Red Rock Resorts Inc (NASDAQ: RRR) has a price-to-earnings ratio that is above its average at 20.35x. The stock has a 36-month beta value of 2.04. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for RRR is 50.01M, and at present, short sellers hold a 3.45% of that float. On May 08, 2024, the average trading volume of RRR was 445.87K shares.
RRR) stock’s latest price update
The stock price of Red Rock Resorts Inc (NASDAQ: RRR) has plunged by -7.34 when compared to previous closing price of 54.36, but the company has seen a -5.76% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-07 that The headline numbers for Red Rock Resorts (RRR) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
RRR’s Market Performance
Red Rock Resorts Inc (RRR) has experienced a -5.76% fall in stock performance for the past week, with a -18.59% drop in the past month, and a -7.22% drop in the past quarter. The volatility ratio for the week is 2.63%, and the volatility levels for the past 30 days are at 2.90% for RRR. The simple moving average for the last 20 days is -11.95% for RRR stock, with a simple moving average of 2.75% for the last 200 days.
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 -12.77% 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 -20.41% of loss for the given period.
Volatility was left at 2.90%, however, over the last 30 days, the volatility rate increased by 2.63%, as shares sank -16.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.52% lower at present.
During the last 5 trading sessions, RRR fell by -5.22%, which changed the moving average for the period of 200-days by +0.36% in comparison to the 20-day moving average, which settled at $56.72. In addition, Red Rock Resorts Inc saw -3.89% 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 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 4.98. 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 sum up, Red Rock Resorts Inc (RRR) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
