In a filing, PlayAGS Inc. revealed its Director CHIBIB ADAM acquired Company’s shares for reported $11600.0 on May 17. In the deal valued at $5.80 per share,2,000 shares were bought. As a result of this transaction, CHIBIB ADAM now holds 40,122 shares worth roughly $ 0.27 million.
Then, Massion Anna bought 5,000 shares, generating $29,980 in total proceeds. Upon buying the shares at $6.00, the Director now owns 39,036 shares.
Before that, AP Gaming VoteCo, LLC sold 8,208,076 shares. PlayAGS Inc. shares valued at $41,040,380 were divested by the 10% Owner at a price of $5.00 per share. As a result of the transaction, AP Gaming VoteCo, LLC now holds 0 shares, worth roughly $0.0.
Jefferies upgraded its PlayAGS Inc. [AGS] rating to a Buy from a a Hold in a research note published on Friday, May 15, 2023; the price target was increased to $10 from $7. PT values the company’s stock at a premium of 32.7 to its Friday closing price.
Price Performance Review of AGS
On Friday, PlayAGS Inc. [NYSE:AGS] saw its stock fall -1.46% to $6.73. On the same session, the stock had its day’s lowest price of $6.72, but rose to a high of $6.9019. Over the last five days, the stock has gained 4.50%. PlayAGS Inc. shares have risen nearly 31.96% since the year began. Nevertheless, the stocks have fallen -8.56% over the past one year. While a 52-week high of $8.28 was reached on 08/07/23, a 52-week low of $4.38 was recorded on 05/10/23. SMA at 50 days reached $6.51, while 200 days put it at $6.02. A total of 0.15 million shares were traded, compared to the trading of 0.22 million shares in the previous session.
Levels Of Support And Resistance For AGS Stock
The 24-hour chart illustrates a support level at 6.67, which if violated will result in even more drops to 6.60. On the upside, there is a resistance level at 6.85. A further resistance level may holdings at 6.97. The Relative Strength Index (RSI) on the 14-day chart is 50.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.95%. Stochastics %K at 42.08% indicates the stock is a holding.
How much short interest is there in PlayAGS Inc.?
A steep rise in short interest was recorded in PlayAGS Inc. stocks on Aug 14, 2023, dropping by -0.25 million shares to a total of 1.02 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.27 million shares. There was a decline of -24.51%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.73% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.63.
PlayAGS Inc. [AGS] – Who Are The Largest Shareholders?
In filings from ArrowMark Colorado Holdings LLC, it is revealed that the company now owns 3,363,663 shares, or roughly 8.87% of the outstanding AGS shares. In other words, the investor’s shares have risen by 226,388 from its previous 13-F filing of 3137275.0. Additionally, BlackRock Fund Advisors increased 213.33% of its stake after which the total value it holdings stand at $15,057,905, while Brigade Capital Management LP added 86.73% of its stake to hold $12.49 million in the firm. Over the last quarter, The Vanguard Group, Inc. purchased 171,851 shares of PlayAGS Inc., while Columbia Management Investment Ad bought 36,163 shares. At present, Renaissance Technologies LLC is holding 1,327,542 shares valued at $8.79 million. Marshall Wace LLP owned 1,260,299 shares of the company at the time of its most recent 13F filing, worth $8.34 million.
According to FactSet, PlayAGS Inc.’s share price will average $11.60 in the next year, based on opinions of analysts polled by the firm. This is up nearly 61.05 percent from its previous closing price of $6.83. Analysts expect PlayAGS Inc. stock to reach the higher price of $14.00, while the lowest price estimate is $10.00. However, 5 analysts have rated AGS stock as a Buy in their predictions for 2023.