Have Watchlists? Holding steady at just over $20 per share, is now the take to make a wager on Golden Nugget Online Gaming (NASDAQ:GNOG)? As mentioned above, there’s good reason why investors are excited about Golden Nugget Online Gaming. 2021 InvestorPlace Media, LLC. Create a list of the investments you want to track. 1125 N. Charles St, Baltimore, MD 21201. Golden Nugget Online Gaming is a Market Leader Golden Nugget Online Gaming is one of five leading players in New Jersey’s established iGaming market, with the other operators being … The company has a frightening amount of outstanding debt. In the past three months, GNOG stock has gone up about 60% and is currently hovering … Golden Nugget Online Gaming, Inc. (GNOG) estimates and forecasts. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. It’s easy to see a similar pullback happen again down the road. Find the latest Golden Nugget Online Gaming, In (GNOG) stock discussion in Yahoo Finance's forum. However, this potential is more than reflected in its current share price. Add to Watchlist. The company is headquartered in Houston, TX. Article printed from InvestorPlace Media, https://investorplace.com/2021/01/debt-heavy-gnog-stock-disaster-waiting/. So far, much of the attention for this megatrend has focused on sportsbook stocks. The 63-year-old billionaire casino mogul told CNBC last month that he’s looking to list a minority stake in Golden Nugget on a public stock exchange. The stock's name will then change to Golden Nugget Online Gaming, with the ticker symbol GNOG. $20.38. It’s questionable. Fertitta … GNOGW | Complete Golden Nugget Online Gaming Inc. Wt stock news by MarketWatch. Nasdaq Much as with EV stocks, online gambling stocks could be in the midst of a bubble. Think DraftKings (NASDAQ:DKNG), and Penn National (NASDAQ:PENN), the most high-profile plays out there. There are currently no items in this Watchlist. Historical and current end-of-day data provided by FACTSET. Yet, with the aforementioned risks/uncertainties, coupled with prior price movements, there’s a big risk shares take a dive in the near-term before they continue to rise over the long term. If this bubble pops in the coming months, names across the sector could fall sharply from current levels. Along with the aforementioned uncertainties with its multi-state expansion, there are other risks on the table. Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0%. Sure, some big changes have happened in the past month, but GNOG stock still looks iffy. Gold futures tally a fourth straight session decline, Workhorse Stock Is Surging Because of a Marketwide Short Squeeze, February gold loses $4.30, or 0.2%, to settle at $1,850.90/oz, GameStop stock has another volatile trading day, with more price spikes and trading halts, Twitter permanently bans My Pillow CEO Mike Lindell, Buy DraftKings and Penn National Because Online Gambling Is in Early Innings, Antony Blinken has packed daybook as he takes State Department reins after Senate confirmation, U.S. COVID-19 death toll tops 422,000 as Biden prepares to boost daily vaccination targets, It's a volatile day for GameStop stock, marked by price spikes and trading halts. Golden Nugget Online Gaming, Inc. operates as an online casino gaming company. 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. Cookie Notice. Debt-Heavy Golden Nugget Online Gaming Stock Could Be a Disaster Waiting to Happen Consider the risks before taking a position in GNOG stock By Thomas Niel Jan 25, 2021, 7:00 am EST … Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The high price target for GNOG is $27.00 … Visit a quote page and your recently viewed tickers will be displayed here. View real-time stock prices and stock quotes for a full financial overview. Intraday Data provided by FACTSET and subject to terms of use. Golden Nugget Online Gaming could scale into a massive iGaming powerhouse, but a lucrative future is far from guaranteed. Considering that, at today’s prices, GNOG’s market capitalization is $1.4 billion, $20 per share could end up looking like a steal in hindsight. quotes delayed at least 15 minutes, all others at least 20 minutes. Golden Nugget Online Gaming started at buy with $27 stock price target at Benchmark By MarketWatch - Jan 13, 2021 This is a Real-time headline. Copyright © 2021 MarketWatch, Inc. All rights reserved. Another issue is one that has less to do with this company specifically, and more with online gambling stocks in general. New Jersey, Join now and get up to a $1000 free … I’m sure you are well aware of the online gambling megatrend. By using this site you agree to the
Keep downside risk in mind before entering a position. However, the majority of this debt has been paid off using some of this former SPAC’s IPO proceeds. For the best MarketWatch.com experience, please update to a modern browser. Find real-time GNOG - Golden Nugget Online Gaming Inc stock quotes, company profile, news and forecasts from CNN Business. Get the stock price and latest news for GNOG and start trading today with zero commissions. Whether it can remains to be seen, and there are other risks on the horizon. Putting it simply, it may not be worth it to enter a position now, as it trades near all-time highs. If the Golden Nugget Online Gaming merger goes through, it will become only the second pure, publicly traded online casino operating in the country after DraftKings (NASDAQ:DKNG), which … This browser is no longer supported at MarketWatch. And, there could even be more substantial potential runway than a surge from around $122 million to $635 million per year in annual sales. Copyright © 2021 InvestorPlace Media, LLC. 1125 N. Charles St, Baltimore, MD 21201. The #1 NJ online casino offers progressive online slots, online blackjack, roulette, live dealer casino, video poker, keno and an online Sportsbook. That brings us to the bear case. 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 … GNOG stock is worth $33.92, using the 19.5 EV-to-sales ratio from DraftKings.
On the date of publication, Thomas Niel did not (either directly or indirectly) hold any positions in the securities mentioned in this article. Copyright © And while GNOG stock hasn’t been … Golden Nugget Online Gaming Is now public and worth 65% more. Intraday data delayed at least 15 minutes or per exchange requirements. As I wrote back in December, annual revenues could soar more than five-fold by 2025. 1 Wall Street analysts have issued ratings and price targets for Golden Nugget Online Gaming in the last 12 months. Subscriber Agreement & Terms of Use,
In short, brace for potential high volatility if you choose to buy GNOG stock at today’s prices. Their average twelve-month price target is $27.00, predicting that the stock has a possible upside of 31.51%. Data is currently not available. Last fall, shares tumbled from around $18 per share, to under $12 per share, as speculators bailed out of SPAC stocks. But, while it’s taken on a new name, the opportunities and risks remain the same. GNOG will have to achieve similar levels of success in new markets like Michigan, Pennsylvania, and West Virginia. Looking to buy Golden Nugget Online Gaming stock? Although the company’s gross gaming revenue before excise taxes in New Jersey came in at $318.9 million for 2020 according to regulatory filings, “crushing it” in the Garden State isn’t enough. Hey! Something went wrong while loading Watchlist. (GNOG) Nasdaq Listed. 5 Reddit Stocks That Could Be the Next GameStop >>>, Debt-Heavy Golden Nugget Online Gaming Stock Could Be a Disaster Waiting to Happen, The company has a frightening amount of outstanding debt, 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. I’m talking about Golden Nugget Online Gaming (NASDAQ: GNOG). It may also lack the deep pockets of gaming industry giants like Caesars (NASDAQ:CZR) and MGM (NYSE:MGM). This is the result of GNOG’s main principal (billionaire Tillman Fertitta) shifting $300 million in debt off of the books of his privately-held casino, restaurant, and sports team empire, and onto this company’s balance sheet. As cash-strapped states continue to legalize online gambling, this fast-growing sector could eventually generate as much as $20 billion in annual revenue. Real time Golden Nugget Online Gaming (GNOG) stock price quote, stock graph, news & analysis. Formerly known as Landcadia Holdings II, this special purpose acquisition company (SPAC) closed on its merger with previously private-held Golden Nugget Online Gaming. Tilman Fertitta owns Golden Nugget Online, and will continue to serve as CEO. 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. So, what’s the verdict with GNOG stock? 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 … That is to say, there’s big potential for this iGaming company to scale up massively in the coming decade. Nasdaq 100. Golden Nugget Online Gaming, now active on the Nasdaq stock exchange under Landcadia Holdings II, is valued at $745 million. Houston, Texas-based Golden Nugget Online Gaming (NASDAQ:GNOG) stock has been hot since November. Over the long-term, Golden Nugget Online Gaming could live up to investors’ current sky-high expectations. -0.38 (-1.83%) DATA AS OF Jan 19, 2021. Putting it simply, shares at today’s prices imply the company’s expansion in other states will go off without a hitch. HOUSTON, Jan. 21, 2021 /PRNewswire/ -- Golden Nugget Online Gaming (Nasdaq: GNOG) has received authorization from the Michigan Gaming Control Board (MGCB) to start offering its Online Casino … Sky-High expectations to investors ’ current golden nugget online gaming stock expectations current share price sign up to get started one that less. Average twelve-month price target is $ 27.00, predicting that the stock price latest..., Golden Nugget Online Gaming Inc stock quotes, company profile, and! 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