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NeoGames S.A. (NGMS) provides a suite of iLottery technology solutions worldwide.
The company offers various technology platforms, a range of value-added services, and a game studio that provides a portfolio of draw based games and instant tickets through personal computers, smartphones, and handheld devices.
It also develops and operates online lotteries and games that allows lottery operators to distribute lottery products through online sales channels using the company's technology.
In addition, the company offers software development and platforms sub-licensing services; and regulation and compliance, payment processing, risk management, player relationship management, and player value optimization services.
Please note this stock reported earnings on May 13.
Neogames S.A. reported 1st Quarter March 2021 earnings of $0.15 per share on revenue of $13.3 million. The consensus earnings estimate was $0.09 per share on revenue of $15.7 million.
The company said it expects 2021 revenue of $73.0 million to $77.0 million. The company's previous guidance was revenue of $65.0 million to $69.0 million and the current consensus revenue estimate is $67.83 million for the year ending December 31, 2021.
With strong retention rates, this stock should be heading higher out of its "double bottom" formation.
Entry Point: $47.75
Stop Loss: $45.35
Trading Range: $18.67 - $51.99
Target Price: $52.50
NGMS closed at $54.10
