GNOG is also looking at creating a mobile sports-betting app. Nasdaq Her passion is for options trading based on technical analysis of fundamentally strong companies. We have seen plenty of IPOs over the course of 2020. 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 All rights reserved. Any decline under $20 would improve the margin of safety for buy-and-hold investors. TezcanGecgilhas worked in investment management for over two decades in the U.S. and U.K. Digital casino company Golden Nugget Online Gaming (NASDAQ: GNOG) isnt the only i-gaming company on the market, but it sure is a popular one.And while GNOG stock hasnt been In the past three months, GNOG stock has gone up about 60% and is currently hovering around $21. 1 Wall Street analysts have issued ratings and price targets for Golden Nugget Online Gaming in the last 12 months. Therefore, potential investors in SPACs should always conduct proper due diligence. On December 29, 2020, we consummated the acquisition (the Transaction) of Golden Nugget Online Gaming, LLC (formerly known as Golden Nugget Online Gaming, Inc.), a New Jersey Looking at the companys year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0%. The next several weeks are likely to be choppy as the company reports new quarterly earnings. Pre-Market 0.62 (2.97%) These predictions take several variables into account such as volume changes, price changes, market cycles, similar stocks. 1 year Golden Nugget Online Gaming Inc - Class A Forecast: 0 USD *. Tilman Fertitta owns Golden Nugget Online, and will continue to serve as CEO. Houston, Texas-based Golden Nugget Online Gaming (NASDAQ:GNOG) stock has been hot since November. All rights reserved. The post Buy Golden Nugget Online Gaming Stock for Its 10X Potential appeared first on InvestorPlace. Future price of the stock is predicted at 0$ (-29.657% ) after a year according to our prediction system. Heres why. 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). It was set up by Tilman Feritta, the billionaire businessman who also owns several restaurants and the Houston Rockets. Fertitta last week also took his casino chains online gaming assets public through Golden Nugget Online Gaming Inc., which hasnt fared well since it kicked off trading on Dec. 30. 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. GNOG stock is also a holding of this exchange-traded fund (ETF). InvestorPlace - Stock Market News, Stock Advice & Trading Tips. Their average twelve-month price target is $27.00, predicting that the stock has a possible upside of 31.51%. 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. This means that if you invested $100 now, your current investment may be worth 70.343$ on 2022 January 26, Wednesday. Golden Nugget Online Gaming Is now public and worth 65% more. Wall Street saw his words as indication that the company would not shy away from developing the company further. 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. Our site uses a custom algorithm based on Deep Learning that helps our users to decide if GNOG could be a good portfolio addition. Operating income was $8.2 million and also increased 92% YoY. Start Now for $1 >>, Jessica Silver-Greenberg and Michael Corkery. Considering how far the stock has moved in a matter months, some short-term profit taking is likely. 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. Golden Nugget To Go Live In Michigan With Online Casino And Sports Betting Launch is scheduled for 12pm EST on Friday, January 22nd, 2021. Fortunately for shareholders in GNOG stock, the group has been able to generate revenue, giving more faith to the Street. GNOG stock is worth $33.92, using the 19.5 EV-to-sales ratio from DraftKings. As a long-term play, Id say GNOG stock is definitely one to watch. Based on our October revenues, we believe that we could generate over $100 million of Gross Gaming Revenue in New Jersey this year.. This means that this stock is suited as a new addition to your portfolio as trading bullish markets is always a lot easier. Holding steady at just over $20 per share, is now the take to make a wager on Golden Nugget Online Gaming (NASDAQ: Past success does not guarantee future profit !! Get the stock price and latest news for GNOG and start trading today with zero commissions. On December 29, 2020, Golden Nugget Online Gaming, Inc., a Delaware corporation (f/k/a Landcadia Holdings II, Inc.) (the Company), held a special meeting in lieu of the 2020 annual meeting of its Golden Nugget Online Gaming, Inc. GNOG 20.88 0.50 (2.45%). Therefore, you may want to hold off committing new capital until you can analyze the results. Copyright Theres still a cloud over businesses that have gone public through a reverse merger with blank check companies (or SPACs). The #1 NJ online casino offers progressive online slots, online blackjack, roulette, live dealer casino, video poker, keno and an online Sportsbook. Long-term investors, however, may consider buying the dip in GNOG stock. As of 2021 January 26, Tuesday current price of GNOG stock is 20.690$ and our data indicates that the asset price has been stagnating for the past 1 year (or since its inception).. Golden Nugget Online Copyright 2021 InvestorPlace Media, LLC. This was done even though it is still a private company and has not yet merged with Landcadia Holdings. Golden Nugget Online Gaming, Inc. (GNOG) estimates and forecasts. 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 hovering Examples include the Defiance Next Gen SPAC Derived ETF(NYSEARCA:SPAK) and theSPAC and New Issue ETF(NYSEARCA:SPCX). 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&Ps Hottest Sectors That Are Primed to Explode. Considering analysts have assigned the stock The pandemic provided the tailwinds for the online gaming industry. Im a big bull when it comes to online gambling (or iGaming), saying back in mid Article printed from InvestorPlace Media, https://investorplace.com/2021/01/golden-nugget-online-gaming-gnog-stock-may-see-20-before-40-dollars/. Analysts are hopeful about the potential of the business to expand well beyond New Jersey. 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. Lancadia Holdings II (LCA) is a special purpose acquisition company (SPAC) with intentions of reverse-merging with online gaming and casino company Golden Nugget. 1125 N. Charles St, Baltimore, MD 21201. *Stock price forecasts are predicted by Deep Learning processes by technical analysis, shouldn't been used for investment decision. Fertitta is also About the Golden Nugget Online Gaming Inc Class A stock forecast. The stock's name will then change to Golden Nugget Online Gaming, with the ticker symbol GNOG. 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. Yet if you can look past the short term, I think the business could do well in the coming quarters. In addition to formal higher education in the field, she has also completed all 3 levels of the Chartered Market Technician (CMT) examination. The high price target for GNOG is $27.00 Hey! Golden Nugget Online Gaming just revealed its second-quarter earnings on Aug. 18. Since then, the reverse-merger has finalized, and early investors have been thrilled with GNOG stock. Fidelity Covington Trust Fidelity Total Bond ETF, Unlock HIDDEN Features! Then the shares will possibly trade sideways for several weeks. On the date of publication, Tezcan Gecgil did not have (either directly or indirectly) any positions in the securities mentioned in this article. 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. 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, Dont Buy CCIV Stock Now. quotes delayed at least 15 minutes, all others at least 20 minutes. PR Newswire HOUSTON, Jan. 21, 2021 Find the latest Golden Nugget Online Gaming, In (GNOG) stock discussion in Yahoo Finance's forum. Net revenue was $25.9 million, up 92% year-over-year (YoY). She especially enjoys setting up weekly covered calls for income generation. However, I believe analysts need to see more positive news in the next earnings report before another leg up in the shares can begin. 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 2021 estimates are for Golden Nugget Online However, it will likely be a bumpy ride for the shares in the midst of the earnings season. has worked in investment management for over two decades in the U.S. and U.K. 1125 N. Charles St, Baltimore, MD 21201. She especially enjoys setting up weekly covered calls for income generation. 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. Her passion is for options trading based on technical analysis of fundamentally strong companies. Golden Nugget Online Gaming, Inc. Class A Common Stock (GNOG) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. New Jersey, Join now and get up to a $1000 free Examples include the. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 2021 InvestorPlace Media, LLC. 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 The Street debates whether they will be able to have sustained operations as well as have full transparency in dealings. 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. 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. 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. 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. Looking to buy Golden Nugget Online Gaming stock? 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. 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. Share your opinion and gain insight from other stock traders and investors. 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. In late October, GNOG stock released Q3 earnings. 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