NeoGames (NGMS) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NeoGames in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" NGMS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NGMS, but not buy additional shares or sell existing shares.
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6 brokerages have issued 12 month target prices for NeoGames' stock. Their NGMS share price forecasts range from $14.00 to $22.00. On average, they expect the company's share price to reach $18.75 in the next year. This suggests that the stock has a possible downside of 30.9%.
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NeoGames' stock was trading at $12.19 on January 1st, 2023. Since then, NGMS stock has increased by 122.7% and is now trading at $27.15.
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NeoGames saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 273,000 shares, an increase of 35.8% from the April 30th total of 201,100 shares. Based on an average daily trading volume, of 212,300 shares, the short-interest ratio is presently 1.3 days. Approximately 2.0% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 9th 2023.
View our NGMS earnings forecast.

NeoGames S.A. (NASDAQ:NGMS) issued its quarterly earnings data on Monday, March, 6th. The company reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of ($0.09) by $0.31. The firm had revenue of $69.22 million for the quarter, compared to the consensus estimate of $64.01 million. NeoGames had a negative net margin of 9.38% and a positive trailing twelve-month return on equity of 10.94%.

ETFs with the largest weight of NeoGames (NASDAQ:NGMS) stock in their portfolio include Roundhill Sports Betting & iGaming ETF (BETZ), Pacer BlueStar Digital Entertainment ETF (ODDS) and iShares MSCI Israel ETF (EIS) and

NeoGames issued an update on its FY 2023 earnings guidance on Friday, May, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $235.00 million-$255.00 million, compared to the consensus revenue estimate of $246.06 million.

(NGMS) raised $72 million in an IPO on Thursday, November 19th 2020. The company issued 4,800,000 shares at a price of $14.00-$16.00 per share. Stifel served as the underwriter for the IPO and Macquarie Capital and Truist Securities were co-managers.

NeoGames trades on the NASDAQ under the ticker symbol "NGMS."

NeoGames' stock is owned by many different retail and institutional investors. Top institutional investors include FMR LLC (4.97%), ArrowMark Colorado Holdings LLC (3.71%), Wasatch Advisors LP (2.93%), BlackRock Inc. (2.64%), State Street Corp (0.73%) and Renaissance Technologies LLC (0.56%).

Shares of NGMS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of NGMS stock can currently be purchased for approximately $27.15.

NeoGames (NASDAQ:NGMS) has a market capitalization of $926.90 million and generates $165.70 million in revenue each year. The company earns $-18,970,000.00 in net income (profit) each year or ($0.67) on an earnings per share basis.

The company employs 154 workers across the globe.