Accel Entertainment Inc (ACEL) stock forecast: Can it reach its 52-week high of $12.05

A share price of Accel Entertainment Inc [ACEL] is currently trading at $12.20, up 10.11%. An important factor to consider is whether the stock is rising or falling in short-term value. The ACEL shares have gain 18.10% over the last week, with a monthly amount glided 22.98%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Accel Entertainment Inc [NYSE: ACEL] stock has seen the most recent analyst activity on December 06, 2021, when Goldman downgraded its rating to a Neutral and also revised its price target to $14.50 from $15.50. Previously, Macquarie upgraded its rating to Outperform on December 03, 2021, and kept the price target unchanged to $17. On November 08, 2021, upgrade upgraded it’s rating to Buy and revised its price target to $17 on the stock. JP Morgan started tracking the stock assigning a Overweight rating and suggested a price target of $13 on April 08, 2021. Macquarie initiated its recommendation with a Neutral and recommended $13 as its price target on March 08, 2021. Deutsche Bank started tracking with a Hold rating for this stock on June 08, 2020, and assigned it a price target of $11.

Accel Entertainment Inc experienced fluctuations in its stock price throughout the past year between $9.37 and $12.05. Currently, Wall Street analysts expect the stock to reach $14.75 within the next 12 months. Accel Entertainment Inc [NYSE: ACEL] shares were valued at $12.20 at the most recent close of the market. An investor can expect a potential return of 20.9% based on the average ACEL price forecast.

Analyzing the ACEL fundamentals

Trailing Twelve Months sales for Accel Entertainment Inc [NYSE:ACEL] were 1.20B which represents 5.73% growth. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.24 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.75.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.55 points at the first support level, and at 10.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.73, and for the 2nd resistance point, it is at 13.26.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Accel Entertainment Inc [NYSE:ACEL] is 3.05. On the other hand, the Quick Ratio is 2.98, and the Cash Ratio is 2.41. Considering the valuation of this stock, the price to sales ratio is 0.85, the price to book ratio is 4.84 and price to earnings (TTM) ratio is 21.65.

Transactions by insiders

Recent insider trading involved Andrew Rubenstein, Officer, that happened on Jul 31 ’24 when 0.26 million shares were purchased. Director, Ruttenberg David W. completed a deal on Jul 25 ’24 to sell 7920.0 shares. Meanwhile, Director Ruttenberg David W. sold 2921.0 shares on Jul 24 ’24.

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