Everplay Group (LON:EVPL) Trading Down 6.8% – Here’s Why

Everplay Group Plc (LON:EVPL) shares traded down 6.8% during mid-day trading on Wednesday . The stock traded as low as GBX 250.50 and last traded at GBX 251.75. 327,666 shares were traded during trading, a decline of 45% from the average session volume of 593,549 shares. The stock had previously closed at GBX 270.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Berenberg Bank decreased their price objective on shares of Everplay Group from GBX 450 to GBX 370 and set a “buy” rating on the stock in a report on Thursday, March 26th. Jefferies Financial Group decreased their price objective on shares of Everplay Group from GBX 440 to GBX 380 and set a “buy” rating on the stock in a report on Tuesday, March 31st. Shore Capital Group reissued a “buy” rating and issued a GBX 430 price target on shares of Everplay Group in a research note on Wednesday. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 455 price target on shares of Everplay Group in a research note on Monday, March 30th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 430.83.

Everplay Group Trading Up 0.8%

The company’s 50 day moving average price is GBX 257.32 and its two-hundred day moving average price is GBX 294.82. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.80 and a quick ratio of 2.28. The stock has a market capitalization of £368.16 million, a PE ratio of 13.59, a P/E/G ratio of 3.16 and a beta of 0.31.

Everplay Group (LON:EVPL) last posted its quarterly earnings results on Tuesday, March 24th. The company reported GBX 25.70 earnings per share for the quarter. Everplay Group had a negative net margin of 0.18% and a negative return on equity of 0.12%. As a group, analysts expect that Everplay Group Plc will post 24.1106719 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Mikkel Weider bought 21,526 shares of Everplay Group stock in a transaction on Wednesday, March 25th. The shares were bought at an average cost of GBX 234 per share, with a total value of £50,370.84. 21.66% of the stock is owned by company insiders.

Everplay Group Company Profile

everplay group plc is a leading global indie games label developer and publisher of premium video games and apps, with a portfolio of over 140 premium, high-quality titles across PC, console and mobile.

The Group was founded in 1990, and everplay (formerly Team17 Group plc) successfully listed on the London Stock Exchange in 2018. Subsequently, the Group has completed the business acquisitions of StoryToys in 2021, astragon and The Label in 2022, and Independent Arts Software GmbH by astragon in 2023, along with the IP acquisitions of two key titles: Golf With Your Friends and Hell Let Loose.