Home Top Movers Inspired Entertainment, Inc. (INSE) Stock On the Upswing Following Relaxing of Covid-19...

Inspired Entertainment, Inc. (INSE) Stock On the Upswing Following Relaxing of Covid-19 Restrictions

Inspired Entertainment, Inc. (INSE) stock prices were up 14.50% shortly after the trading day commenced on May 26th, 2021, bringing the price per share up to USD$10.82.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Public Offering

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

The company announced on May 26th that it had decided on the pricing of its previously announced underwritten public offering. INSE is set to offer up to 5,406,633 million shares of its common stock at a public price of USD$9.25 per share. Underwriters were also granted the option to purchase up to an addition 810,995 shares are the public offering price, minus underwriting discounts and commissions. The offering is expected to close on June 1st, 2021, pending customary closing conditions.

Read More

English Economic Reopening

With the UK government having outlined a roadmap for the reopening of the economy, INSE is anticipating businesses to be open without restrictions by June 21st, 2021. As of April 12th of 2021, outdoor dining was the only option available for English pubs, while betting shops could only open with 50% machine capacity. Current forecasts anticipate the opening of pubs, betting shops, and holiday parks with social distancing regulations in place by May 17th, 2021.

European Economic Reopening

The company’s presence in Greece has seen the Greek Organisation of Football Prognostics (OPAP) reopen their betting shops on April 12th, 2021. The only service available at that time was Virtual Sports due to the restrictions imposed by the onset of the global pandemic. Despite a lack of public government guidance, INSE forecasts Greece and Italy to allow for businesses to reopen without restrictions by the third quarter of the fiscal year 2021.

Gradual Recovery

With the recent and gradual lifting of government-mandated regulations and restrictions due to the coronavirus pandemic, the company is encouraged by trends it has observed across the business as a result. Despite it only having been weeks since English betting shops opened again, as well as the restriction of being allowed only two out of four machines per shop, the company reported gross gaming revenue per operational machine that exceeded reports from December 2020, when the shops were operating under the same conditions.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Future Outlook for INSE

With the world hurtling towards global immunizations, INSE is poised to capitalize on a reopened economy without restrictions. The company is keen to facilitate further growth, armed with its solid liquidity position which it has bolstered throughout the month of May in 2021. Current and potential investors are hopeful that INSE will be able to facilitate the resources at its disposal to usher in significant and sustained increases in shareholder value.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Aprea Therapeutics Inc. (APRE) stock soars during current market trading. What’s the update?

Aprea Therapeutics Inc. (NASDAQ: APRE) stock gained by 41.03% at the last check in the current market trading. Aprea Therapeutics is a pharmaceutical business...

Roblox Corp. (NASDAQ: RBLX) stock falls during pre-market trading session. What’s happening?

Roblox Corp. (NASDAQ: RBLX) stock gained by 2.28% at last close while the RBLX stock price declines by 8.13% in the pre-market trading session....

Can-Fite BioPharma Inc. (CANF) stock soars during current market. Why so?

Can-Fite BioPharma Inc. (NASDAQ: CANF) stock gained by 4.42% in the current market trading session. Can-Fite BioPharma Ltd. is a medication research company in...

UXIN stock surges during current market. Here’s to know why?

Uxin Ltd. (NASDAQ: UXIN) stock gains by 14.67% at last check during current market trading. In China, Uxin Limited is a prominent online used...

Opgen Inc. (OPGN) stock surged during pre-market session. What’s driving it high?

Opgen Inc. (NASDAQ: OPGN) stock declined by 1.84% at the last close whereas the OPGN stock price gains by 22.07% in the pre-market trading...

Aprea Therapeutics Inc. (APRE) stock soars during current market trading. What’s the update?

Aprea Therapeutics Inc. (NASDAQ: APRE) stock gained by 41.03% at the last check in the current market trading. Aprea Therapeutics is a pharmaceutical business...

TAL Education Group (TAL) stock is tumbling today: What’s Going on?

Shares of the TAL Education Group (TAL) stock were tumbling in the current market trading session today on June 16, 2021, without any obvious...

SPI Energy Inc. (SPI) stock surged in the current market trading. Here’s the update

SPI Energy Inc. (NASDAQ: SPI) stock soars by 15.42% during the current market trading session. SPI Energy is an international renewable energy company that...

Related News

Applied UV, Inc. (AUVI) stock is Popping High today: Here’s to know why

Applied UV, Inc. (AUVI) stock announced today that its SteriLumen Lumicide™ Ribbon which is its proprietary connected UVC disinfection platform for surface disinfection can...

TAL Education Group (TAL) stock is tumbling today: What’s Going on?

Shares of the TAL Education Group (TAL) stock were tumbling in the current market trading session today on June 16, 2021, without any obvious...

Why Kindred Biosciences, Inc. (KIN) stock is soaring today?

Shares of the Kindred Biosciences, Inc. (KIN) stock continuing the rising trend in pre-market today on June 16, 2021, following the announcement of the...

Ampio Pharmaceuticals Inc. (AMPE) stock fell during pre-market trading. Here’s to know why?

Ampio Pharmaceuticals Inc. (NASDAQ: AMPE) stock gained by 4.71% at last close whereas the AMPE stock price declines by 2.65% in the pre-market trading...

Aptinyx Inc. (APTX) stock fell during after-hour. Here’s to know why?

Aptinyx Inc. (NASDAQ: APTX) stock declined by 0.29% at last close while the APTX stock price has been observed falling more during the after-hour...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam