Long Position on SCPL @ $14.50 on 8/3/2020 (Fundamentals)

SciPlay Corporation (SCPL) develops and publishes digital games on mobile and Web platforms worldwide.

The company offers seven games, which include social casino games, such as Jackpot Party Casino, Gold Fish Casino, Hot Shot Casino, and Quick Hit Slots, as well as casual games comprising MONOPOLY Slots, Bingo Showdown, and 88 Fortunes Slots.

Its social casino games include slots-style game play, as well as table games-style game play; and casual games blend slots-style or bingo game play with adventure game features.

The company was formerly known as SG Social Games Corporation and changed its name to SciPlay Corporation in March 2019. SciPlay Corporation was founded in 1997 and is based in Las Vegas, Nevada. 

This stock reported earnings on July 23rd. Sciplay Corp Cl A (SCPL) reported 2nd Quarter June 2020 earnings of $0.27 per share on revenue of $165.6 million. The consensus earnings estimate was $0.26 per share on revenue of $131.5 million. Revenue grew 40.2% on a year-over-year basis.

This stock should continue to move upwards along its "double bottom formation", pushing share prices higher.

Entry point: $14.50

52-week trade range: $5.82 - $16.23

Stop/Loss: $13.75

Target Price: $16.00

Updates

8/4/2020 12:03:18 PM

SCPL closed at $16.39

Position closed on 8/4/2020 at price of $16.39 with a 13.03% gain in 1 days.

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