The stock of Golden Entertainment Inc (GDEN) has seen a 3.38% increase in the past week, with a -7.94% drop in the past month, and a -15.52% decrease in the past quarter. The volatility ratio for the week is 3.10%, and the volatility levels for the past 30 days are at 2.67% for GDEN. The simple moving average for the last 20 days is -1.67% for GDEN stock, with a simple moving average of -10.48% for the last 200 days.
Is It Worth Investing in Golden Entertainment Inc (NASDAQ: GDEN) Right Now?
The price-to-earnings ratio for Golden Entertainment Inc (NASDAQ: GDEN) is above average at 3.50x. The 36-month beta value for GDEN is also noteworthy at 2.23. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for GDEN is 21.38M, and at present, short sellers hold a 2.70% of that float. The average trading volume of GDEN on May 10, 2024 was 171.85K shares.
GDEN) stock’s latest price update
The stock price of Golden Entertainment Inc (NASDAQ: GDEN) has surged by 5.87 when compared to previous closing price of 30.65, but the company has seen a 3.38% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-08 that The headline numbers for Golden Entertainment (GDEN) 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.
Analysts’ Opinion of GDEN
Many brokerage firms have already submitted their reports for GDEN stocks, with B. Riley Securities repeating the rating for GDEN by listing it as a “Buy.” The predicted price for GDEN in the upcoming period, according to B. Riley Securities is $46 based on the research report published on April 26, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see GDEN reach a price target of $45. The rating they have provided for GDEN stocks is “Buy” according to the report published on March 15th, 2024.
Jefferies gave a rating of “Hold” to GDEN, setting the target price at $43 in the report published on January 09th of the previous year.
GDEN Trading at -4.80% from the 50-Day Moving Average
After a stumble in the market that brought GDEN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.19% of loss for the given period.
Volatility was left at 2.67%, however, over the last 30 days, the volatility rate increased by 3.10%, as shares sank -9.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.39% lower at present.
During the last 5 trading sessions, GDEN rose by +3.38%, which changed the moving average for the period of 200-days by -25.93% in comparison to the 20-day moving average, which settled at $32.84. In addition, Golden Entertainment Inc saw -18.73% 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 GDEN starting from Protell Charles, who sale 8,910 shares at the price of $39.83 back on Dec 21 ’23. After this action, Protell Charles now owns 643,919 shares of Golden Entertainment Inc, valued at $354,885 using the latest closing price.
Protell Charles, the President and CFO of Golden Entertainment Inc, sale 13,557 shares at $41.42 during a trade that took place back on Dec 20 ’23, which means that Protell Charles is holding 643,911 shares at $561,531 based on the most recent closing price.
Stock Fundamentals for GDEN
Current profitability levels for the company are sitting at:
- 0.39 for the present operating margin
- 0.43 for the gross margin
The net margin for Golden Entertainment Inc stands at 0.24. The total capital return value is set at 0.31. Equity return is now at value 57.43, with 16.93 for asset returns.
Based on Golden Entertainment Inc (GDEN), the company’s capital structure generated 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 1.26. The interest coverage ratio of the stock is 6.32.
Currently, EBITDA for the company is 207.29 million with net debt to EBITDA at 3.04. When we switch over and look at the enterprise to sales, we see a ratio of 1.45. The receivables turnover for the company is 62.13for trailing twelve months and the total asset turnover is 0.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.35.
Conclusion
In summary, Golden Entertainment Inc (GDEN) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
