Century Casinos Inc. (CNTY): A Technical Analysis

CNTY has 36-month beta value of 2.58. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”

The public float for CNTY is 25.84M, and currently, short sellers hold a 5.07% ratio of that float. The average trading volume of CNTY on April 19, 2024 was 169.50K shares.

CNTY) stock’s latest price update

Century Casinos Inc. (NASDAQ: CNTY)’s stock price has dropped by -7.32 in relation to previous closing price of 3.14. Nevertheless, the company has seen a loss of -13.13% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-08 that Century Casinos (CNTY) expands in Missouri with the Riverview opening. The company stated progress with the construction of a new land-based hotel in Caruthersville.

CNTY’s Market Performance

CNTY’s stock has fallen by -13.13% in the past week, with a monthly rise of 3.19% and a quarterly drop of -19.50%. The volatility ratio for the week is 5.09% while the volatility levels for the last 30 days are 6.62% for Century Casinos Inc. The simple moving average for the past 20 days is -6.46% for CNTY’s stock, with a -39.52% simple moving average for the past 200 days.

CNTY Trading at -3.56% from the 50-Day Moving Average

After a stumble in the market that brought CNTY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -64.12% of loss for the given period.

Volatility was left at 6.62%, however, over the last 30 days, the volatility rate increased by 5.09%, as shares sank -3.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.39% lower at present.

During the last 5 trading sessions, CNTY fell by -13.13%, which changed the moving average for the period of 200-days by -59.01% in comparison to the 20-day moving average, which settled at $3.11. In addition, Century Casinos Inc. saw -40.37% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at CNTY starting from HOETZINGER PETER, who purchase 980 shares at the price of $5.99 back on Sep 14 ’23. After this action, HOETZINGER PETER now owns 144,800 shares of Century Casinos Inc., valued at $5,870 using the latest closing price.

HOETZINGER PETER, the Vice Chairman/Co CEO/President of Century Casinos Inc., purchase 8,000 shares at $5.75 during a trade that took place back on Sep 12 ’23, which means that HOETZINGER PETER is holding 1,077,084 shares at $46,000 based on the most recent closing price.

Stock Fundamentals for CNTY

Current profitability levels for the company are sitting at:

  • 0.12 for the present operating margin
  • 0.44 for the gross margin

The net margin for Century Casinos Inc. stands at -0.04. The total capital return value is set at 0.05. Equity return is now at value -21.25, with -2.51 for asset returns.

Based on Century Casinos Inc. (CNTY), the company’s capital structure generated 0.73 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at 2.77. The interest coverage ratio of the stock is 0.69.

Currently, EBITDA for the company is 120.67 million with net debt to EBITDA at 7.75. When we switch over and look at the enterprise to sales, we see a ratio of 1.7. The receivables turnover for the company is 30.14for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.21.

Conclusion

To put it simply, Century Casinos Inc. (CNTY) has had a bad performance in recent times. Analysts have a bullish 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.

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