Aristocrat, Light & Wonder, & 888 Holdings are the top performers in the latest Gambling Share Prices 2023 – Issue 19! (Image by Mohamed Hassan from Pixabay)
Most of the iGaming stocks covered in this report have started the month of September in the red.
There are many factors that affect the daily movement of these stocks: macroeconomic data, new legislation/regulations, casino company partnerships, inflation, interest rates, world events, company acquisitions, etc., the list is endless.
Internally, these companies try to manage the factors within their control, such as management, performance, analysis of competitor data and gaming data, investor sentiment, expansion through acquisitions, managing risk/debt, technology, etc. All of these factors come into play when investors research these iGaming stocks with the context of ‘the more knowledge you have, the better your financial decisions’… but much of this is perceived risk.
The stocks listed below are all well-respected companies, but many have suffered from a decline in stock price due to a failure in one or more of these factors. All of these circumstances influence sales and investor sentiment. Market expectations of a specific stock can lead to optimistic growth regarding future EPS and revenue, but company hype can only take a troubled stock so far. Companies need to continue to expand regions/revenue streams, advanced RNG metrics and branding in the industry, over the long term. This approach seems to be a winning process for successful companies in the iGaming industry.
This week the report will examine the stock movements of the Playtech software provider’s stock PTEC, Evolution, Aristocrat, Light & Wonder, 888 Holdings and Inspired Entertainment and where they may be headed.
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 released their H1 financial report on September 7th to mixed reviews. While it spiked up on the release, it has come off sharply and is currently trading at 513.50 GBX. Playtech has come off year-to-date lows since the end of August, but the bears continue to pressure the stock and push it down. The company has strong support at 510 GBX, with the next support level at 508 GBX. The report stated that EBIT (profit) decreased by 23%, with revenues up in the single digits at 8.5%. The company stated they were still on track to deliver an EBITDA to beat analysts’ expectations for the entire year. The company has a long way to go to hit its yearly high of 640 GBX.
Current Price: 513.50 GBX
3 Jan 2023 Open: 506.50 GBX
2023 Performance
+7.00 GBX (+1.38%)
Aristocrat – (ALL)
- Aristocrat started off September with a bang as it hit a yearly high of 41.85 AUD. ALL is up a respectable 14% over 12 months and looks poised to hit higher highs. The company continues to secure key partnerships in the industry and innovate through technological advancements. ALL has maintained a strong focus on mathematical metrics through their design studios for their slot machines and as a result are market leader. The stock is trading at AUD 40.81 with resistance at AUD 41.85 and strong support at AUD 39.96.
Current Price: 40.81 AUD
3 Jan 2023 Open: 30.66 AUD
2023 Performance
+10.15 AUD (+33.11%)
Light & Wonder – (LNW)
- Light & Wonder continues to outperform similar companies in the iGaming industry. The stock is up 48% since last year and 33% since January, achieving new share price highs. Through a combination of acquisitions in key regions and industry popular games, LNWs’ growth metrics keep improving, specifically in the U.S. With the addition of SciPlay in New Zealand this metric could shift to the Australasia region in the coming year. LNW is currently trading at USD 77.58, just off a yearly high of USD 78.64, which was realised last week.
Current Price: 77.58 USD
3 Jan 2023 Open: 56.95 USD
2023 Performance
+20.63 USD (+36.16%)
888 Holdings – (888.L)
- 888 Holdings has made a miraculous recovery since the Middle Eastern VIP money laundering scandal last January. The stock is up 42% and continues to break through yearly highs. The latest yearly high was achieved on September 4th when the stock hit 133.90 GBX but has come off and is currently trading at 125.30 GBX. Market analysts continue to upgrade their targets as they are confident that 888 will continue to push up to new highs.
Current Price: 125.30 GBX
3 Jan 2023 Open: 84.60 GBX
2023 Performance
+40.70 GBX (+48.15%)
Evolution – (EVO)
- Evolution has remained flat since the last report, with slight fluctuation either way. After releasing mixed H1 results last month, the stock dropped but regained some of those losses. EVO is still in positive territory for the past 12 months at 13.5% but investors seem to have lost confidence in the company. After hitting a yearly high of 1,479 SEK on June 2nd, the share price has come off 19%. The stock is currently trading at 1,191.60 SEK and has strong support at 1,159 SEK and resistance at 1,210 SEK.
Current Price: 1,191.60 SEK
3 Jan 2023 Open: 1,028.00 SEK
2023 Performance
+163.60 SEK (+15.92%)
Inspired Entertainment – (INSE)
- The INSE share price was boosted by mixed Q2 financial results last month but has dropped almost 8% since the last report. The share price currently trades at 12.41 USD and appears to be breaking down, although the stock has strong support at 12.17 USD. If it breaks down past this level, the next support level is at 11.75 USD and could hit lower lows.
Current Price: 12.41 USD
3 Jan 2023 Open: 12.85 USD
2023 Performance
-0.44 USD (-3.43%)
Disclaimer: The prices in the report are valid as of the time of research. Please do not use the information here as investment advice. This report is for casino players that want to bet with brands in good financial health, many of which you will find mentioned on the Casinoplusbonus best real money casino sites guide. See step 1 in the report for major online casinos.
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