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EVRI, the stock of Global Cash Access Holdings Inc (NYSE:EVRI), has reached a new 52-week high, trading at $14.13. The company, with a market capitalization of $1.23 billion and impressive gross profit margins of 78.7%, continues to show strong financial health according to InvestingPro analysis. This milestone reflects a significant period of growth for the company, with the stock price more than doubling over the past year. The impressive 111.04% surge in the 1-year change data underscores the positive sentiment among investors and the company’s strong performance in its sector. InvestingPro analysis suggests the stock is currently trading below its Fair Value, with 12 additional ProTips available for subscribers. The achievement of this 52-week high marks a noteworthy moment for EVRI, as it continues to gain traction in the market and attract the attention of shareholders looking for robust returns. While the RSI suggests the stock is in overbought territory, the company’s strong free cash flow yield indicates fundamental strength.
In other recent news, Everi Holdings Inc. has disclosed its preliminary financial results for the first quarter ending March 31, 2025. These results were shared in preparation for discussions with potential lenders regarding a significant merger with International Game Technology (NYSE:IGT) PLC’s Gaming & Digital business, backed by Apollo Global Management (NYSE:APO). The merger, announced last year, is a key development for the company. Additionally, Everi has reappointed Michael D. Rumbolz as Executive Chair of the Board, with his compensation package linked to the successful closing of the merger.
In analyst updates, Stifel has maintained a Hold rating on Everi’s stock, keeping the price target steady at $14.25 per share, which aligns with the cash offer from Apollo. Stifel’s analysis indicates minimal risks associated with the completion of the acquisition, expected to close in the third quarter of 2025. The firm’s updated financial model reflects Everi’s recent fourth-quarter disclosures but suggests no significant changes in the projected Adjusted EBITDA for the coming fiscal years. These developments provide investors with crucial insights into Everi’s strategic direction and financial outlook.
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