Monarch Casino & Resort, Inc. (NASDAQ: MCRI)’s stock price has gone rise by 11.25 in comparison to its previous close of 68.78, however, the company has experienced a 10.35% increase in its stock price over the last five trading days. zacks.com reported 2024-07-24 that While the top- and bottom-line numbers for Monarch Casino (MCRI) 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 Monarch Casino & Resort, Inc. (NASDAQ: MCRI) Right Now?
Monarch Casino & Resort, Inc. (NASDAQ: MCRI) has a price-to-earnings ratio that is above its average at 17.88x. The stock has a 36-month beta value of 1.75. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for MCRI is 13.02M, and at present, short sellers hold a 2.04% of that float. On July 26, 2024, the average trading volume of MCRI was 133.61K shares.
MCRI’s Market Performance
MCRI’s stock has seen a 10.35% increase for the week, with a 13.40% rise in the past month and a 11.03% gain in the past quarter. The volatility ratio for the week is 4.38%, and the volatility levels for the past 30 days are at 2.25% for Monarch Casino & Resort, Inc. The simple moving average for the past 20 days is 12.09% for MCRI’s stock, with a 13.67% simple moving average for the past 200 days.
Analysts’ Opinion of MCRI
Truist, on the other hand, stated in their research note that they expect to see MCRI reach a price target of $65, previously predicting the price at $90. The rating they have provided for MCRI stocks is “Hold” according to the report published on October 19th, 2023.
Macquarie gave a rating of “Neutral” to MCRI, setting the target price at $81 in the report published on January 18th of the previous year.
MCRI Trading at 13.33% from the 50-Day Moving Average
After a stumble in the market that brought MCRI to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 1.49% of gains for the given period.
Volatility was left at 2.25%, however, over the last 30 days, the volatility rate increased by 4.38%, as shares surge +13.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.77% upper at present.
During the last 5 trading sessions, MCRI rose by +10.35%, which changed the moving average for the period of 200-days by +22.67% in comparison to the 20-day moving average, which settled at $68.72. In addition, Monarch Casino & Resort, Inc. saw 10.66% 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 MCRI starting from FARAHI JOHN, who sale 2,000 shares at the price of $68.00 back on Jun 21 ’24. After this action, FARAHI JOHN now owns 525,310 shares of Monarch Casino & Resort, Inc., valued at $136,000 using the latest closing price.
FARAHI JOHN, the CEO of Monarch Casino & Resort, Inc., sale 1,000 shares at $69.00 during a trade that took place back on Dec 26 ’23, which means that FARAHI JOHN is holding 565,297 shares at $69,000 based on the most recent closing price.
Stock Fundamentals for MCRI
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.47 for the gross margin
The net margin for Monarch Casino & Resort, Inc. stands at 0.16. The total capital return value is set at 0.21. Equity return is now at value 17.00, with 12.46 for asset returns.
Based on Monarch Casino & Resort, Inc. (MCRI), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at 2.77. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is 413.81.
Currently, EBITDA for the company is 163.36 million with net debt to EBITDA at 0.02. 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 44.66for trailing twelve months and the total asset turnover is 0.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.45.
Conclusion
To sum up, Monarch Casino & Resort, Inc. (MCRI) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.