Stock

Scientific Games Stock Is Estimated To Be Significantly Overvalued

By Steven I. Green 2 weeks ago

– By GF Value

The stock of Scientific Games (NAS:SGMS, 30-year Financials) appears to be significantly overvalued, according to GuruFocus Value calculation. GuruFocus Value is GuruFocus’ estimate of the fair value at which the stock should be traded. It is calculated based on the historical multiples that the stock has traded at, the past business growth and analyst estimates of future business performance. If the price of a stock is significantly above the GF Value Line, it is overvalued and its future return is likely to be poor. On the other hand, if it is significantly below the GF Value Line, its future return will likely be higher. At its current price of $40.88 per share and the market cap of $3.9 billion, Scientific Games stock appears to be significantly overvalued. GF Value for Scientific Games is shown in the chart below.

Scientific Games Stock Is Estimated To Be Significantly Overvalued

Scientific Games Stock Is Estimated

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Funko Stock Gives Every Indication Of Being Significantly Overvalued

By Steven I. Green 2 weeks ago

TipRanks

2 “Strong Buy” Stocks Insiders Are Snapping Up

One strategy for selecting top stocks is to track insider transactions. After all, if insiders are dipping into their own pockets you can imagine it’s because they believe the stock looks compelling. A Harvard study revealed that insider purchases earn “abnormal” returns of more than 6% per year. The authors of the study conclude that insider buyers “have a good feel for near-term developments within their firm.” The advantage of following these insiders isn’t just that they are privy to data which the rest of us don’t necessarily know – it’s also that they are held responsible for their decisions. Company officers can’t just make trading choices based on personal preference or profit. They must account for their choices to board members and shareholders – and that audience wants to make money, too. So, when corporate insiders start buying up stock

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Booking Holdings Stock Is Estimated To Be Significantly Overvalued

By Steven I. Green 2 weeks ago

TipRanks

Keep on Buying These 3 EV Stocks, Says Analyst Following Conference

Investors are always on the lookout for the next big thing, the next industry that will bring the great returns. Predicting what stock sector will blast off is an inexact science, at best; but like politics, stocks run downstream from culture. And right now, culture is all-in for clean energy and electric cars. Observing the electric vehicle (EV) stock sector for Colliers Securities is industry expert Michael Shlisky. Shlisky had an opportunity last week to meet virtually with management from numerous EV companies, in Colliers’ Spring Alternative Transportation Conference, giving him a chance to sharpen his view of the sector. EV stocks have dropped significantly in the past six weeks. However, Shlisky believes this “may be the perfect time for investors to test the waters for stocks that may have fallen too far, too fast…” The analyst added,

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Planet Fitness Stock Is Estimated To Be Significantly Overvalued

By Steven I. Green 3 weeks ago

Bloomberg

One of World’s Greatest Hidden Fortunes Is Wiped Out in Days

(Bloomberg) — From his perch high above Midtown Manhattan, just across from Carnegie Hall, Bill Hwang was quietly building one of the world’s greatest fortunes.Even on Wall Street, few ever noticed him — until suddenly, everyone did.Hwang and his private investment firm, Archegos Capital Management, are now at the center of one of the biggest margin calls of all time — a multibillion-dollar fiasco involving secretive market bets that were dangerously leveraged and unwound in a blink.Hwang’s most recent ascent can be pieced together from stocks dumped by banks in recent days — ViacomCBS Inc., Discovery Inc. GSX Techedu Inc., Baidu Inc. — all of which had soared this year, sometimes confounding traders who couldn’t fathom why.One part of Hwang’s portfolio, which has been traded in blocks since Friday by Goldman Sachs Group Inc., Morgan Stanley and Wells

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