The stock price of Churchill Downs, Inc. (NASDAQ: CHDN) has surged by 2.68 when compared to previous closing price of 137.25, but the company has seen a 0.40% gain in its stock price over the last five trading sessions. zacks.com reported 2024-07-24 that While the top- and bottom-line numbers for Churchill Downs (CHDN) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Is It Worth Investing in Churchill Downs, Inc. (NASDAQ: CHDN) Right Now?
The price-to-earnings ratio for Churchill Downs, Inc. (NASDAQ: CHDN) is above average at 25.99x. The 36-month beta value for CHDN is also noteworthy at 0.96. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CHDN is 66.54M, and at present, short sellers hold a 2.15% of that float. The average trading volume of CHDN on July 25, 2024 was 527.73K shares.
CHDN’s Market Performance
The stock of Churchill Downs, Inc. (CHDN) has seen a 0.40% increase in the past week, with a 1.12% rise in the past month, and a 14.21% gain in the past quarter. The volatility ratio for the week is 2.16%, and the volatility levels for the past 30 days are at 1.79% for CHDN. The simple moving average for the past 20 days is 0.39% for CHDN’s stock, with a 12.48% simple moving average for the past 200 days.
Analysts’ Opinion of CHDN
Many brokerage firms have already submitted their reports for CHDN stocks, with Wells Fargo repeating the rating for CHDN by listing it as a “Overweight.” The predicted price for CHDN in the upcoming period, according to Wells Fargo is $141 based on the research report published on April 15, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see CHDN reach a price target of $142. The rating they have provided for CHDN stocks is “Buy” according to the report published on March 26th, 2024.
Wells Fargo gave a rating of “Equal Weight” to CHDN, setting the target price at $137 in the report published on January 05th of the current year.
CHDN Trading at 2.78% from the 50-Day Moving Average
After a stumble in the market that brought CHDN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.90% of loss for the given period.
Volatility was left at 1.79%, however, over the last 30 days, the volatility rate increased by 2.16%, as shares sank -0.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.42% upper at present.
During the last 5 trading sessions, CHDN rose by +0.26%, which changed the moving average for the period of 200-days by +25.79% in comparison to the 20-day moving average, which settled at $140.38. In addition, Churchill Downs, Inc. saw 4.44% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CHDN starting from VARGA PAUL C, who purchase 3,800 shares at the price of $130.22 back on Apr 29 ’24. After this action, VARGA PAUL C now owns 28,902 shares of Churchill Downs, Inc., valued at $494,836 using the latest closing price.
Stock Fundamentals for CHDN
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.34 for the gross margin
The net margin for Churchill Downs, Inc. stands at 0.16. The total capital return value is set at 0.11. Equity return is now at value 43.24, with 5.93 for asset returns.
Based on Churchill Downs, Inc. (CHDN), the company’s capital structure generated 0.82 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 4.71. The interest coverage ratio of the stock is 5.01.
Currently, EBITDA for the company is 920.8 million with net debt to EBITDA at 5.26. When we switch over and look at the enterprise to sales, we see a ratio of 5.74. The receivables turnover for the company is 19.22for trailing twelve months and the total asset turnover is 0.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.57.
Conclusion
In summary, Churchill Downs, Inc. (CHDN) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
