It’s still a bull thesis, just subverted: PlayAGS Inc (AGS)

A share price of PlayAGS Inc [AGS] is currently trading at $11.33, down -1.05%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AGS shares have lost -0.87% over the last week, with a monthly amount drifted -0.35%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, JMP Securities started tracking the stock with Mkt Outperform rating on September 07, 2023, and set its price target to $11. On May 15, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $10 on the stock. B. Riley Securities initiated its recommendation with a Buy and recommended $21 as its price target on June 11, 2021. Truist upgraded its rating to Buy for this stock on May 07, 2021, but kept the price target unchanged to $12. In a note dated January 19, 2021, Jefferies downgraded an Hold rating on this stock but restated the target price of $7.

PlayAGS Inc experienced fluctuations in its stock price throughout the past year between $6.27 and $11.75. Currently, Wall Street analysts expect the stock to reach $13.17 within the next 12 months. PlayAGS Inc [NYSE: AGS] shares were valued at $11.33 at the most recent close of the market. An investor can expect a potential return of 16.24% based on the average AGS price forecast.

Analyzing the AGS fundamentals

Trailing Twelve Months sales for PlayAGS Inc [NYSE:AGS] were 369.33M which represents 15.39% growth. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.08 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 7.39.

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 11.24 points at the first support level, and at 11.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.44, and for the 2nd resistance point, it is at 11.54.

Ratios To Look Out For

To put it in perspective, the Current Ratio for PlayAGS Inc [NYSE:AGS] is 3.38. In addition, the Quick Ratio stands at 2.60 and the Cash Ratio stands at 0.87. Considering the valuation of this stock, the price to sales ratio is 1.23, the price to book ratio is 6.12 and price to earnings (TTM) ratio is 86.82.

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