EVRI Long Idea
Everi Holdings Inc provides entertainment and technology solutions for the casino, interactive, and gaming industry. It operates in two segments namely Games and FinTech. Everi Games provides gaming operators with gaming technology products and services which include gaming machines, slot machines, leased gaming equipment, and other products and services. Everi FinTech provides gaming operators with financial technology products and services which includes services and equipment that facilitate casino patron's to access cash at gaming facilities through automated teller machines, point of sale debit card purchase and others.
From a fundamental side, EVRI looks a little messy; the company is unprofitable, but has reduced losses over the past 5 years at a rate of 35.1% per year. Regardless, it's sitting on a P/E ratio of -12.3x and a P/B ratio of -72.2, so things are not looking too hot.
But why has this stock been consistently bullish ever since the COVID sell-off faded away (Even prior to the COVID sell-off, EVRI was trending bullishly since mid-2016)? A lot of investors see future potential for EVRI in the next 1-3 years due to the recent popularity in online casinos.
But, the technical are telling us that a wonderful longing opportunity may be approaching us.
Happy trading!
From a fundamental side, EVRI looks a little messy; the company is unprofitable, but has reduced losses over the past 5 years at a rate of 35.1% per year. Regardless, it's sitting on a P/E ratio of -12.3x and a P/B ratio of -72.2, so things are not looking too hot.
But why has this stock been consistently bullish ever since the COVID sell-off faded away (Even prior to the COVID sell-off, EVRI was trending bullishly since mid-2016)? A lot of investors see future potential for EVRI in the next 1-3 years due to the recent popularity in online casinos.
But, the technical are telling us that a wonderful longing opportunity may be approaching us.
Happy trading!
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