After Today’s Gap Up, Is NYX Gaming Group Ltd’s Near-Term Analysis Positive

 After Today's Gap Up, Is NYX Gaming Group Ltd's Near Term Analysis Positive

The stock of NYX Gaming Group Ltd (CVE:NYX) gapped up by $0.02 today and has $3.62 target or 114.00% above today’s $1.69 share price. The 5 months technical chart setup indicates low risk for the $188.36 million company. The gap was reported on Nov, 8 by Barchart.com. If the $3.62 price target is reached, the company will be worth $214.73M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 238,987 shares traded hands. NYX Gaming Group Ltd (CVE:NYX) has risen 6.00% since October 9, 2016 and is uptrending. It has outperformed by 4.04% 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 255.03% above today’s ($1.69) stock price. NYX Gaming Group Ltd has been the topic of 5 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm has “” rating by Mackie given on Wednesday, November 25. National Bank Canada maintained the shares of NYX in a report on Thursday, November 26 with “Outperform” rating. The firm has “Buy” rating given on Monday, August 10 by Canaccord Genuity.

More important 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 article titled: “NYX Gaming Group Ltd. Announces Appointment of Huw Thomas as Chief Corporate …”, Prnewswire.com published: “NYX Gaming Group Limited receives final approval by the Division of Gaming …” on July 24, 2015. More interesting news about NYX Gaming Group Ltd (CVE:NYX) was released by: Prnewswire.com and their article: “NYX Gaming Group Limited Reports First Quarter Financial Results” with publication date: May 28, 2015.

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 $188.36 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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