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PlayAGS Inc (AGS) – Don’t Be So Quick to Call it Dead

PlayAGS Inc (NYSE: AGS) is 3.56% higher on its value in year-to-date trading and has touched a low of $8.23 and a high of $12.16 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AGS stock was last observed hovering at around $11.92 in the last trading session, with the day’s gains setting it 0.02%.

Currently trading at $11.94, the stock is -1.06% and -0.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.98 million and changing 0.17% at the moment leaves the stock 2.96% off its SMA200. AGS registered 33.26% gain for a year compared to 6-month gain of 5.94%. The firm has a 50-day simple moving average (SMA 50) of $11.9556 and a 200-day simple moving average (SMA200) of $11.597.

The stock witnessed a -1.16% loss in the last 1 month and extending the period to 3 months gives it a 4.10%, and is -1.00% down 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 0.51% over the week and 0.31% over the month.

PlayAGS Inc (AGS) has around 916 employees, a market worth around $492.63M and $394.87M in sales. Current P/E ratio is 10.06 and Fwd P/E is 15.20. Profit margin for the company is 12.29%. Distance from 52-week low is 45.08% and -1.81% from its 52-week high. The company has generated returns on investments over the last 12 months (7.47%).

with sales reaching $98.48M over the same period.The EPS is expected to grow by 12200.00% this year, but quarterly earnings will post 5.05% year-over-year. Quarterly sales are estimated to grow 2.61% in year-over-year returns.

188.0 institutions hold shares in PlayAGS Inc (AGS), with institutional investors hold 84.30% of the company’s shares. The shares outstanding are 41.13M, and float is at 39.45M with Short Float at 1.71%. Institutions hold 81.11% of the Float.

The top institutional shareholder in the company is BLACKROCK INC. with over 3.27 million shares valued at $37.59 million. The investor’s holdings represent 8.3365 of the AGS Shares outstanding. As of 2024-06-30, the second largest holder is ARROWMARK COLORADO HOLDINGS LLC with 2.49 million shares valued at $28.6 million to account for 6.2642 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 2.13 million shares representing 5.443 and valued at over $24.54 million, while RENAISSANCE TECHNOLOGIES LLC holds 4.4627 of the shares totaling 1.77 million with a market value of $20.38 million.

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