Tuesday, May 17, 2022

Golden Entertainment, Inc. (GDEN) Stock Showing Bullish Trend in Aftermarket, Here’s the Reason

Golden Entertainment, Inc. (GDEN), a company that owns and operates a diversified entertainment platform, has soared 9.03% in aftermarket session. Consequently, GDEN was changing hands at $561.3 when last checked. During Friday’s regular trading session, the stock gained a nominal increase of 1.28% and ended the day at $51.48. The surge in aftermarket could be attributed to the company’s joining of S&P SmallCap 600.


Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '22.
Small-cap Uranium stocks are booming in 2022! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here. .

Sponsored


Changes in Index

On Friday, S&P announced several changes in the indexes. The changes were to become effective on the 2nd of March 2022, Golden Entertainment (GDEN) was set to replace Range Resources in S&P SmallCap 600. Range Resources would replace Molina Healthcare in the S&P MidCap 400. Molina Healthcare Inc. in turn was to replace IHS Markit Ltd in the S&P 500 index.

Q4 and FY 2021 Results


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


On the 17th of February, GDEN announced the results for Q4 and FY 2021. The company generated revenue of $282 million during Q4 2021, an increase of 37% versus Q4 2020. The net income for Q4 2021 was $19.1 million (or $0.59 per diluted share) compared to a net loss of $18.5 million (or $0.66 per diluted share). The revenues generated during FY 2021 were $1.1 billion, an increase of 58% compared to FY 2020. The adjusted EBITDA for FY 2021 was $291.7 million, an increase of 165% versus FY 2020.

Comments from GDEN CEO

Chairman and Chief Executive Officer of GDEN, Blake Sartini, commented that the tremendous results depict that the company has been successful in navigating the challenges its operations faced throughout the year 2021. The current performance of the company positions it for refinancing the debts as well as accelerating the returning capital to stakeholders.

What’s in Store for GDEN?

Analysts believe that even though GDEN stock holds several positive indicators at this point, they could not be considered enough for making the stock a buy candidate. Hence, currently, the stock should be considered a hold candidate while waiting for further developments.

Latest news

A Few Bright Spots in Tesla Inc. (TSLA)

Tesla's (TSLA) Shanghai facility ceased operations on Monday owing to material shortages, according to Reuters. Furthermore, demand for Tesla electric vehicles decreased drastically in...

A Closer Look at DocuSign Inc.’s (DOCU) Growth Curve

DocuSign Inc. (NASDAQ: DOCU), a software firm that creates an electronic signature and verification solutions, is presently trading more than 70% below its 52-week...

One Of The Good Ones: Enphase Energy Inc. (ENPH)

Enphase Energy, Inc. (NASDAQ: ENPH), a maker of inverters, released its first-quarter 2022 results. Enphase set a new sales record and outperformed Wall Street...

Riding the Trend or Protecting Profits | AT&T Inc. (T)

AT&T Inc. (NYSE: T), a telecommunications service provider, released its first-quarter earnings last week. The firm claimed a record number of new communication subscribers,...

Related news

A Few Bright Spots in Tesla Inc. (TSLA)

Tesla's (TSLA) Shanghai facility ceased operations on Monday owing to material shortages, according to Reuters. Furthermore, demand for Tesla electric vehicles decreased drastically in...

A Closer Look at DocuSign Inc.’s (DOCU) Growth Curve

DocuSign Inc. (NASDAQ: DOCU), a software firm that creates an electronic signature and verification solutions, is presently trading more than 70% below its 52-week...

One Of The Good Ones: Enphase Energy Inc. (ENPH)

Enphase Energy, Inc. (NASDAQ: ENPH), a maker of inverters, released its first-quarter 2022 results. Enphase set a new sales record and outperformed Wall Street...

Riding the Trend or Protecting Profits | AT&T Inc. (T)

AT&T Inc. (NYSE: T), a telecommunications service provider, released its first-quarter earnings last week. The firm claimed a record number of new communication subscribers,...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

1745

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam