Latest iGaming company share prices reported bi-weekly. Plus, yearly stock increase comparison in the Gambling Share Prices 2023 – Issue 18! (Image by Mohamed Hassan from Pixabay)
August is ending, and it’s been a bumpy summer for most of the stocks covered in this report.
It has been a dismal August for investors, which is not unusual and the worst monthly performance since December. Some factors in play for the fall in stock prices are investors are usually on vacation, so trading volumes are lower.
Another is traders historically pull out their profits in August, as September is generally the worst month of the year. A lot of negative news out of China: retail sales are down, and real estate is tanking.
The most significant pressure in the market is that the Fed will keep lending rates high… and longer than expected. The high rates are meant to keep inflation under control, which is 6% lower than last year.
This week’s report will shed some light on Playtech, Evolution, Aristocrat, Light & Wonder, 888 Holdings and Inspired Entertainment and how the above factors have affected the stocks.
Gambling Company Share Reports: Roll back in time to 2 weeks ago and compare the share prices now Vs 16 August 2023 in the Gambling Share Prices 2023 – Issue 16 update.
Gambling Share Prices Update
Playtech – (PTEC.L)
- Playtech has been in a downward trend for the last 3 months, with a sharp decline in the last 5 weeks. The stock has struggled to stay in positive territory after hitting a yearly high in May of 640 GBX. PTEC is currently trading at 516.50 GBX and has resistance at 521 GBX. Many analysts see this as a buying opportunity as it is just off its year-to-date low of 508 GBX. The stock tested 510 GBX a few times in August but has strong support at 508 GBX, signalling a buy. To dive deeper into Playtech and other stock market listed iGaming firms and game developers, head to the best casino page section 3 – online casino software.
Current Price: 516.50 GBX
3 Jan 2023 Open: 506.50 GBX
2023 Performance
+10.00 GBX (+1.97%)
Aristocrat – (ALL)
- While all the major indices worldwide were down 3 to 4.5% in the last 2 weeks, Aristocrat has held up well, contrary to the overall selling pressure in the market. ALL is down 1.6% since the last report and has opened up in the last 2 trading sessions, exhibiting strong resistance against market forces. ALL continues to sign partnerships and expand its existing territories (Skill Master Pro in the U.S.), while investing in technology, explicitly iGaming computer chips. The long-term investment will enhance their slots, online casinos and video poker divisions. This progressive company is up 33% since January and currently trades at 40 AUD, outpacing the tech-centric Nasdaq by 3%.
Current Price: 40.00 AUD
3 Jan 2023 Open: 30.66 AUD
2023 Performance
+9.44 AUD (+30.46%)
Light & Wonder – (LNW)
- Light & Wonder got a pump in share price when they announced a private offering of 550m USD in senior unsecured notes due in 2031. The company has also had a boost from positive earning data released on August 8th. Analysts have forecasted that LNW will continue to deliver strong performance in the following quarters, with a strong EPS target of 0.95 USD. There has been some insider buying and selling by company directors, one selling 25,500 shares and another buying 10,000 shares, which may signal future trading trends. The stock price is trading at 76.92 USD, up 2.6% since the last report.
Current Price: 76.92 USD
3 Jan 2023 Open: 56.95 USD
2023 Performance
+35.07 USD (32.61%)
888 Holdings – (888.L)
- After releasing mixed Q2 financial data on 15 August (revenue/EPS below expectations), the stock has jumped almost 14%. The company has reduced its debt, appointed a new CEO, will announce a new CFO shortly and reduced its cost of operations. Market analysts see a substantial upside in this stock as it continues to revise its business strategies as we advance. One firm has a target of 190 GBX for the year! All this positive news had driven the price of 888 to a new year-to-date high of 133.10 GBX on August 24th. The share price opened up today and is currently trading at 126.37 GBX. You can also find our latest news covering 888Casino here.
Current Price: 126.37 GBX
3 Jan 2023 Open: 84.60 GBX
2023 Performance
+41.77 GBX (+49.37%)
Evolution – (EVO)
- Evolution is down almost 3% since the last report and trades at 1,187 SEK. The share price started to slide after releasing their Q2 financial data at the end of June. Investors did not receive The report well because the RNG numbers were in single digits, causing the stock to drop. Analysts feel that the company’s current valuation does not reflect the actual share price as the core of EVO’s business is growing, albeit at a slower pace than expected. The company has maintained stable growth since 2022, with revenue rising 33%, and this stock may turn around in the coming weeks. EVO has tested the 1,168 SEK range a few times but has failed to break down past this level, signalling that the bulls may be taking over.
Current Price: 1,187.00 SEK
3 Jan 2023 Open: 1,028.00 SEK
2023 Performance
+159.00 SEK (15.47%)
Inspired Entertainment – (INSE)
- INSE has struggled since the beginning of June. The share price has fallen 20% from June and has dropped a marginal 1% in the last 2 weeks. The firm posted poor Q2 results earlier in August, missing the EPS by 0.09 USD, causing a selloff. The company has completed a share buyback, which generally boosts the share price and generates additional shareholder value. The purchase of just over 1m shares did very little to improve the share value as investors seem averse to INSE now… with one exception. Russell Investments has purchased 103,465 shares, doubling its investment in INSE. This move could ‘inspire’ other investors to make a punt on a relatively attractive share price. INSE opened down today but finished in positive territory and is currently trading at 12.48 USD.
Current Price: 12.48 USD
3 Jan 2023 Open: 12.85 USD
2023 Performance
-0.37 USD (-2.88%)
Disclaimer: The information on this page is not investment advice. Please consult financial experts and news sites that specialise in financial analysis.
Leave A Comment