Why Scientific Games Corporation (SGMS) is the topic of conversation today

Scientific Games Corporation (NASDAQ: SGMS) is -37.57% lower on its value in year-to-date trading and has touched a low of $3.76 and a high of $31.63 in the current 52-week trading range. The SGMS stock was last observed hovering at around $16.72 in the recent trading session, with the current gains setting it 0.23% off its average median price target of $13.50 for the next 12 months. It is also 43.5% off the consensus price target high of $30.00 offered by 10 analysts, but current levels are -111.87% lower than the price target low of $8.00 for the same period.


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


At last check, trading at $16.95, the stock is 7.57% and 13.37% above its SMA20 and SMA50 respectively. However, with a current trading volume of 0.64 million and changing 1.38% at the moment leaves the stock -14.07% off its SMA200. SGMS registered -17.39% loss for a year compared to 6-month loss of -42.31%. The firm has a 50-day simple moving average (SMA 50) of $16.23 and a 200-day simple moving average (SMA200) of $17.16.

The stock witnessed a -11.67% gain in the last 1 month and extending the period to 3 months gives it a 88.93%, and is 3.47% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.35% over the week and 9.66% over the month.

Scientific Games Corporation (SGMS) has around 9800 employees, a market worth around $1.57B and $3.29B in sales. Fwd P/E is 43.20. Profit margin for the company is -8.10%. Distance from 52-week low is 350.80% and -46.41% from its 52-week high. The company has generated returns on investments over the last 12 months (6.90%).

Scientific Games Corporation (SGMS) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Scientific Games Corporation (SGMS) is a “Overweight”. 10 analysts offering their recommendations for the stock have an average rating of 2.60, where 5 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Scientific Games Corporation is expected to release its quarterly report on 07/30/2020 and quarterly earnings per share for the current quarter are estimated at -$1.7 with sales reaching $443.7M over the same period.The EPS is expected to grow by 63.90% this year, but quarterly earnings will post -24.40% year-over-year. Quarterly sales are estimated to shrink -47.50% in year-over-year returns.

Scientific Games Corporation (SGMS) Top Institutional Holders

253 institutions hold shares in Scientific Games Corporation (SGMS), with 38.51M shares held by insiders accounting for 40.76% while institutional investors hold 102.64% of the company’s shares. The shares outstanding are 94.00M, and float is at 55.89M with Short Float at 14.58%. Institutions hold 60.80% of the Float.

Scientific Games Corporation (SGMS) Insider Activity

A total of 42 insider transactions have happened at Scientific Games Corporation (SGMS) in the last six months, with sales accounting for 8 and purchases happening 34 times. The most recent transaction is an insider purchase by COTTLE BARRY L, the company’s President and CEO. SEC filings show that COTTLE BARRY L bought 5,000 shares of the company’s common stock on Mar 10 at a price of $10.34 per share for a total of $51700.0. Following the purchase, the insider now owns 0.1 million shares.

Scientific Games Corporation disclosed in a document filed with the SEC on Nov 27 that Mooberry Derik (EVP & Grp Chief Exec, Gaming) sold a total of 9,921 shares of the company’s common stock. The trade occurred on Nov 27 and was made at $27.15 per share for $0.27 million. Following the transaction, the insider now directly holds 14416.0 shares of the SGMS stock.

Still, SEC filings show that on Nov 26, Mooberry Derik (EVP & Grp Chief Exec, Gaming) disposed off 32,954 shares at an average price of $28.19 for $0.93 million. The insider now directly holds 14,416 shares of Scientific Games Corporation (SGMS).

Scientific Games Corporation (SGMS): Who are the competitors?

The company’s main competitors (and peers) include Churchill Downs Incorporated (CHDN) that is trading 7.24% up over the past 12 months. Short interest in the company’s stock has fallen -17.42% from the last report on May 14, 2020 to stand at a total of 9.57 million short shares sold with a short interest ratio of 3.88.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free