Boyd Gaming Corporation (NYSE:BYD) went up by 4.30% from its latest closing price compared to the recent 1-year high of $71.00. The company’s stock price has collected 2.91% of gains in the last five trading sessions. Press Release reported on 10/04/21 that Boyd Gaming to Report Third-Quarter 2021 Results, Host Conference Call and Webcast on October 26
Is It Worth Investing in Boyd Gaming Corporation (NYSE :BYD) Right Now?
Boyd Gaming Corporation (NYSE:BYD) scored a price-to-earnings ratio above its average ratio, recording 22.54 x from its present earnings ratio. Plus, the 36-month beta value for BYD is at 2.10. Opinions of the stock are interesting as 9 analysts out of 11 who provided ratings for Boyd Gaming Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $82.40, which is $13.75 above the current price. BYD currently public float of 82.12M and currently shorts hold a 3.06% ratio of that float. Today, the average trading volume of BYD was 1.19M shares.
BYD’s Market Performance
BYD stocks went up by 2.91% for the week, with a monthly jump of 14.08% and a quarterly performance of 20.81%, while its annual performance rate touched 105.32%. The volatility ratio for the week stands at 2.56% while the volatility levels for the past 30 days are set at 3.24% for Boyd Gaming Corporation. The simple moving average for the period of the last 20 days is 5.29% for BYD stocks with a simple moving average of 13.62% for the last 200 days.
Analysts’ Opinion of BYD
Many brokerage firms have already submitted their reports for BYD stocks, with Wells Fargo repeating the rating for BYD by listing it as a “Overweight.” The predicted price for BYD in the upcoming period, according to Wells Fargo is $92 based on the research report published on September 15th of the current year 2021.
KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see BYD reach a price target of $58. The rating they have provided for BYD stocks is “Overweight” according to the report published on January 14th, 2021.
Argus gave a rating of “Buy” to BYD, setting the target price at $36 in the report published on October 30th of the previous year.
BYD Trading at 9.25% from the 50-Day Moving Average
After a stumble in the market that brought BYD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.99% of loss for the given period.
Volatility was left at 3.24%, however, over the last 30 days, the volatility rate increased by 2.56%, as shares surge +13.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.68% upper at present.
During the last 5 trading sessions, BYD rose by +2.91%, which changed the moving average for the period of 200-days by +56.69% in comparison to the 20-day moving average, which settled at $63.81. In addition, Boyd Gaming Corporation saw 55.52% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at BYD starting from SMITH KEITH, who sale 30,000 shares at the price of $57.54 back on Aug 23. After this action, SMITH KEITH now owns 1,226,958 shares of Boyd Gaming Corporation, valued at $1,726,269 using the latest closing price.
SMITH KEITH, the President & CEO of Boyd Gaming Corporation, sale 70,418 shares at $57.92 during a trade that took place back on Aug 18, which means that SMITH KEITH is holding 1,226,958 shares at $4,078,685 based on the most recent closing price.
Stock Fundamentals for BYD
Current profitability levels for the company are sitting at:
- +8.93 for the present operating margin
- +39.49 for the gross margin
The net margin for Boyd Gaming Corporation stands at -6.18. The total capital return value is set at 3.26, while invested capital returns managed to touch -2.31. Equity return is now at value 28.40, with 5.20 for asset returns.
Based on Boyd Gaming Corporation (BYD), the company’s capital structure generated 430.34 points at debt to equity in total, while total debt to capital is 81.14. Total debt to assets is 73.74, with long-term debt to equity ratio resting at 419.56. Finally, the long-term debt to capital ratio is 79.11.
When we switch over and look at the enterprise to sales, we see a ratio of 4.21, with the company’s debt to enterprise value settled at 0.53. The receivables turnover for the company is 38.24 and the total asset turnover is 0.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.24.