What’s NYX Gaming Group Ltd Downside After Reaching 52-Week Low?

 What's NYX Gaming Group Ltd Downside After Reaching 52 Week Low?

The stock of NYX Gaming Group Ltd (CVE:NYX) hit a new 52-week low and has $1.29 target or 14.00% below today’s $1.50 share price. The 5 months bearish chart indicates high risk for the $157.93 million company. The 1-year low was reported on Nov, 15 by Barchart.com. If the $1.29 price target is reached, the company will be worth $22.11 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 1.19M shares traded hands or 222.48% 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. $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. The stock has “Buy” rating given by Canaccord Genuity on Monday, August 10. As per Thursday, November 26, the company rating was maintained by National Bank Canada. The stock of NYX Gaming Group Ltd (CVE:NYX) earned “” rating by Mackie on Wednesday, November 25.

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 $157.93 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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