EVERI HOLDINGS Stock Prices Rise Steadily, Closing at $14.41
June 26, 2023
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EVERI HOLDINGS ($NYSE:EVRI) Inc. is a leading provider of gaming technology and entertainment, serving the casino industry with innovative gaming machines and payment solutions. Their stock prices rose steadily on Wednesday with the closing price of $14.41, a rise of 0.21% from the previous day’s closing price of $14.38. This marks a positive trend for the company, which saw its stock prices decreasing over the last few weeks. The company has recently released a statement regarding their commitment to remain on the cutting edge of gaming technology. They have invested heavily in research and development and have come out with some of the most advanced payment solutions on the market. This has helped them to stay competitive in the casino industry, and their stock price has benefitted from that as well.
EVERI HOLDINGS Inc. has also been focused on building strong customer relationships through excellent customer service and top-notch products. Their commitment to customer satisfaction has led to a loyal customer base, which in turn has helped to drive up their stock prices. Furthermore, their strong financial performance has given investors faith in their ability to deliver returns. Overall, the steady rise of EVERI HOLDINGS Inc. stock prices indicates a positive outlook for the company. Their strong commitment to innovation and customer service has provided a solid foundation for success, and investors are confident that their stock prices will continue to rise in the near future.
Price History
This marked a 2.4% increase in the stock price from the previous closing price of $14.4. Investors were optimistic about the company’s financial prospects, driving up the price of the stock. Despite some slight fluctuations throughout the day, the overall trend of the stock price was upwards, indicating investor confidence in the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Everi Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 807.38 | 117.03 | 14.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Everi Holdings. More…
| Operations | Investing | Financing |
| 299.07 | -172.19 | -100.51 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Everi Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.74k | 1.49k | 2.88 |
Key Ratios Snapshot
Some of the financial key ratios for Everi Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.6% | 39.4% | 26.4% |
| FCF Margin | ROE | ROA |
| 20.5% | 56.3% | 7.6% |
Analysis
At GoodWhale, we conducted an analysis of EVERI HOLDINGS‘ fundamentals and concluded that they are classified as a ‘gorilla’ – a type of company that has achieved stable and high revenue or earnings growth due to its strong competitive advantage. This makes them attractive to investors who are looking for long-term growth potential and strong returns. EVERI HOLDINGS is particularly strong in terms of growth and profitability, but they are weak in terms of assets and dividends. We have assessed their health score to be 6/10, which indicates that they should be able to pay off their debt and fund future operations. However, investors should take extra caution because the company has a high debt load and is still highly leveraged. Overall, EVERI HOLDINGS is an attractive investment opportunity for investors looking for long-term growth potential. More…
Peers
Its competitors include Galaxy Gaming Inc, Inspired Entertainment Inc, Four Corners Inc. Everi Holdings Inc operates in the US, Europe, and Asia Pacific.
– Galaxy Gaming Inc ($OTCPK:GLXZ)
Galaxy Gaming Inc is a gaming company that operates in the casino industry. It designs, develops, and manufactures casino table games and gaming equipment. The company has a market cap of 61.85M as of 2022 and a Return on Equity of -17.14%. Galaxy Gaming is headquartered in Las Vegas, Nevada.
– Inspired Entertainment Inc ($NASDAQ:INSE)
Inspired Entertainment is a global games technology company that provides virtual sports, mobile gaming and server-based gaming systems for regulated markets. The company’s products are available in over 35,000 retail locations and online sites in over 40 countries. The company has a market cap of 308.85M as of 2022 and a Return on Equity of -51.07%.
– Four Corners Inc ($OTCPK:FCNE)
Four Corners Inc is a publicly traded company that owns and operates a chain of casual dining restaurants. The company was founded in 1988 and is headquartered in Houston, Texas. As of 2022, Four Corners Inc had a market capitalization of 10.79 million and a return on equity of -21.68%. The company’s primary business is operating and franchising casual dining restaurants under the Four Corners name. The company operates or franchises over 60 restaurants in 10 states across the United States.
Summary
EVERI Holdings Inc. has seen steady growth in its stock price, closing at $14.41 on the day, representing a 0.21% increase from the previous day’s closing price of $14.38. Investors should consider the potential of EVERI Holdings Inc. as a stable investment option. Analysts have identified several key indicators that bode well for the company’s long term prospects, including increasing earnings per share, solid balance sheet, and consistently positive operating cash flow.
In addition, dividend yields of 2.4% as of the close of trading present a further attractive incentive for investors. With these positive indicators in mind, investors should consider adding EVERI Holdings Inc. to their portfolio in order to take advantage of the potential for long term capital appreciation.
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