Price Forecast:

Bullish Case: Increased demand for gaming technology coupled with Everi's expansion into digital solutions could drive significant revenue growth, bolstered by positive market sentiment and historical trends favoring long-term gains.

Bearish Case: Regulatory pressures and elevated economic uncertainty may dampen consumer spending on gaming, risking further declines in EVRI’s stock price amidst a volatile market environment.

Potential Outcomes:

• Strengthened industry position through new product launches (60% chance).
• Negative regulatory changes impacting profitability (30% chance).
• Sluggish consumer recovery post-pandemic affecting sales (10% chance).

Trading Oracle: Given the current elevated implied volatility and positive historical return sentiment, initiate a 2-month long call spread targeting 14.00 to 15.00 strikes, leveraging high reward-to-risk positioning from the volatility surface. This approach plays on anticipated bullish momentum driven by upcoming product launches.

November 30, 2024