The stock of NYX Gaming Group Ltd (CVE:NYX) gapped up by $0.01 today and has $1.53 target or 8.00% above today’s $1.42 share price. The 6 months technical chart setup indicates low risk for the $169.87 million company. The gap was reported on Nov, 23 by Barchart.com. If the $1.53 price target is reached, the company will be worth $13.59 million 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 565,875 shares traded hands or 1.59% up from the average. NYX Gaming Group Ltd (CVE:NYX) has risen 6.00% since October 24, 2016 and is uptrending. It has outperformed by 0.67% 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 322.54% above today’s ($1.42) stock price. NYX Gaming Group Ltd has been the topic of 5 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The rating was maintained by Canaccord Genuity on Monday, August 10 with “Buy”. National Bank Canada maintained the shares of NYX in a report on Thursday, November 26 with “Outperform” rating. On Wednesday, November 25 the stock rating was downgraded by Mackie to “”.
Another recent and important NYX Gaming Group Ltd (CVE:NYX) news was published by Marketwatch.com which published an article titled: “NYX Gaming Group Announces Extension to Maturity Date and Partial Conversion …” on November 17, 2016.
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 $169.87 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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