Boyd Gaming Corp. (NYSE: BYD) has experienced a decline in its stock price by -0.54 compared to its previous closing price of 58.86. However, the company has seen a gain of 3.01% in its stock price over the last five trading days. zacks.com reported 2024-07-18 that Boyd (BYD) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is It Worth Investing in Boyd Gaming Corp. (NYSE: BYD) Right Now?
The price-to-earnings ratio for Boyd Gaming Corp. (NYSE: BYD) is above average at 10.52x, Company’s 36-month beta value is 1.59.Analysts have differing opinions on the stock, with 7 analysts rating it as a “buy,” 0 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for BYD is 72.76M, and currently, short sellers hold a 4.99% ratio of that floaft. The average trading volume of BYD on July 19, 2024 was 1.20M shares.
BYD’s Market Performance
BYD’s stock has seen a 3.01% increase for the week, with a 7.49% rise in the past month and a -8.09% fall in the past quarter. The volatility ratio for the week is 1.71%, and the volatility levels for the past 30 days are at 2.41% for Boyd Gaming Corp. The simple moving average for the past 20 days is 6.16% for BYD’s stock, with a -2.01% simple moving average for the past 200 days.
Analysts’ Opinion of BYD
Many brokerage firms have already submitted their reports for BYD stocks, with Raymond James repeating the rating for BYD by listing it as a “Outperform.” The predicted price for BYD in the upcoming period, according to Raymond James is $67 based on the research report published on May 21, 2024 of the current year 2024.
JP Morgan gave a rating of “Neutral” to BYD, setting the target price at $67 in the report published on April 26th of the current year.
BYD Trading at 7.98% from the 50-Day Moving Average
After a stumble in the market that brought BYD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.81% of loss for the given period.
Volatility was left at 2.41%, however, over the last 30 days, the volatility rate increased by 1.71%, as shares surge +8.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.59% upper at present.
During the last 5 trading sessions, BYD rose by +3.01%, which changed the moving average for the period of 200-days by -3.76% in comparison to the 20-day moving average, which settled at $55.38. In addition, Boyd Gaming Corp. saw -6.50% 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 BYD starting from SPADAFOR CHRISTINE J., who sale 1,874 shares at the price of $53.38 back on May 22 ’24. After this action, SPADAFOR CHRISTINE J. now owns 2,338 shares of Boyd Gaming Corp., valued at $100,034 using the latest closing price.
BOYD WILLIAM S, the 10% Owner of Boyd Gaming Corp., sale 32,703 shares at $62.10 during a trade that took place back on Mar 14 ’24, which means that BOYD WILLIAM S is holding 8,762,746 shares at $2,030,856 based on the most recent closing price.
Stock Fundamentals for BYD
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 0.5 for the gross margin
The net margin for Boyd Gaming Corp. stands at 0.15. The total capital return value is set at 0.17. Equity return is now at value 32.60, with 8.87 for asset returns.
Based on Boyd Gaming Corp. (BYD), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3. The debt to equity ratio resting at 1.69. The interest coverage ratio of the stock is 5.6.
Currently, EBITDA for the company is 1.27 billion with net debt to EBITDA at 2.79. When we switch over and look at the enterprise to sales, we see a ratio of 2.39. The receivables turnover for the company is 31.41for trailing twelve months and the total asset turnover is 0.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.80.
Conclusion
In a nutshell, Boyd Gaming Corp. (BYD) has experienced a mixed 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.
