H.C. Wainwright Thinks DMG Blockchain Solutions' Stock is Going to Recover

H.C. Wainwright analyst Kevin Dede maintained a Buy rating on DMG Blockchain Solutions (DMGGF – Research Report) today and set a price target of C$2.00. The company's shares closed last Wednesday at $0.79, close to its 52-week low of $0.05. According to TipRanks.com, Dede is a 4-star analyst with an average return of 14.8% and a 43.3% success rate. Dede covers the Technology sector, focusing on stocks such as Summit Wireless Technologies, Mawson Infrastructure Group, and Magic Software Enterprises. Currently, the analyst consensus on DMG Blockchain Solutions is a Moderate Buy with an average price target of $1.56. See today’s analyst top recommended stocks >> The company has a one-year high of $4.51 and a one-year low of $0.05. Currently, DMG Blockchain Solutions has an average volume of 686K. TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities. DMG Blockchain Solutions, Inc. engages in the provision of cryptocurrency and blockchain solutions. It manages, operates and develops end-to-end digital solutions to monetize the blockchain ecosystem. The company was founded on April 18, 2011 and is headquartered in Vancouver, Canada. Read More on DMGGF: Bit Digital (BTBT) Receives a New Rating from H.C. Wainwright Analysts’ Top Technology Picks: Micron (MU), Verint Systems (VRNT) Analysts Offer Insights on Healthcare Companies: Biogen (BIIB), Onconova Therapeutics (ONTX) and Personalis (PSNL) Paccar Partners with FedEx, Aurora for Commercial Pilot of Autonomous Trucks Tesla to Launch Insurance Program in Texas Soon — Report The post H.C. Wainwright Thinks DMG Blockchain Solutions' Stock is Going to Recover appeared first on TipRanks Financial Blog.

H.C. Wainwright Thinks DMG Blockchain Solutions' Stock is Going to Recover

H.C. Wainwright analyst Kevin Dede maintained a Buy rating on DMG Blockchain Solutions (DMGGF – Research Report) today and set a price target of C$2.00. The company's shares closed last Wednesday at $0.79, close to its 52-week low of $0.05.

According to TipRanks.com, Dede is a 4-star analyst with an average return of 14.8% and a 43.3% success rate. Dede covers the Technology sector, focusing on stocks such as Summit Wireless Technologies, Mawson Infrastructure Group, and Magic Software Enterprises.

Currently, the analyst consensus on DMG Blockchain Solutions is a Moderate Buy with an average price target of $1.56.

The company has a one-year high of $4.51 and a one-year low of $0.05. Currently, DMG Blockchain Solutions has an average volume of 686K.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

DMG Blockchain Solutions, Inc. engages in the provision of cryptocurrency and blockchain solutions. It manages, operates and develops end-to-end digital solutions to monetize the blockchain ecosystem. The company was founded on April 18, 2011 and is headquartered in Vancouver, Canada.

Read More on DMGGF:

  • Bit Digital (BTBT) Receives a New Rating from H.C. Wainwright
  • Analysts’ Top Technology Picks: Micron (MU), Verint Systems (VRNT)
  • Analysts Offer Insights on Healthcare Companies: Biogen (BIIB), Onconova Therapeutics (ONTX) and Personalis (PSNL)
  • Paccar Partners with FedEx, Aurora for Commercial Pilot of Autonomous Trucks
  • Tesla to Launch Insurance Program in Texas Soon — Report

The post H.C. Wainwright Thinks DMG Blockchain Solutions' Stock is Going to Recover appeared first on TipRanks Financial Blog.

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What Does Hasbro’s Newly Added Risk Factor Tell Investors?

Hasbro (HAS) is a multinational toys and games company based in Rhode Island. It provides a range of brand experiences through consumer products like toys and games, entertainment through its Read More... The post What Does Hasbro’s Newly Added Risk Factor Tell Investors? appeared first on TipRanks Financial Blog.

What Does Hasbro’s Newly Added Risk Factor Tell Investors?

Hasbro () is a multinational toys and games company based in Rhode Island. It provides a range of brand experiences through consumer products like toys and games, entertainment through its independent studio eOne, and tabletop and digital games.

Let’s take a look at the company’s latest financial performance, corporate developments, and newly added risk factor. (See Hasbro stock charts on TipRanks).

Hasbro’s Q2 Financial Results

The company reported revenue of $1.32 billion for Q2 2021, representing a 54% year-over-year increase, and exceeded consensus estimates of $1.17 billion. Revenue increased across all of Hasbro’s business units, with its Wizards segment leading the way with more than 100% year-over-year revenue growth. The company posted Q2 adjusted EPS of $1.05, compared to $0.02 in the same quarter last year, and the consensus estimate of $0.48. 

For full-year 2021, the company said it was on track to achieve double-digit revenue growth. The company further said it is focused on reducing debt and expanding the reach of its business.

Hasbro ended Q2 with $1.23 billion in cash after funding $94.1 million in quarterly dividend distributions and repaying $250 million in debt. The company plans to make another quarterly dividend distribution on November 15.

Hasbro’s Corporate Developments

The company completed the sale of eOne Music, a unit of its eOne brand, at the beginning of Q3. The transaction generated $397 million in proceeds. It used the money to reduce its debt by an additional $100 million in early Q3.

Further, on September 15, Hasbro said it redeemed $300 million of its notes due in November 2022.

Hasbro’s Risk Factors

The new TipRanks Risk Factors tool reveals 37 risk factors for Hasbro. Since Q4 2020, the company has updated its risk profile with one new risk factor under the Finance and Corporate category.

Hasbro tells investors that its actual results for 2021 may differ significantly from those expected. It also highlighted the potential adverse effects of concentrating its manufacturing operations in China. It further said that the bankruptcy of any of its significant retailers could have a material adverse impact on its results.

The majority of Hasbro’s risk factors fall under the Tech and Innovation category, with 22% of the total risks. That is above the sector average of 12%. Hasbro’s shares have gained less than 1% since the beginning of 2021.

Analysts’ Take On Hasbro Stock

Following Hasbro’s Q2 results, D.A. Davidson analyst Linda Bolton Weiser reiterated a Buy rating on Hasbro stock and raised the price target to $128 from $120. Weiser’s new price target suggests 35.72% upside potential.

Consensus among analysts is a Moderate Buy based on 5 Buys and 3 Holds. The average Hasbro price target of $113.63 implies 20.49% upside potential to current levels.

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The post What Does Hasbro’s Newly Added Risk Factor Tell Investors? appeared first on TipRanks Financial Blog.

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