Everi Holdings Inc (EVRI): A Great Stock For Handling Current Market Conditions?

Currently, there are 86.40M common shares owned by the public and among those 83.52M shares have been available to trade.

The company’s stock has a 5-day price change of 1.75% and 2.79% over the past three months. EVRI shares are trading 3.55% year to date (YTD), with the 12-month market performance up to 67.54% higher. It has a 12-month low price of $6.37 and touched a high of $13.85 over the same period. EVRI has an average intraday trading volume of 1.16 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.27%, 2.22%, and 6.21% respectively.

Institutional ownership of Everi Holdings Inc (NYSE: EVRI) shares accounts for 85.82% of the company’s 86.40M shares outstanding.

It has a market capitalization of $1.21B and a beta (3y monthly) value of 1.31. The stock’s trailing 12-month PE ratio is 82.05, while the earnings-per-share (ttm) stands at $0.17. The company has a PEG of 1.72 and a Quick Ratio of 0.98 with the debt-to-equity ratio at 3.83. Price movements for the stock have been influenced by the stock’s volatility, which stands at 0.53% over the week and 0.95% over the month.

Earnings per share for the fiscal year are expected to increase by 50.48%, and 47.46% over the next financial year. EPS should grow at an annualized rate of 47.74% over the next five years, compared to -3.97% over the past 5-year period.

Looking at the support for the EVRI, a number of firms have released research notes about the stock. B. Riley Securities stated their Neutral rating for the stock in a research note on April 05, 2024, with the firm’s price target at $12. ROTH Capital coverage for the Everi Holdings Inc (EVRI) stock in a research note released on April 05, 2022 offered a Buy rating with a price target of $28. B. Riley Securities was of a view on April 28, 2021 that the stock is Buy, while Stifel gave the stock Buy rating on December 10, 2020, issuing a price target of $16. BTIG Research on their part issued Buy rating on September 09, 2020.

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