NeoGames partners with BIG Brazil for its Caesars Brazil brand, ahead of market opening
| NGMSDelisted Stock | USD 27.09 0.15 0.55% |
Slightly above 62% of Neogames' investor base is looking to short. The analysis of current outlook of investing in Neogames SA suggests that many traders are alarmed regarding Neogames' prospects. Neogames' investing sentiment can be driven by a variety of factors including economic data, Neogames' earnings reports, geopolitical events, and overall market trends.
Neogames |
As part of the agreement, the NeoGames offering will provide a complete online gaming and sports betting solution for the operators Caesars Brazil brandLUXEMBOURG, April 15, 2024 -- NeoGames S.A , a technology-driven provider of end-to-end iGaming and iLottery solutions, has signed a deal with BIG Brazil to power the operators entry into the countrys newly regulated iGaming market with its Caesars Brazil brand. As part of the deal, NeoGames launch with BIG Braz
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Neogames Fundamental Analysis
We analyze Neogames' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Neogames using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Neogames based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Cash And Equivalents
Cash And Equivalents Comparative Analysis
Neogames is currently under evaluation in cash and equivalents category among its peers. Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Neogames SA Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Neogames stock to make a market-neutral strategy. Peer analysis of Neogames could also be used in its relative valuation, which is a method of valuing Neogames by comparing valuation metrics with similar companies.
Peers
Neogames Related Equities
| EVRI | Everi Holdings | 0.08 |
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| AGS | PlayAGS | 0.18 |
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| CDRO | Codere Online | 0.52 |
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| INSE | Inspired Entertainment | 0.71 |
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| IGT | International Game | 1.28 |
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| CHDN | Churchill Downs | 1.36 |
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| GAMB | Gambling | 1.38 |
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| LNW | Light Wonder | 2.33 |
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| ACEL | Accel Entertainment | 2.87 |
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| CPHC | Canterbury Park | 4.62 |
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Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Other Consideration for investing in Neogames Stock
If you are still planning to invest in Neogames SA check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Neogames' history and understand the potential risks before investing.
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