Investors Getting Picky When It Comes To Buying PlayAGS Inc (AGS)

PlayAGS Inc (NYSE:AGS) does about 476.96K shares in volume on a normal day but saw 1207637 shares change hands in Tuesday’s trading. The company now has a market cap of 451.70M USD. Its current market price is $11.45, marking an increase of 0.35% compared to the previous close of $11.41. The 52 week high reached by this stock is $11.51 whilst the lowest price level in 52 weeks is $5.10.

PlayAGS Inc (AGS) has a 20-day trading average at $9.20 and the current price is -0.52% off the 52-week high compared with 124.67% distance from its 52-week low. The 50-day simple moving average of the closing price is $9.07 and its 200-day simple moving average is $7.98. If we look at the stock’s price movements over the week, volatility stands at 3.68%, which increases to 3.78% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 74.90 to suggest the stock is overbought.

The consensus objective for the share price is $13.38, suggesting that the stock has a potential upside of 14.42% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 05, 2024 when B. Riley Securities resumed the stock to “Buy” and issued a price target of $16. Jefferies upgraded its price target at $7-$10.

PlayAGS Inc (AGS) stock is up 33.14% over the week and 29.09% over the past month. Its price is 35.82% year-to-date and 116.04% over the past year.

To reach the target analysts have set, the stock logically needs to grow 14.42 percent from here.

The company has a return on investment of 0.83% and return on equity of 7.99%. The price to earnings ratio (P/E ratio) amounts to 87.74 while the forward price to earnings ratio is 19.25. The beta has a value of 2.40. Price to book ratio is 6.18 and price to sales ratio is 1.22.