Everi Holdings Inc. (EVRI) on Focus After Forming Wedge Up Chart Pattern

December 7, 2017 - By Winifred Garcia

The stock of Everi Holdings Inc. (EVRI) formed an up wedge with $8.62 target or 8.00 % above today’s $7.98 share price. The 9 months wedge indicates low risk for the $537.59M company. If the $8.62 price target is reached, the company will be worth $43.01M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 5.42% or $0.41 during the last trading session, reaching $7.98. About 655,059 shares traded. Everi Holdings Inc. (NYSE:EVRI) has risen 473.33% since December 8, 2016 and is uptrending. It has outperformed by 456.63% the S&P500.

Analysts await Everi Holdings Inc. (NYSE:EVRI) to report earnings on March, 13. They expect $-0.09 earnings per share, up 91.67 % or $0.99 from last year’s $-1.08 per share. After $-0.06 actual earnings per share reported by Everi Holdings Inc. for the previous quarter, Wall Street now forecasts 50.00 % negative EPS growth.

Everi Holdings Inc. (NYSE:EVRI) Ratings Coverage

Among 4 analysts covering Everi Holdings (NYSE:EVRI), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Everi Holdings had 6 analyst reports since October 2, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, May 6. The rating was upgraded by Telsey Advisory Group on Wednesday, March 15 to “Outperform”. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, May 10 report.

More recent Everi Holdings Inc. (NYSE:EVRI) news were published by: Globenewswire.com which released: “Everi Launches Private Offering of $375.0 Million Senior Unsecured Notes Due 2025” on November 14, 2017. Also Globenewswire.com published the news titled: “Everi Announces Pricing of $375.0 Million 7.50% Senior Unsecured Notes Due 2025” on November 20, 2017. Globenewswire.com‘s news article titled: “Everi Announces Closing of $375.0 Million 7.50% Senior Unsecured Notes Due 2025” with publication date: December 05, 2017 was also an interesting one.

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