The stock of Caesars Entertainment Inc (NASDAQ: CZR) has decreased by -0.90 when compared to last closing price of 36.86. Despite this, the company has experienced a -6.86% fall in its stock price over the last five trading sessions. zacks.com reported 2024-07-18 that Caesars (CZR) announces a significant expansion of its mobile sports betting platform, Caesars Sportsbook, in Washington, D.C.
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 10.27x, Company’s 36-month beta value is 2.99.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.”
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The public float for CZR is 206.16M, and currently, short sellers hold a 8.97% ratio of that floaft. The average trading volume of CZR on July 22, 2024 was 4.78M shares.
CZR’s Market Performance
The stock of Caesars Entertainment Inc (CZR) has seen a -6.86% decrease in the past week, with a -5.85% drop in the past month, and a -4.37% fall in the past quarter. The volatility ratio for the week is 4.30%, and the volatility levels for the past 30 days are at 3.78% for CZR. The simple moving average for the last 20 days is -4.36% for CZR stock, with a simple moving average of -11.84% for the last 200 days.
Analysts’ Opinion of CZR
Many brokerage firms have already submitted their reports for CZR stocks, with Susquehanna repeating the rating for CZR by listing it as a “Negative.” The predicted price for CZR in the upcoming period, according to Susquehanna is $33 based on the research report published on July 15, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see CZR reach a price target of $55. The rating they have provided for CZR stocks is “Strong Buy” according to the report published on May 21st, 2024.
B. Riley Securities gave a rating of “Buy” to CZR, setting the target price at $70 in the report published on May 09th of the current year.
CZR Trading at -0.51% 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 -39.39% of loss for the given period.
Volatility was left at 3.78%, however, over the last 30 days, the volatility rate increased by 4.30%, as shares sank -7.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading unchanged at present.
During the last 5 trading sessions, CZR fell by -7.65%, which changed the moving average for the period of 200-days by -19.67% in comparison to the 20-day moving average, which settled at $38.05. In addition, Caesars Entertainment Inc saw -22.08% 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 Biumi Bonnie, who purchase 1,000 shares at the price of $32.45 back on May 31 ’24. After this action, Biumi Bonnie now owns 24,228 shares of Caesars Entertainment Inc, valued at $32,455 using the latest closing price.
FAHRENKOPF FRANK J JR, the Director of Caesars Entertainment Inc, sale 10,000 shares at $32.52 during a trade that took place back on May 31 ’24, which means that FAHRENKOPF FRANK J JR is holding 350 shares at $325,207 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 2.81. 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.
