Copyright © Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0%. On the date of publication, Tezcan Gecgil did not have (either directly or indirectly) any positions in the securities mentioned in this article. GNOG stock is also a holding of this exchange-traded fund (ETF). Net revenue was $25.9 million, up 92% year-over-year (YoY). According to recent industry metrics, “The global online gambling market is anticipated to be valued at more than 92.9 billion U.S. dollars in 2023. In the past three months, GNOG stock has gone up about 60% and is currently hovering around $21. The next several weeks are likely to be choppy as the company reports new quarterly earnings. GNOG stock is worth $33.92, using the 19.5 EV-to-sales ratio from DraftKings. Her passion is for options trading based on technical analysis of fundamentally strong companies. Houston, Texas-based Golden Nugget Online Gaming (NASDAQ: GNOG) stock has been hot since November.In the past three months, GNOG stock has gone up about 60% and is currently … The Street debates whether they will be able to have sustained operations as well as have full transparency in dealings. Digital casino company Golden Nugget Online Gaming (NASDAQ: GNOG) isn’t the only i-gaming company on the market, but it sure is a popular one.And while GNOG stock hasn’t been … All rights reserved. About the Golden Nugget Online Gaming Inc – Class A stock forecast. Golden Nugget Online Gaming, Inc. (NASDAQ:GNOG)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 1.83. However, I believe analysts need to see more positive news in the next earnings report before another leg up in the shares can begin. 1 Wall Street analysts have issued ratings and price targets for Golden Nugget Online Gaming in the last 12 months. The investment community became familiar with the company in June 2020, when Landcadia Holdings II, a special purpose acquisition company (SPAC), announced it would be merging with Golden Nugget Online Gaming, a privately held company at the time. Analysts are hopeful about the potential of the business to expand well beyond New Jersey. She especially enjoys setting up weekly covered calls for income generation. Operating income was $8.2 million and also increased 92% YoY. The 7 Best Dividend Stocks To Buy On The Market Today, Louis Navellier and the InvestorPlace Research Staff, 3 EV Charging Stocks to Buy for Huge Gains in the 2020s, Stock Market Live Updates Tuesday: Earnings, Social Media Buzz Steal the Show, Don’t Buy CCIV Stock Now. Pre-Market 0.62 (2.97%) Following the results, investors put their faith in GNOG stock, which has since gone from about $12 to a record high of $27.18 on Dec. 28. Examples include the. Tilman Fertitta owns Golden Nugget Online, and will continue to serve as CEO. All rights reserved. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. Her passion is for options trading based on technical analysis of fundamentally strong companies. Lancadia Holdings II (LCA) is a special purpose acquisition company (SPAC) with intentions of reverse-merging with online gaming and casino company Golden Nugget. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Therefore, you may want to hold off committing new capital until you can analyze the results. There’s still a cloud over businesses that have gone public through a reverse merger with blank check companies (or SPACs). President Thomas Winter cited, “Our third quarter confirmed and amplified our momentum in New Jersey, with record revenues supported by all-time-high player activity, sustained marketing investments and 64 new casino games, 20 of which we launched on an exclusive basis. The post Buy Golden Nugget Online Gaming Stock for Its 10X Potential appeared first on InvestorPlace. Golden Nugget Online Gaming Inc - Class A has been showing a declining tendency so we believe that similar market segments were mildly popular in the given time frame. Wall Street saw his words as indication that the company would not shy away from developing the company further. On December 29, 2020, Golden Nugget Online Gaming, Inc., a Delaware corporation (f/k/a Landcadia Holdings II, Inc.) (the “Company”), held a special meeting in lieu of the 2020 annual meeting of its … Fertitta last week also took his casino chain’s online gaming assets public through Golden Nugget Online Gaming Inc., which hasn’t fared well since it kicked off trading on Dec. 30. quotes delayed at least 15 minutes, all others at least 20 minutes. 1 year Golden Nugget Online Gaming Inc - Class A Forecast: 0 USD *. Several other names included in BETZ that InvestorPlace readers would recognize are DraftKings (NASDAQ:DKNG), Flutter Entertainment (OTCMKTS:PDYPY), Penn National Gaming (NASDAQ:PENN) and William Hill (OTCMKTS:WIMHY). 1125 N. Charles St, Baltimore, MD 21201. 5 Reddit Stocks That Could Be the Next GameStop >>>, Golden Nugget Online Gaming Stock May See $20 Before $40, According to recent industry metrics, “The global online gambling market is anticipated to be valued at more than, Finally, if you are tempted by the “SPAC-tacular” increase in prices but nervous about committing capital to GNOG stock at this point, then you could also consider an ETF that focuses in the SPAC space. With LCA rocketing to $16, the deal now values Golden Nugget Online Gaming around 10x next year's estimated revenues with a market cap around $1.2 billion. The Roundhill Sports Betting & iGaming ETF (NYSEARCA:BETZ), for instance, also started trading in June 2020. In late October, GNOG stock released Q3 earnings. She especially enjoys setting up weekly covered calls for income generation. Then the shares will possibly trade sideways for several weeks. Since then, the reverse-merger has finalized, and early investors have been thrilled with GNOG stock. 1125 N. Charles St, Baltimore, MD 21201. Finally, if you are tempted by the “SPAC-tacular” increase in prices but nervous about committing capital to GNOG stock at this point, then you could also consider an ETF that focuses in the SPAC space. As of 2021 January 26, Tuesday current price of GNOG stock is 20.690$ and our data indicates that the asset price has been stagnating for the past 1 year (or since its inception). Based on our October revenues, we believe that we could generate over $100 million of Gross Gaming Revenue in New Jersey this year.”. Nasdaq Here’s why. *Stock price forecasts are predicted by Deep Learning processes by technical analysis, shouldn't been used for investment decision. Golden Nugget Online Gaming, Inc. Class A Common Stock (GNOG) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Find the latest Golden Nugget Online Gaming, In (GNOG) stock discussion in Yahoo Finance's forum. The pandemic provided the tailwinds for the online gaming industry. Considering analysts have assigned the stock … Golden Nugget To Go Live In Michigan With Online Casino And Sports Betting Launch is scheduled for 12pm EST on Friday, January 22nd, 2021. Fidelity Covington Trust – Fidelity Total Bond ETF, Unlock HIDDEN Features! The stock's name will then change to Golden Nugget Online Gaming, with the ticker symbol GNOG. A golden ticket Landcadia is trying to bring Golden Nugget Online Gaming (GNOG) public through the merger with the SPAC, a maneuver that has gained popularity this year and brought public … As of 2021 January 26, Tuesday current price of GNOG stock is 20.690$ and our data indicates that the asset price has been stagnating for the past 1 year (or since its inception).. Golden Nugget Online … The fund enables investors to roll the dice on the industry and is up about 80% in the past six months. Long-term investors, however, may consider buying the dip in GNOG stock. New Jersey, Join now and get up to a $1000 free … We have seen plenty of IPOs over the course of 2020. Considering how far the stock has moved in a matter months, some short-term profit taking is likely. Looking to buy Golden Nugget Online Gaming stock? Fertitta is also … It was set up by Tilman Feritta, the billionaire businessman who also owns several restaurants and the Houston Rockets. The company is focused on … In addition to formal higher education in the field, she has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Tezcan Gecgil has worked in investment management for over two decades in the U.S. and U.K. In the past three months, GNOG stock has gone up about 60% and is currently hovering … Houston, Texas-based Golden Nugget Online Gaming (NASDAQ:GNOG) stock has been hot since November. In June 2020, Lancadia Holdings II (LCA) announced a merger with Golden Nugget Online Gaming (GNOG) to potentially occur in the later end of the year. In addition to formal higher education in the field, she has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Find the latest Golden Nugget Online Gaming, In (GNOG) stock quote, history, news and other vital information to help you with your stock trading and investing. Holding steady at just over $20 per share, is now the take to make a wager on Golden Nugget Online Gaming (NASDAQ: … Get the stock price and latest news for GNOG and start trading today with zero commissions. Any decline under $20 would improve the margin of safety for buy-and-hold investors. Article printed from InvestorPlace Media, https://investorplace.com/2021/01/golden-nugget-online-gaming-gnog-stock-may-see-20-before-40-dollars/. The #1 NJ online casino offers progressive online slots, online blackjack, roulette, live dealer casino, video poker, keno and an online Sportsbook. Past success does not guarantee future profit !! Therefore, potential investors in SPACs should always conduct proper due diligence. Future price of the stock is predicted at 0$ (-29.657% ) after a year according to our prediction system. Golden Nugget Online Gaming just revealed its second-quarter earnings on Aug. 18. This was done even though it is still a private company and has not yet merged with Landcadia Holdings. Company Name: Golden Nugget Online Gaming Inc., Stock Symbol: GNOG, Industry: Gaming and Casinos, Total Posts: 1176, Last Post: 1/20/2021 10:06:35 PM has worked in investment management for over two decades in the U.S. and U.K. GNOG is also looking at creating a mobile sports-betting app. The high price target for GNOG is $27.00 … As a long-term play, I’d say GNOG stock is definitely one to watch. I’m a big bull when it comes to online gambling (or “iGaming”), saying back in mid … Fortunately for shareholders in GNOG stock, the group has been able to generate revenue, giving more faith to the Street. But Pounce on the Lucid Motors Merger, 7 Dividend Aristocrats That Will Outlive Us All, Top SPAC Merger News This Week: Lucid Motors, EVgo, Joby Aviation and 7 More Hot SPACs, CCIV Stock: Rumors of a Lucid Motors SPAC Merger Delay Spur Pullback, 7 Growth Stocks in The S&P’s Hottest Sectors That Are Primed to Explode. Get today's Golden Nugget Online Gaming Inc stock price and latest GNOG news as well as Golden Nugget Online Gaming real-time stock quotes, technical analysis, full financials and more. On December 29, 2020, we consummated the acquisition (the “Transaction”) of Golden Nugget Online Gaming, LLC (formerly known as Golden Nugget Online Gaming, Inc.), a New Jersey … Copyright © 2021 InvestorPlace Media, LLC. Examples include the Defiance Next Gen SPAC Derived ETF (NYSEARCA:SPAK) and the SPAC and New Issue ETF (NYSEARCA:SPCX). Golden Nugget Online Gaming, Inc. GNOG 20.88 0.50 (2.45%). !! The 2021 estimates are for Golden Nugget Online … Start Now for $1 >>, Jessica Silver-Greenberg and Michael Corkery. However, it will likely be a bumpy ride for the shares in the midst of the earnings season. Our site uses a custom algorithm based on Deep Learning that helps our users to decide if GNOG could be a good portfolio addition. This means that if you invested $100 now, your current investment may be worth 70.343$ on 2022 January 26, Wednesday. Share your opinion and gain insight from other stock traders and investors. Golden Nugget Online Gaming Is now public and worth 65% more. … Houston, Texas-based Golden Nugget Online Gaming (NASDAQ:GNOG) stock has been hot since November. PR Newswire HOUSTON, Jan. 21, 2021 … These predictions take several variables into account such as volume changes, price changes, market cycles, similar stocks. This means that this stock is suited as a new addition to your portfolio as trading bullish markets is always a lot easier. The current size of the market is almost 59 billion U.S. dollars, meaning the size is forecast to double in the upcoming years.” As a result of such projected growth, GNOG stock has received considerable trader interest. Their average twelve-month price target is $27.00, predicting that the stock has a possible upside of 31.51%. 2021 InvestorPlace Media, LLC. Golden Nugget Online Gaming, Inc. (GNOG) estimates and forecasts. Hey! Yet if you can look past the short term, I think the business could do well in the coming quarters. This would likely increase revenue substantially, as it would allow players to bet on the move, especially as people spend more time on their phones than on the computer these days. Developing the company is focused on … looking to Buy Golden Nugget Online Gaming Inc - Class a forecast 0. By Deep Learning that helps our users to decide if GNOG could be a bumpy ride the... 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