What is the best trade option for Accel Entertainment Inc (ACEL) stock?

Accel Entertainment Inc [ACEL] stock is trading at $11.49, up 1.14%. An important factor to consider is whether the stock is rising or falling in short-term value. The ACEL shares have lost -0.43% over the last week, with a monthly amount glided 9.95%, 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 [ACEL] stock has fluctuated between $9.37 and $12.61 over the past year. 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 $11.49 at the most recent close of the market. An investor can expect a potential return of 28.37% based on the average ACEL price forecast.

Analyzing the ACEL fundamentals

Accel Entertainment Inc [NYSE:ACEL] reported sales of 1.20B for the trailing twelve months, which represents a growth of 5.73%. 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 11.33 points at the first support level, and at 11.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.64, and for the 2nd resistance point, it is at 11.79.

Ratios To Look Out For

For context, Accel Entertainment Inc’s Current Ratio 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 0.79, the price to book ratio is 4.56 and price to earnings (TTM) ratio is 20.39.

Transactions by insiders

Recent insider trading involved Ruttenberg David W., Director, that happened on Aug 15 ’24 when 12500.0 shares were sold. Director, Ruttenberg David W. completed a deal on Aug 15 ’24 to sell 12500.0 shares. Meanwhile, Director GRANT PLACE FUND LLC bought 25700.0 shares on Aug 15 ’24.

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