The stock of NYX Gaming Group Ltd (CVE:NYX) hit a new 52-week low and has $1.31 target or 13.00% below today’s $1.50 share price. The 9 months bearish chart indicates high risk for the $157.62 million company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $1.31 price target is reached, the company will be worth $20.49 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 286,949 shares traded hands. NYX Gaming Group Ltd (CVE:NYX) has risen 6.00% since October 4, 2016 and is uptrending. It has outperformed by 4.79% the S&P500.
NYX Gaming Group Ltd (CVE:NYX) Ratings Coverage
Out of 2 analysts covering NYX Gaming Group Ltd (CVE:NYX), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $6.50 is the highest target while $5.50 is the lowest. The $6 average target is 300.00% above today’s ($1.5) stock price. NYX Gaming Group Ltd has been the topic of 5 analyst reports since August 10, 2015 according to StockzIntelligence Inc. As per Wednesday, November 25, the company rating was downgraded by Mackie. The rating was maintained by Canaccord Genuity with “Buy” on Monday, August 10. National Bank Canada maintained NYX Gaming Group Ltd (CVE:NYX) rating on Thursday, November 26. National Bank Canada has “Outperform” rating and $5.50 price target.
More recent NYX Gaming Group Ltd (CVE:NYX) news were published by: Prnewswire.com which released: “NYX Gaming Group Limited Reports Second Quarter Financial Results” on August 27, 2015. Also Prnewswire.com published the news titled: “NYX Gaming Group Limited receives final approval by the Division of Gaming …” on July 24, 2015. Prnewswire.com‘s news article titled: “NYX Gaming Group Limited Reports First Quarter Financial Results” with publication date: May 28, 2015 was also an interesting one.
NYX Gaming Group Limited is a digital gaming software supplier engaged in the design, development, manufacture and distribution of digital gaming solutions for interactive, social and mobile gaming around the world. The company has a market cap of $157.62 million. The Firm provides a suite of gaming solutions, a distribution platform, full gaming process support services, brand and player management, and both Real Money Gaming and social gaming services and products. It currently has negative earnings. The Firm operates through the diversified gaming solutions segment.
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