Eldorado Resorts, Inc. (NASDAQ:ERI) went up by 9.52% from its latest closing price when compared to the 1-year high value of $70.74 and move down -78.68%, while ERI stocks collected -4.02% of loss with the last five trading sessions. Press Release reported on 06/26/20 that Federal Trade Commission Clears Eldorado and Caesars Merger
Eldorado Resorts, Inc. (NASDAQ:ERI) Worth an Investment?
Eldorado Resorts, Inc. (NASDAQ: ERI) The 36 Months beta value for ERI stocks is at 2.79, while of the analysts out of 0 who provided ratings for Eldorado Resorts, Inc. stocks as a “buy” while as overweight, rated it as hold and as sell. The average price we get from analysts is $47.10 which is $6.14 above current price. ERI currently has a short float of 39.94% and public float of 65.87M with average trading volume of 8.72M shares.
ERI Market Performance
ERI stocks went down by -4.02% for the week, with the monthly jump of 11.65% and a quarterly performance of 228.55%, while its annual performance rate touched -14.07%. The simple moving average for the period of the last 20 days is -1.11% for ERI stocks with the simple moving average of -4.37% for the last 200 days.
Analysts’ Opinion on Eldorado Resorts, Inc. (NASDAQ:ERI)
Many brokerage firms have already submitted their reports for ERI stocks, with Morgan Stanley repeating the rating for ERI shares by setting it to “Overweight”. The predicted price for ERI socks in the upcoming period according to Morgan Stanley is $65 based on the research report published on November 19, 2019.
Susquehanna, on the other hand, stated in their research note that they expect to see ERI stock at the price of $50. The rating they have provided for ERI stocks is “Neutral” according to the report published on July 24, 2019.
Wolfe Research gave “ Outperform” rating to ERI stocks, setting the target price at $50 in the report published on June 25, 2019.
ERI Stocks 31.76% Far from 50 Day Moving Average
After a stumble in the market that brought ERI to its low price for the period of the last 52 weeks, Eldorado Resorts, Inc. was unable to take a rebound, for now settling with -44.03% of loss for the given period.
The stock volatility was left at 9.82%, however, within the period of a single month, the volatility rate increased by 10.69%, while the shares surge at the distance of +9.70% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by +137.07% upper at the present time.
In the course of the last 5 trading sessions, ERI went down by -4.02%, which changed the moving average for the period of 200 days to the total of -7.74% of losses for the stock in comparison to the 20-day moving average settled at $40.21. In addition, Eldorado Resorts, Inc. saw -33.62% in overturn over the period of a single year with a tendency to cut further losses.
ERI Stock Insider Trading
Reports are indicating that there were more than several insider trading activities at Eldorado Resorts, Inc. (ERI), starting from Recreational Enterprises, Inc., who sold 171,542 shares at the price of $6.97 back on Mar 18. After this action, Rushing now owns 8,604,325 shares of Eldorado Resorts, Inc., valued at $1,195,470 with the latest closing price.
Recreational Enterprises, Inc., the 10% Owner of Eldorado Resorts, Inc., sold 2,354,000 shares at the value of $11.68 during a trade that took place back on Mar 17, which means that Recreational Enterprises, Inc. is holding 8,775,867 shares at the value of $27,483,812 based on the most recent closing price.
ERI Stock Fundamentals
The current profitability levels are settled at +17.74 for the present operating margin and +44.32 for gross margin. The net margin for Eldorado Resorts, Inc. stands at +3.20. Total capital return value is set at 8.87, while invested capital returns managed to touch 1.65. Equity return holds the value -12.40%, with -2.20% for asset returns.
Based on Eldorado Resorts, Inc. (ERI), the company’s capital structure generated 334.58 points for debt to equity in total, while total debt to capital is set at the value of 76.99. Total debt to assets is settled at the value of 66.27 with long-term debt to equity ratio rests at 1.57 and long-term debt to capital is 310.76.
The value for Enterprise to Sales is 3.24 with debt to enterprise value settled at 0.46. The receivables turnover for Eldorado Resorts, Inc. is 37.75 with the total asset turnover at the value of 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.88.