In the past week, BYD stock has gone down by -4.42%, with a monthly gain of 5.45% and a quarterly surge of 11.46%. The volatility ratio for the week is 2.85%, and the volatility levels for the last 30 days are 2.04% for Boyd Gaming Corp. The simple moving average for the last 20 days is -0.50% for BYD stock, with a simple moving average of -1.56% for the last 200 days.
Is It Worth Investing in Boyd Gaming Corp. (NYSE: BYD) Right Now?
Boyd Gaming Corp. (NYSE: BYD) has a higher price-to-earnings ratio of 11.43x compared to its average ratio. BYD has 36-month beta value of 1.57. Analysts have mixed views 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 68.27M, and currently, short sellers hold a 5.17% ratio of that float. The average trading volume of BYD on September 12, 2024 was 1.03M shares.
BYD) stock’s latest price update
Boyd Gaming Corp. (NYSE: BYD) has seen a decline in its stock price by -0.79 in relation to its previous close of 59.33. However, the company has experienced a -4.42% decline in its stock price over the last five trading sessions. zacks.com reported 2024-09-06 that BYD’s commitment to reinvesting in its properties and expanding its portfolio bode well. However, elevated expenses is a concern.
Analysts’ Opinion of BYD
Many brokerage firms have already submitted their reports for BYD stocks, with Morgan Stanley repeating the rating for BYD by listing it as a “Overweight.” The predicted price for BYD in the upcoming period, according to Morgan Stanley is $74 based on the research report published on September 04, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see BYD reach a price target of $67. The rating they have provided for BYD stocks is “Outperform” according to the report published on May 21st, 2024.
BYD Trading at 1.65% 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 -14.02% of loss for the given period.
Volatility was left at 2.04%, however, over the last 30 days, the volatility rate increased by 2.85%, as shares surge +4.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.47% upper at present.
During the last 5 trading sessions, BYD fell by -4.42%, which changed the moving average for the period of 200-days by -0.64% in comparison to the 20-day moving average, which settled at $59.28. In addition, Boyd Gaming Corp. saw -5.99% 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 JOHNSON MARIANNE BOYD, who sale 73,130 shares at the price of $60.00 back on Aug 30 ’24. After this action, JOHNSON MARIANNE BOYD now owns 1,396,628 shares of Boyd Gaming Corp., valued at $4,387,800 using the latest closing price.
JOHNSON MARIANNE BOYD, the Executive Chairman of Boyd Gaming Corp., sale 73,130 shares at $60.23 during a trade that took place back on Aug 29 ’24, which means that JOHNSON MARIANNE BOYD is holding 1,423,498 shares at $4,404,620 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
- 0.47 for the gross margin
The net margin for Boyd Gaming Corp. stands at 0.13. The total capital return value is set at 0.16. Equity return is now at value 29.14, with 8.02 for asset returns.
Based on Boyd Gaming Corp. (BYD), the company’s capital structure generated 0.64 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 1.79. The interest coverage ratio of the stock is 5.49.
Currently, EBITDA for the company is 1.27 billion with net debt to EBITDA at 2.89. When we switch over and look at the enterprise to sales, we see a ratio of 2.34. The receivables turnover for the company is 29.32for 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 0.83.
Conclusion
To put it simply, Boyd Gaming Corp. (BYD) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
