The stock of NYX Gaming Group Ltd (CVE:NYX) reached all time low today, Nov, 15 and still has $1.28 target or 13.00% below today’s $1.47 share price. This indicates more downside for the $154.77 million company. This technical setup was reported by Barchart.com. If the $1.28 PT is reached, the company will be worth $20.12 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 2.22 million shares traded hands or 501.59% up from the average. NYX Gaming Group Ltd (CVE:NYX) has risen 6.00% since October 16, 2016 and is uptrending. It has outperformed by 2.07% 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. NYX Gaming Group Ltd has been the topic of 5 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Thursday, November 26 by National Bank Canada. The firm has “Buy” rating given on Monday, August 10 by Canaccord Genuity. Mackie downgraded the stock to “” rating in Wednesday, November 25 report.
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 $154.77 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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