Agilysys Inc.’s (NASDAQ:AGYS) Stock Price Plummets -10.64% This Year: A Look At Likely Future Paths

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Agilysys Inc. (NASDAQ:AGYS) price on Friday, June 17, rose 8.67% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $39.73.

A look at the stock’s price movement, the close in the last trading session was $36.56, moving within a range at $36.68 and $40.32. The beta value (5-Year monthly) was 1.36 while the PE ratio in trailing twelve months stood at 218.30. Turning to its 52-week performance, $59.60 and $31.49 were the 52-week high and 52-week low respectively. Overall, AGYS moved 0.33% over the past month.

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Agilysys Inc.’s market cap currently stands at around $1.02 billion, with investors looking forward to this quarter’s earnings report slated for Jan 24, 2022 – Jan 28, 2022. Analysts project the company’s earnings per share (EPS) to be $0.17, which has seen fiscal year 2022 EPS growth forecast to increase to $0.75 and about $0.78 for fiscal year 2023. Per the data, EPS growth is expected to be -7.40% for 2022 and 4.00% for the next financial year.

Analysts have a consensus estimate of $43.78 million for the company’s revenue for the quarter, with a low and high estimate of $42.95 million and $44.5 million respectively. The average forecast suggests up to a 20.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2022 to grow to $160.01 million, representing a 16.60% jump on that reported in the last financial year.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that AGYS is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.

3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 2 recommend AGYS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Overweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

The technical evaluation for the stock shows the PEG ratio is 4365.93, with AGYS’s current price about -1.45% and 4.07% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.94, while 7-day volatility ratio is 6.81% and 5.10% in the 30-day chart. Further, Agilysys Inc. (AGYS) has a beta value of 1.34, and an average true range (ATR) of 2.34. Analysts have given the company’s stock an average 52-week price target of $54.00, forecast between a low of $50.00 and high of $58.00. Looking at the price targets, the low is -25.85% off current price level while to achieve the yearly target high, price needs to move -45.99%. Nonetheless, investors will most likely welcome a -35.92% jump to $54.00 which is the analysts’ median price.

In the market, a comparison of Agilysys Inc. (AGYS) and its peers suggest the former has performed considerably stronger. Data shows AGYS’s intraday price has changed 8.67% in last session and -26.95% over the past year. Comparatively, NCR Corporation (NCR) has moved 3.23% on the day and only -28.71% in the past 12 months. Looking at another peer, we see that Norwegian Cruise Line Holdings Ltd. (NCLH) price has gained 10.12% on the day. However, the stock is -62.28% off its price a year ago. Moreover, Boyd Gaming Corporation (BYD) is also up 3.07% in trading on the day while keeping a a downtrend of -11.96% over the past year. If we look at the PE ratio, we find that Agilysys Inc.’s ratio stands at 218.30 compared to NCR Corporation’s 392.53. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.22% and -0.13% respectively in the last trading.

If we refocus on Agilysys Inc. (NASDAQ:AGYS), historical trading data shows that trading volumes averaged 94340.0 over the past 10 days and 82.21K over the past 3 months. The company’s latest data on shares outstanding shows there are 24.48 million shares.

The 4.10% of Agilysys Inc.’s shares are in the hands of company insiders. Also important is the data on short interest which shows that short shares stood at 0.42 million on Apr 28, 2022, giving us a short ratio of 5.75. The data shows that as of Apr 28, 2022 short interest in Agilysys Inc. (AGYS) stood at 1.68% of shares outstanding, with shares short falling to 0.45 million registered in Mar 30, 2022. Current price change has pushed the stock -10.64% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AGYS stock continues to rise going into the next quarter.

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