82 institutions hold shares in Golden Nugget Online Gaming Inc. (GNOG), with 4.09M shares held by insiders accounting for 8.78% while institutional investors hold 16.70% of the company’s shares. Institutions hold 15.23% of the Float.
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The top institutional shareholder in the company is Susquehanna International Group, LLP with over 1.49 million shares valued at $29.27 million. The investor’s holdings represent 4.02% of the GNOG Shares outstanding. As of Dec 30, 2020, the second largest holder is Jefferies Financial Group Inc. with 1.27 million shares valued at $25.06 million to account for 3.44% of the shares outstanding. The other top investors are Exchange Traded Concepts LLC which holds 0.28 million shares representing 0.75% and valued at over $5.47 million, while BlueCrest Capital Management Ltd holds 0.73% of the shares totaling 0.27 million with a market value of $5.32 million.
Golden Nugget Online Gaming Inc. (NASDAQ: GNOG) is -21.42% lower on its value in year-to-date trading and has touched a low of $9.75 and a high of $27.18 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GNOG stock was last observed hovering at around $13.79 in the last trading session, with the day’s gains setting it 1.69% off its average median price target of $24.00 for the next 12 months. It is also 44.71% off the consensus price target high of $28.00 offered by 3 analysts, but current levels are 35.5% higher than the price target low of $24.00 for the same period.
Currently trading at $15.48, the stock is 1.64% and -5.96% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.6 million and changing 12.26% at the moment leaves the stock -3.13% off its SMA200. GNOG registered 55.27% gain for a year compared to 6-month loss of 6.32%. The firm has a 50-day simple moving average (SMA 50) of $15.38 and a 200-day simple moving average (SMA200) of $17.03.
The stock witnessed a 14.45% gain in the last 1 month and extending the period to 3 months gives it a -19.25%, and is 20.75% 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 6.36% over the week and 7.47% over the month.
Golden Nugget Online Gaming Inc. (GNOG) has around 178 employees, a market worth around $1.02B and $91.10M in sales. Distance from 52-week low is 58.77% and -43.04% from its 52-week high. The company has generated returns on investments over the last 12 months (3.80%).
Golden Nugget Online Gaming Inc. (GNOG) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Golden Nugget Online Gaming Inc. (GNOG) is a “Buy”. 3 analysts offering their recommendations for the stock have an average rating of 1.50, where 0 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Golden Nugget Online Gaming Inc. quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $23.03M over the same period.