Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Everi Holdings Inc (NYSE: EVRI) weakened of late. EVRI’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Everi Holdings Inc (NYSE: EVRI) stock suffered a major decline of -11.1% on 3/1/24. The shares closed at $10.54. Moreover, this decline was accompanied by exceptionally high trading volume at 335% of normal. The stock has been weak relative to the market over the last nine months and has declined -4.7% during the last week.
Current PriceTarget Research Rating
EVRI’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Everi Holdings has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Everi Holdings has a slightly positive Appreciation Score of 66 but a very low Power Rating of 15, and the Negative Value Trend Rating results.
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