Could Everi Holdings Inc. (EVRI) See a Reversal After Having Formed Several Months Bullish Wedge Up

December 7, 2017 - By Migdalia James

The stock of Everi Holdings Inc. (EVRI) formed an up wedge with $8.62 target or 8.00 % above today’s $7.98 share price. The 9 months wedge indicates low risk for the $537.59M company. If the $8.62 price target is reached, the company will be worth $43.01M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 5.42% or $0.41 during the last trading session, reaching $7.98. About 655,059 shares traded. Everi Holdings Inc. (NYSE:EVRI) has risen 473.33% since December 8, 2016 and is uptrending. It has outperformed by 456.63% the S&P500.

Analysts await Everi Holdings Inc. (NYSE:EVRI) to report earnings on March, 13. They expect $-0.09 EPS, up 91.67 % or $0.99 from last year’s $-1.08 per share. After $-0.06 actual EPS reported by Everi Holdings Inc. for the previous quarter, Wall Street now forecasts 50.00 % negative EPS growth.

Everi Holdings Inc. (NYSE:EVRI) Ratings Coverage

Among 4 analysts covering Everi Holdings (NYSE:EVRI), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Everi Holdings had 6 analyst reports since October 2, 2015 according to SRatingsIntel. The stock of Everi Holdings Inc. (NYSE:EVRI) earned “Buy” rating by Stifel Nicolaus on Wednesday, May 10. The stock of Everi Holdings Inc. (NYSE:EVRI) earned “Buy” rating by Stifel Nicolaus on Friday, May 6. The stock has “Outperform” rating by Telsey Advisory Group on Wednesday, March 15.

More recent Everi Holdings Inc. (NYSE:EVRI) news were published by: Globenewswire.com which released: “Everi Announces Closing of $375.0 Million 7.50% Senior Unsecured Notes Due 2025” on December 05, 2017. Also Globenewswire.com published the news titled: “Everi Launches Private Offering of $375.0 Million Senior Unsecured Notes Due 2025” on November 14, 2017. Globenewswire.com‘s news article titled: “Everi Announces Pricing of $375.0 Million 7.50% Senior Unsecured Notes Due 2025” with publication date: November 20, 2017 was also an interesting one.

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