%.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean AGS will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

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.
Is AGS a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
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

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%).

AGS stock chart (daily)

Weekly outlook

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.

AGS stock chart (weekly)

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 $28.90

How 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:
AGS stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
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)$33.00$28.90-12.0%
Moving in a range from $35.00 and $18.00, the price target for PlayAGS stock is $28.90. In average, analysts' outlook on AGS price forecast is negative, downsizing the target by a -12.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

PlayAGS 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.
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

In 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.

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 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%.
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 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:

AGS
Market cap$365.6 M
Total shares36.7 M
Float shares23.2 M
  - Institutional holdings (%)86.7%
  - Insider holdings (%)0.5%
Shares in short selling0.0%

PlayAGS summary

Thursday, August 22nd, 2019
Open$10.37
Close$9.96
Day range$9.90 - $10.46
Previous close$10.22
Session gain-2.54%
Average true range$1.55
50d mov avg$17.34
100d mov avg$19.71
200d mov avg$21.63
Daily patternlt03a
Weekly pattern lb06a

PlayAGS performance

Performance 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 :
Stock3m6m12m
AGSPlayAGS-49.26%-58.34%-68.32%

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.