The stock of Ballys Corporation (BALY) has seen a 2.94% increase in the past week, with a 8.53% gain in the past month, and a 31.58% flourish in the past quarter. The volatility ratio for the week is 3.60%, and the volatility levels for the past 30 days are at 3.67% for BALY. The simple moving average for the past 20 days is 2.95% for BALY’s stock, with a 9.47% simple moving average for the past 200 days.
Is It Worth Investing in Ballys Corporation (NYSE: BALY) Right Now?
BALY has 36-month beta value of 2.05. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BALY is 22.83M, and currently, short sellers hold a 8.71% ratio of that float. The average trading volume of BALY on April 19, 2024 was 498.71K shares.
BALY) stock’s latest price update
Ballys Corporation (NYSE: BALY) has seen a rise in its stock price by 3.93 in relation to its previous close of 13.47. However, the company has experienced a 2.94% gain in its stock price over the last five trading sessions. Business Wire reported 2024-04-18 that PROVIDENCE, R.I.–(BUSINESS WIRE)–Bally’s Corporation (NYSE: BALY) announced today that it will release financial results for the first quarter 2024 after market close on Wednesday, May 1, 2024. Management will host a conference call on the same day at 4:30 p.m. EDT to discuss results. To access the conference call, please dial (888) 632-3384 (U.S. toll-free) and reference conference ID BALYQ124. An online audio webcast of the conference call will be available via the Investor Relations sectio.
Analysts’ Opinion of BALY
Wells Fargo, on the other hand, stated in their research note that they expect to see BALY reach a price target of $10. The rating they have provided for BALY stocks is “Underweight” according to the report published on January 05th, 2024.
Stifel gave a rating of “Hold” to BALY, setting the target price at $25 in the report published on November 02nd of the previous year.
BALY Trading at 14.32% from the 50-Day Moving Average
After a stumble in the market that brought BALY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.43% of loss for the given period.
Volatility was left at 3.67%, however, over the last 30 days, the volatility rate increased by 3.60%, as shares surge +3.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.15% upper at present.
During the last 5 trading sessions, BALY rose by +2.94%, which changed the moving average for the period of 200-days by -11.22% in comparison to the 20-day moving average, which settled at $13.63. In addition, Ballys Corporation saw 0.43% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BALY starting from ROLLINS JEFFREY W, who purchase 5,000 shares at the price of $10.00 back on Nov 09 ’23. After this action, ROLLINS JEFFREY W now owns 87,175 shares of Ballys Corporation, valued at $50,000 using the latest closing price.
PATEL JAYMIN B, the Director of Ballys Corporation, purchase 10,000 shares at $8.84 during a trade that took place back on Nov 06 ’23, which means that PATEL JAYMIN B is holding 33,624 shares at $88,400 based on the most recent closing price.
Stock Fundamentals for BALY
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.5 for the gross margin
The net margin for Ballys Corporation stands at -0.07. The total capital return value is set at -0.02. Equity return is now at value -23.95, with -2.62 for asset returns.
Based on Ballys Corporation (BALY), the company’s capital structure generated 0.85 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 5.85. The interest coverage ratio of the stock is -0.46.
Currently, EBITDA for the company is 320.43 million with net debt to EBITDA at 19.37. When we switch over and look at the enterprise to sales, we see a ratio of 2.17. The receivables turnover for the company is 18.48for trailing twelve months and the total asset turnover is 0.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.65.
Conclusion
To put it simply, Ballys Corporation (BALY) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
