small-cap

One NYSE-Listed Consumer Services Stock at Resistance Level: Everi Holdings Inc

Jul 29, 2024 | Team Kalkine

Read Time :10 Mins

One NYSE-Listed Consumer Services Stock at Resistance Level: Everi Holdings Inc

EVRI:NYSE

Investment Type

Small-Cap

Risk Level

Action

Rec. Price (US$)

Everi Holdings Inc

Company Overview: Everi Holdings Inc. (NYE: EVRI) is a supplier of imaginative entertainment and technology solutions for the casino and digital gaming industry. The Company develops entertaining game content and gaming machines, gaming systems and services for land-based and iGaming operators. It operates through two segments: Games and Financial Technology Solutions (FinTech).

As per our previous US Daily Report published on ‘EVRI’ on 27^thNovember 2023, Kalkine provided an ‘Buy’ stance on the stock at USD 10.64 based on “decent fundamentals, dividend yield and distribution, associated risks, other key financial and operating highlights, and valuation” and the stock price has now moved by ~20.48% since then and has attained resistance 1 and resistance 2.

Noted below are the details of support and resistance levels provided in our previous report:

EVRI’s Daily Chart

Considering the current trading levels, resistance 1 and resistance 2 attainment, risks associated, and volatile market conditions on the back of higher interest rates, an ‘Sell’ rating is assigned to the “EVRI” at the closing market price of USD 12.82 (as of 26 July 2024).

Note: This report may be updated with details around fundamental and technical analysis, price/ chart in due course, as appropriate

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is July 26, 2024. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level that the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the New York Stock Exchange (NYSE), NASDAQ Capital Markets (NASDAQ), and or REFINITIV. Typically, all sources (NYSE, NASDAQ, or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Small-Cap

One NASDAQ- Listed Aerospace & Defense Stock at Decent Technical Levels – ARBE Robotics