ACEL Stock Summary and Trading Ideas (Accel Entertainment | NYSE:ACEL)

Accel Entertainment Inc is a distributed gaming operator in the United States. It is engaged in the installation, maintenance, and operation of video gaming terminals. The company offers products to restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores. It operates slot machines and amusement equipment. The company generates a majority of its revenue from net gaming. Net gaming revenue represents net cash received from gaming activities, which is the difference between gaming wins and losses. Net gaming revenue includes the amounts earned by location partners and is recognized at the time of gaming play.

Accel Entertainment trades on the NYSE stock market under the symbol ACEL.

As of March 22, 2023, ACEL stock price declined to $8.64 with 240,347 million shares trading.

ACEL has a beta of 0.63, meaning it tends to be less sensitive to market movements. ACEL has a correlation of 0.13 to the broad based SPY ETF.

ACEL has a market cap of $755.72 million. This is considered a Small Cap stock.

Last quarter Accel Entertainment reported $278 million in Revenue and $.24 earnings per share. This beat revenue expectation by $3 million and exceeded earnings estimates by $.02.

In the last 3 years, ACEL stock traded as high as $15.11 and as low as $5.22.

The top ETF exchange traded funds that ACEL belongs to (by Net Assets): VTI, IWM, VXF, IWO, SCHA.

ACEL has underperformed the market in the last year with a price return of -33.6% while the SPY ETF lost -11.3%. However, in the short term, ACEL had mixed performance relative to the market. It has outperformed in the last 3 months, returning +13.8% vs +3.4% return in SPY. But in the last 2 weeks, ACEL shares have been beat by the market, returning -5.6% compared to an SPY return of -1.3%.

ACEL support price is $8.54 and resistance is $8.96 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ACEL stock will trade within this expected range on the day.