Caesars Entertainment Inc (NASDAQ: CZR) has experienced a rise in its stock price by 2.04 compared to its previous closing price of 35.33. However, the company has seen a fall of -4.05% in its stock price over the last five trading days. InvestorPlace reported 2024-05-06 that If you really want to maximize your return potential, then acquiring stocks near 52-week lows could present a viable opportunity. Stated simply, it’s a way to practice buying low and selling high.
Is It Worth Investing in Caesars Entertainment Inc (NASDAQ: CZR) Right Now?
The price-to-earnings ratio for Caesars Entertainment Inc (NASDAQ: CZR) is above average at 10.14x, Company’s 36-month beta value is 2.92.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for CZR is 206.21M, and currently, short sellers hold a 7.22% ratio of that floaft. The average trading volume of CZR on May 07, 2024 was 3.49M shares.
CZR’s Market Performance
The stock of Caesars Entertainment Inc (CZR) has seen a -4.05% decrease in the past week, with a -15.99% drop in the past month, and a -15.67% fall in the past quarter. The volatility ratio for the week is 5.02%, and the volatility levels for the past 30 days are at 3.72% for CZR.. The simple moving average for the past 20 days is -7.11% for CZR’s stock, with a -21.18% simple moving average for the past 200 days.
Analysts’ Opinion of CZR
Many brokerage firms have already submitted their reports for CZR stocks, with JMP Securities repeating the rating for CZR by listing it as a “Mkt Outperform.” The predicted price for CZR in the upcoming period, according to JMP Securities is $65 based on the research report published on January 09, 2024 of the current year 2024.
CapitalOne, on the other hand, stated in their research note that they expect to see CZR reach a price target of $51. The rating they have provided for CZR stocks is “Equal Weight” according to the report published on October 12th, 2023.
Susquehanna gave a rating of “Neutral” to CZR, setting the target price at $39 in the report published on May 25th of the previous year.
CZR Trading at -11.27% from the 50-Day Moving Average
After a stumble in the market that brought CZR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -40.19% of loss for the given period.
Volatility was left at 3.72%, however, over the last 30 days, the volatility rate increased by 5.02%, as shares sank -16.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.45% lower at present.
During the last 5 trading sessions, CZR fell by -4.05%, which changed the moving average for the period of 200-days by -35.77% in comparison to the 20-day moving average, which settled at $38.46. In addition, Caesars Entertainment Inc saw -23.10% 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 CZR starting from Pegram Michael E, who purchase 15,000 shares at the price of $41.45 back on Mar 06 ’24. After this action, Pegram Michael E now owns 151,697 shares of Caesars Entertainment Inc, valued at $621,750 using the latest closing price.
Pegram Michael E, the Director of Caesars Entertainment Inc, purchase 15,000 shares at $41.90 during a trade that took place back on Nov 10 ’23, which means that Pegram Michael E is holding 136,697 shares at $628,562 based on the most recent closing price.
Stock Fundamentals for CZR
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.5 for the gross margin
The net margin for Caesars Entertainment Inc stands at 0.07. The total capital return value is set at 0.08. Equity return is now at value 19.10, with 2.30 for asset returns.
Based on Caesars Entertainment Inc (CZR), the company’s capital structure generated 0.74 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 2.78. The interest coverage ratio of the stock is 1.01.
Currently, EBITDA for the company is 3.84 billion with net debt to EBITDA at 6.5. When we switch over and look at the enterprise to sales, we see a ratio of 2.8. The receivables turnover for the company is 20.76for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.69.
Conclusion
In a nutshell, Caesars Entertainment Inc (CZR) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
