The stock of Red Rock Resorts Inc (RRR) has gone down by -4.20% for the week, with a -8.00% drop in the past month and a 2.99% rise in the past quarter. The volatility ratio for the week is 2.85%, and the volatility levels for the past 30 days are 2.74% for RRR. The simple moving average for the last 20 days is -8.50% for RRR’s stock, with a simple moving average of 12.64% for the last 200 days.
Is It Worth Investing in Red Rock Resorts Inc (NASDAQ: RRR) Right Now?
Red Rock Resorts Inc (NASDAQ: RRR) has a higher price-to-earnings ratio of 21.64x compared to its average ratio. RRR has 36-month beta value of 2.06. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for RRR is 49.68M, and currently, short sellers hold a 3.47% ratio of that float. The average trading volume of RRR on April 26, 2024 was 403.83K shares.
RRR) stock’s latest price update
The stock price of Red Rock Resorts Inc (NASDAQ: RRR) has dropped by -7.18 compared to previous close of 59.23. Despite this, the company has seen a fall of -4.20% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-16 that Investors with an interest in Gaming stocks have likely encountered both UbiSoft Entertainment Inc. (UBSFY) and Red Rock Resorts (RRR). But which of these two companies is the best option for those looking for undervalued stocks?
Analysts’ Opinion of RRR
Many brokerage firms have already submitted their reports for RRR stocks, with Mizuho repeating the rating for RRR by listing it as a “Buy.” The predicted price for RRR in the upcoming period, according to Mizuho is $69 based on the research report published on March 26, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see RRR reach a price target of $60. The rating they have provided for RRR stocks is “Overweight” according to the report published on January 18th, 2024.
RRR Trading at -5.62% from the 50-Day Moving Average
After a stumble in the market that brought RRR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.12% of loss for the given period.
Volatility was left at 2.74%, however, over the last 30 days, the volatility rate increased by 2.85%, as shares sank -8.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.28% lower at present.
During the last 5 trading sessions, RRR fell by -4.29%, which changed the moving average for the period of 200-days by +13.28% in comparison to the 20-day moving average, which settled at $59.85. In addition, Red Rock Resorts Inc saw 4.90% 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 RRR starting from Cootey Stephen Lawrence, who sale 7,520 shares at the price of $57.74 back on Feb 23 ’24. After this action, Cootey Stephen Lawrence now owns 243,808 shares of Red Rock Resorts Inc, valued at $434,234 using the latest closing price.
Stock Fundamentals for RRR
Current profitability levels for the company are sitting at:
- 0.32 for the present operating margin
- 0.62 for the gross margin
The net margin for Red Rock Resorts Inc stands at 0.13. The total capital return value is set at 0.15. Equity return is now at value 165.55, with 4.82 for asset returns.
Based on Red Rock Resorts Inc (RRR), the company’s capital structure generated 0.95 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 20.33. The interest coverage ratio of the stock is 3.09.
Currently, EBITDA for the company is 691.22 million with net debt to EBITDA at 4.42. When we switch over and look at the enterprise to sales, we see a ratio of 3.78. The receivables turnover for the company is 22.57for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.81.
Conclusion
To put it simply, Red Rock Resorts Inc (RRR) has had a mixed 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.
