What is the price targets for Gnog?
The high price target for GNOG is $27.00 and the low price target for GNOG is $27.00. There are currently 1 buy rating for the stock, resulting in a consensus rating of "Buy."
Will Gnog stock move up in value?
Therefore, assuming both companies should have a similar or fairly similar valuation as the only two online gaming stocks, GNOG should move up in value. This implies that GNOG stock should trade about $33.92 per share or 65% above its price on Jan. 5 ($20.59).
Is GNOG the best online gaming site?
Moreover, GNOG is gaining a reputation as having some of the best “matching” deposit rates. Apparently, if you deposit $1,000, GNOG will match those amounts in matched play up to $20,000. This is going to make online gaming extremely popular in the states where it is approved.
Should I hold GNOG stock?
The consensus among Wall Street research analysts is that investors should "hold" Golden Nugget Online Gaming stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GNOG, but not buy additional shares or sell existing shares.
What will happen to GNOG?
DraftKings announced a deal to acquire GNOG in August 2021. DraftKings pay 0.365 newly issued shares for each common share of Golden Nugget Online Gaming, in a transaction that values the operator at $1.56bn (£1.19bn/€1.42bn).
How much is Golden Nugget stock?
Key Turning Points52-Week High23.24Fibonacci 50%14.01Fibonacci 38.2%11.83Last Price5.7852-Week Low4.771 more row•May 4, 2022
What happened to Golden Nugget stock?
In recent months, the company's stock plummeted to a new 52-week low, prompting Robins to call out people selling his company's stock as people who will “regret that decision more than any other decision you've ever made in your life.”
Is DraftKings buying GNOG?
BOSTON, May 05, 2022 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) today announced the completion of its acquisition of Golden Nugget Online Gaming, Inc. (“Golden Nugget Online Gaming” or “GNOG”) (the “GNOG Acquisition”).
Who is GNOG merging with?
DraftKingsSynergies and Strategic Benefits of the Acquisition The GNOG Acquisition will deliver significant benefits to DraftKings as well as expected synergies of $300 million at maturity. DraftKings will deploy a multi-brand approach that will enhance cross-selling opportunities and drive increased revenue growth.
Is GNOG being shorted?
Short Shares Availability This table shows the number of shares of US:GNOG available to be shorted at a leading prime brokerage.
What is the stock symbol for Golden Corral?
GDENCommon Stock (GDEN)
Should I sell Golden Nugget?
Do Not Sell Them! Use Them for DIY! Gold Nuggets very rarely drop from rocks and can be used in DIY items. Some items can only be obtained through DIY crafting with Gold Nuggets as a material.
Who bought DraftKings?
Fertitta owns 46 percent of Golden Nugget Online Gaming and will join the DraftKings board once the deal closes. Fertitta is a cousin of Red Rock Resorts CEO Frank Fertitta III and Vice Chairman Lorenzo Fertitta and is not involved in the company that controls gaming operator Station Casinos.
Why did DraftKings stock drop?
DraftKings Inc. shares fell their most in almost two years after the company added fewer new customers in the fourth quarter and projected a wider loss this year than Wall Street had expected.
What was GNOG before?
Upon completion of the business combination, Landcadia changed its name to Golden Nugget Online Gaming, Inc. The Company's shares of Class A common stock will commence trading on Nasdaq Stock Market under the ticker symbol "GNOG" on December 30, 2020.
Is GNOG a SPAC?
DraftKings (DKNG) is acquiring Golden Nugget (GNOG) in a $1.56B deal. Expect SPAC market weakness to continue. The 3 SPAC plays investors are making today. Today DraftKings (DKNG), one of the most successful de-SPACs to date, announced it is acquiring Golden Nugget (GNOG) in an all-stock deal.
What was GNOG before merger?
(formerly known as DraftKings Inc.), a Nevada corporation (“Old DraftKings”), and Golden Nugget Online Gaming, Inc., a Delaware corporation (“GNOG”), completed the previously announced merger transactions pursuant to the Agreement and Plan of Merger, dated as of August 9, 2021 (the “Merger Agreement”), by and among ...
Should I buy or sell Golden Nugget Online Gaming stock right now?
2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Golden Nugget Online Gaming in the last twelve months. T...
What is Golden Nugget Online Gaming's stock price forecast for 2022?
2 equities research analysts have issued 12 month target prices for Golden Nugget Online Gaming's stock. Their GNOG stock forecasts range from $27....
How has Golden Nugget Online Gaming's stock price performed in 2022?
Golden Nugget Online Gaming's stock was trading at $9.95 at the beginning of 2022. Since then, GNOG shares have decreased by 41.9% and is now tradi...
Who are Golden Nugget Online Gaming's key executives?
Golden Nugget Online Gaming's management team includes the following people: Mr. Tilman J. Fertitta , Chairman & CEO (Age 65, Pay $75k) Mr. Thom...
Who are some of Golden Nugget Online Gaming's key competitors?
Some companies that are related to Golden Nugget Online Gaming include JFrog (FROG) , EverCommerce (EVCM) , Ping Identity (PING) , Vertex (VERX...
What is Golden Nugget Online Gaming's stock symbol?
Golden Nugget Online Gaming trades on the NASDAQ under the ticker symbol "GNOG."
Who are Golden Nugget Online Gaming's major shareholders?
Golden Nugget Online Gaming's stock is owned by a number of retail and institutional investors. Top institutional investors include Versor Investme...
Which major investors are selling Golden Nugget Online Gaming stock?
GNOG stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Group One Trading L.P., Wolverine...
Which major investors are buying Golden Nugget Online Gaming stock?
GNOG stock was bought by a variety of institutional investors in the last quarter, including Versor Investments LP, Capital Research Global Investo...
Who are some of Golden Nugget Online Gaming's key competitors?
Some companies that are related to Golden Nugget Online Gaming include Zeta Global (ZETA), EverCommerce (EVCM), JFrog (FROG), 3D Systems (DDD), Fastly (FSLY), SolarWinds (SWI), Arqit Quantum (ARQQ), Momo (MOMO), Vertex (VERX), SEMrush (SEMR), Definitive Healthcare (DH), Avant Diagnostics (AVDX), AvidXchange (AVDX), Progress Software (PRGS) and N-able (NABL). View all of GNOG's competitors..
Who are Golden Nugget Online Gaming's major shareholders?
Golden Nugget Online Gaming's stock is owned by many different institutional and retail investors. Top institutional shareholders include Versor Investments LP (5.99%), BlackRock Inc. (3.35%), Millennium Management LLC (2.60%), Alpine Associates Management Inc. (1.67%), JPMorgan Chase & Co. (1.34%) and State Street Corp (0.89%).
What is Golden Nugget Online Gaming's stock price today?
One share of GNOG stock can currently be purchased for approximately $7.98.
How much money does Golden Nugget Online Gaming make?
Golden Nugget Online Gaming has a market capitalization of $624.26 million and generates $91.12 million in revenue each year.
What is Golden Nugget Online Gaming's official website?
The official website for Golden Nugget Online Gaming is www.goldennuggetcasino.com.
Where are Golden Nugget Online Gaming's headquarters?
Golden Nugget Online Gaming is headquartered at 1510 WEST LOOP SOUTH, HOUSTON TX, 77027.
How can I contact Golden Nugget Online Gaming?
Golden Nugget Online Gaming's mailing address is 1510 WEST LOOP SOUTH, HOUSTON TX, 77027. The company can be reached via phone at 713-850-1010 or via email at investors@gnoginc.com.
Component Grades
We have 9 different ratings for every stock to help you appreciate its future potential. You can unlock it all now.
The Trend in the Analyst Price Target
Over the past 148 days, GNOG's average price target has gone down $3.37.
GNOG Broker Recommendations Summary
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GNOG Stock Trend
Given the current short-term trend, the stock is expected to fall -45.17% during the next 3 months and, with a 90% probability hold a price between $3.27 and $4.66 at the end of this 3-month period.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Stock Podcast
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
Signals & Forecast
The Golden Nugget Online Gaming, Inc. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average.
Support, Risk & Stop-loss
On the downside, the stock finds support just below today's level from accumulated volume at $7.15 and $6.78. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Golden Nugget Online Gaming, Inc.
Is Golden Nugget Online Gaming, Inc. stock A Buy?
Golden Nugget Online Gaming, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Insiders are very positive buying more shares than they are selling in Golden Nugget Online Gaming, Inc
In the last 45 trades there were 76.63 million shares bought and 4.53 million shares sold. The last trade was done 25 days ago by Scheinthal Steven L who sold 30 thousand shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
Component Grades
We have 9 different ratings for every stock to help you appreciate its future potential. You can unlock it all now.
GNOG POWR Grades
GNOG scores best on the Momentum dimension, with a Momentum rank ahead of 59.61% of US stocks.
GNOG Stock Summary
The capital turnover (annual revenue relative to shareholder's equity) for GNOG is -0.2 -- better than merely 5.39% of US stocks.
GNOG Valuation Summary
In comparison to the median Technology stock, GNOG's price/sales ratio is 201.89% higher, now standing at 16.
GNOG's Quality Factors
The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.
Latest GNOG News From Around the Web
Below are the latest news stories about Golden Nugget Online Gaming Inc that investors may wish to consider to help them evaluate GNOG as an investment opportunity.
How much money will Golden Nugget make in 2021?
Based on its presentation, again on page 5, Golden Nugget Online Gaming will make $122 million in sales during 2021. This also corresponds with its Q3 numbers where it made $25.9 million in net revenue.
When did Golden Nugget go public?
January 7, 2021. Golden Nugget Online Gaming (NASDAQ: GNOG) went public on Dec. 30, after merging with a SPAC (special purpose acquisition company) called Landcandia Holdings II. Based on my calculations, GNOG stock is worth considerably more, up to 65% more, based on a simple comparison with Draft Kings (NASDAQ: DKNG ).
Is Golden Nugget online gaming a public company?
Golden Nugget Online Gaming Merger. First, it appears that Golden Nugget Online Gaming does not even have its own investor relations website yet. Its NJ gaming site does not have any information on the company as a public entity.
