Financial Analysis: Light & Wonder (NASDAQ:LNW) and Canna-Global Acquisition (NASDAQ:CNGL)

Light & Wonder (NASDAQ:LNW) and Canna-Global Acquisition (NASDAQ:CNGL) are both consumer discretionary companies, but which is the better stock? We will contrast the two companies based on the strength of their institutional ownership, dividends, risk, analyst recommendations, profitability, valuation and earnings.

Profitability

This table compares Light & Wonder and Canna-Global Acquisition’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Light & Wonder	9.30%	49.91%	7.27%
Canna-Global Acquisition	N/A	N/A	N/A

Earnings & Valuation

This table compares Light & Wonder and Canna-Global Acquisition”s revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Light & Wonder	$2.90 billion	3.10	$163.00 million	$3.22	31.62
Canna-Global Acquisition	N/A	N/A	N/A	N/A	N/A

Light & Wonder has higher revenue and earnings than Canna-Global Acquisition.

Institutional & Insider Ownership

88.1% of Light & Wonder shares are owned by institutional investors. Comparatively, 19.6% of Canna-Global Acquisition shares are owned by institutional investors. 2.1% of Light & Wonder shares are owned by insiders. Comparatively, 72.1% of Canna-Global Acquisition shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Analyst Recommendations

This is a breakdown of current ratings and recommmendations for Light & Wonder and Canna-Global Acquisition, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Light & Wonder	1	4	8	2	2.73
Canna-Global Acquisition	0	0	0	0	0.00

Light & Wonder presently has a consensus target price of $109.25, indicating a potential upside of 7.29%. Given Light & Wonder’s stronger consensus rating and higher possible upside, analysts plainly believe Light & Wonder is more favorable than Canna-Global Acquisition.

Risk and Volatility

Light & Wonder has a beta of 1.72, suggesting that its share price is 72% more volatile than the S&P 500. Comparatively, Canna-Global Acquisition has a beta of -0.02, suggesting that its share price is 102% less volatile than the S&P 500.

Summary

Light & Wonder beats Canna-Global Acquisition on 10 of the 11 factors compared between the two stocks.

About Light & Wonder

Light & Wonder, Inc. is a cross-platform global games company, which engages in the development of content and digital markets. It operates through the following segments: Gaming, SciPlay, and iGaming. The Gaming segment includes the design, manufacture, marketing, and distribution of portfolio of gaming products and services. The SciPlay segment involves the development and publishing of digital games on mobile and web platforms. The iGaming segment focuses on the provision of digital gaming content, distribution platforms, player account management systems, and services. The company was founded on July 2, 1984 and is headquartered in Las Vegas, NV.

About Canna-Global Acquisition

Canna-Global Acquisition Corp. does not have significant operations. The company intends to acquire and engage in a share exchange, share reconstruction, and amalgamation with one or more businesses or entities. It intends to focus its search of target business in the cannabis industry. The company was incorporated in 2021 and is based in Marina Del Rey, California.