EVOLUTION GAMING GRO

EVO
Real-time Estimate Quote. Real-time Estimate  - 08/10 11:25:00 am
610.2SEK -4.03%

Evolution Gaming Group AB : The underlying trend is in force again

Jordan Dufee
Analyst

Strategy published on : 07/30/2020 | 03:02

long trade
Live

Entry price : 605SEK
Target : 700SEK
Stop-loss : 550SEK
Potential : 15.7%

Shares in Evolution Gaming Group AB show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems good.
Investors have an opportunity to buy the stock and target the SEK 700.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● According to sales estimates from analysts polled by Standard & Poor's, the company is among the best with regard to growth.

● The group's activity appears highly profitable thanks to its outperforming net margins.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.

● Historically, the company has been releasing figures that are above expectations.

● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 372 SEK


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at SEK 684.

● Based on current prices, the company has particularly high valuation levels.

● The company benefits from high valuations in earnings multiples.

● The company is not the most generous with respect to shareholders' compensation.

MarketScreener.com 2020
Copier lien
Latest news on EVOLUTION GAMING GROUP AB
07/31
07/30
07/23
07/21
07/17