Long Position on SCPL @ $16.00 on 1/11/2021 (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. SciPlay Corporation is a subsidiary of Scientific Games Corporation.

Sciplay Corp reported 3rd Quarter September 2020 earnings of $0.23 per share on revenue of $151.2 million. The consensus earnings estimate was $0.28 per share on revenue of $147.6 million. Revenue grew 29.9% on a year-over-year basis.

This stock has low debt and high returns on equity, which should make it a solid company to invest in.

Entry Point: $16.00

Trading Range: $5.82 - $18.50

Stop Loss: $15.20

Target Price: $17.60

Updates

1/27/2021 10:03:03 AM

Closed at $17.75

Position closed on 1/27/2021 at price of $17.73 with a 10.81% gain in 16 days.

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