Do Analysts Expect Golden Nugget Online Gaming Inc (GNOG) Stock to Rise After It Is Down -5.38% in a Month?

Friday, April 08, 2022 11:20 AM | InvestorsObserver Analysts

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Do Analysts Expect Golden Nugget Online Gaming Inc (GNOG) Stock to Rise After It Is Down -5.38% in a Month?

Wall Street is positive on Golden Nugget Online Gaming Inc (GNOG). On average, analysts give Golden Nugget Online Gaming Inc a Buy rating. The average price target is $23.415, which means analysts expect the stock to gain by 280.11% over the next twelve months. That average ranking earns Golden Nugget Online Gaming Inc an Analyst Rating of 21, which is better than 21% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating GNOG a Buy today. Find out what this means to you and get the rest of the rankings on GNOG!

See Full GNOG Report

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Golden Nugget Online Gaming Inc Stock Today?

Golden Nugget Online Gaming Inc (GNOG) stock is down -2.22% while the S&P 500 is up 0.25% as of 11:07 AM on Friday, Apr 8. GNOG is down -$0.14 from the previous closing price of $6.30 on volume of 357,566 shares. Over the past year the S&P 500 is higher by 10.11% while GNOG is down -63.89%. GNOG earned $1.01 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 6.14. Click Here to get the full Stock Report for Golden Nugget Online Gaming Inc stock.