Brightstar Lottery PLC Shares Enter Oversold Territory with 6.18% Annual Dividend Yield
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
0mins
Source: NASDAQ.COM
- Oversold Signal: Brightstar Lottery PLC's Relative Strength Index (RSI) has dropped to 29.8, indicating it has entered oversold territory below the 30 threshold, suggesting that recent selling pressure may be nearing exhaustion and presenting potential buying opportunities for investors.
- Dividend Yield: With a current share price of $14.25, BRSL's annualized dividend stands at $0.88, translating to an attractive annual yield of 6.18%, which appeals to income-seeking investors, particularly in light of the recent price decline.
- Market Comparison: Compared to the average RSI of 55.8 for other dividend stocks covered by Dividend Channel, BRSL's significantly lower RSI indicates that its stock may be undervalued, potentially drawing the attention of value investors looking for bargains.
- Investor Strategy: Investors should assess BRSL's dividend history to determine the likelihood of sustaining future dividends, especially in the context of the current oversold condition, which may influence investment decisions amid increasing market volatility.
Analyst Views on BRSL
Wall Street analysts forecast BRSL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BRSL is 19.33 USD with a low forecast of 18.00 USD and a high forecast of 21.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 14.040
Low
18.00
Averages
19.33
High
21.00
Current: 14.040
Low
18.00
Averages
19.33
High
21.00
About BRSL
Brightstar Lottery PLC, formerly International Game Technology PLC, is a global lottery company. The Company provides integrated solution OMNIA, that unites retail and digital lottery channels. Its technology solutions include retail solutions, digital solutions, and systems. Its retail terminals support all types of retailers with the camera technology in the smallest footprint, which includes Retail Terminals, Self-Service Vending, In-Lane Lottery Solutions, and LotteryLink. Its Retail Terminals include Retailer Pro S2 Lottery Terminal, Retailer Select Lottery Terminal, Retailer Vue Lottery Terminal, and Retailer to Go S2. Its Self-Service Vending includes GameTouch 28, GameTouch 20, and GameTouch Draw S2. Its digital solutions include Web and mobile solutions, digital systems and data platforms. Its lottery solution is a suite of lottery products and applications. Its instant ticket services are suppliers of instant games and services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
