Scientific Games Corporation (NASDAQ:SGMS) has a beta value of 2.09 and has seen 861,467 shares traded in the last trading session. The company, currently valued at $3.69 Billion, closed the last trade at $38.74 per share which meant it lost -$0.61 on the day or -1.55% during that session. The SGMS stock price is -7.74% off its 52-week high price of $41.74 and 90.29% above the 52-week low of $3.76. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.56 Million shares traded. The 3-month trading volume is 2.58 Million shares.
The consensus among analysts is that Scientific Games Corporation (SGMS) is an Overweight stock at the moment, with a recommendation rating of 2.6. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 3 out of 8 have rated it as a Hold, with 4 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.35.
Scientific Games Corporation (NASDAQ:SGMS) trade information
Despite being -1.55% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Friday, Nov 20 when the SGMS stock price touched $40.26- or saw a rise of 3.78%. Year-to-date, Scientific Games Corporation shares have moved 44.66%, while the 5-day performance has seen it change 13.31%. Over the past 30 days, the shares of Scientific Games Corporation (NASDAQ:SGMS) have changed 14.34%. Short interest in the company has seen 5.86 Million shares shorted with days to cover at 2.27.
Wall Street analysts have a consensus price target for the stock at $36.63, which means that the shares’ value could jump -5.45% from current levels. The projected low price target is $9 while the price target rests at a high of $50. In that case, then, we find that the current price level is +29.07% off the targeted high while a plunge would see the stock lose -76.77% from current levels.
Scientific Games Corporation (SGMS) estimates and forecasts
Figures show that Scientific Games Corporation shares have outperformed across the wider relevant industry. The company’s shares have gained +159.39% over the past 6 months, with this year growth rate of 280.71%, compared to -2.6% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 23.9% and 88.8% for the next quarter. Revenue growth from the last financial year stood is estimated to be -20.9%.
9 analysts offering their estimates for the company have set an average revenue estimate of $728.56 Million for the current quarter. 7 have an estimated revenue figure of $747.84 Million for the next quarter concluding in March 01, 2021. Year-ago sales stood $863Million and $725Million respectively for this quarter and the next, and analysts expect sales will grow by -15.6% for the current quarter and 3.2% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +12.8% over the past 5 years. Earnings growth for 2020 is a modest +63.9%.
Scientific Games Corporation (NASDAQ:SGMS)’s Major holders
Insiders own 6.2% of the company shares, while shares held by institutions stand at 82.55% with a share float percentage of 88.01%. Investors are also buoyed by the number of investors in a company, with Scientific Games Corporation having a total of 272 institutions that hold shares in the company. The top two institutional holders are Caledonia (Private) Investments Pty Ltd with over 9.38 Million shares worth more than $327.5 Million. As of September 29, 2020, Caledonia (Private) Investments Pty Ltd held 9.86% of shares outstanding.
The other major institutional holder is Fine Capital Partners, L.P., with the holding of over 9.11 Million shares as of September 29, 2020. The firm’s total holdings are worth over $318.06 Million and represent 9.57% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF. As of June 29, 2020, the former fund manager holds about 1.69% shares in the company for having 1607687 shares of worth $24.85 Million while later fund manager owns 1.46 Million shares of worth $50.94 Million as of September 29, 2020, which makes it owner of about 1.53% of company’s outstanding stock.