What Happened:Shares of electronic gaming manufacturer and supplier PlayAGS (NYSE:AGS) jumped 12.8% in the morning session after B. Riley analyst initiated coverage on the stock and assigned a $16 price target, citing "multiple visible upside levers to consensus estimates and its stock valuation." The price target implied a +60% upside from where shares traded when the coverage was initiated.
Is now the time to buy PlayAGS? Find out by reading the original article on StockStory.
What is the market telling us:PlayAGS's shares are a little volatile and over the last year have had 31 moves greater than 5%.
PlayAGS is up 13.6% since the beginning of the year, and at $9.40 per share it is trading close to its 52-week high of $9.72 from February 2024. Investors who bought $1,000 worth of PlayAGS's shares 5 years ago would now be looking at an investment worth $396.58.
