Accel Entertainment Inc. (ACEL) shares are trading 5.2% higher after the company reported strong Q4 results.
September 29, 2022
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Accel Entertainment ($NYSE:ACEL), Inc. share prices are up 5.2% after the company released strong fourth quarter results. This beats analyst expectations and is good news for shareholders.
Share Price
On Wednesday, Accel Entertainment Inc. stock opened at $7.8 and closed at $8.0, up by 2.6% from previous closing price of 7.8. Accel Entertainment is a gaming technology company that provides gaming machines and services to licensed establishments in Illinois and Missouri.
VI Analysis
Accel Entertainment is a company with strong long-term potential, as reflected in its fundamentals. The company’s VI Star Chart shows that it is classified as a “gorilla” a type of company that has achieved stable and high revenue or earnings growth due to its strong competitive advantage. High growth companies are deemed more risky as they attempt to grow faster.
However, Accel Entertainment has an intermediate health score of 6/10 with regard to its cashflows and debt, indicating that it might be able to safely ride out any crisis without the risk of bankruptcy. In terms of key financial ratios, Accel Entertainment is strong in growth, medium in asset, profitability and weak in dividend.
Summary
Accel Entertainment Inc. is a leading provider of gaming machines and related services in the United States. Looking ahead, Accel Entertainment seems well-positioned for continued growth. The company’s gaming machines are in high demand, and its services business is growing rapidly. The company’s shares look like a good investment at current levels.
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