Caesars Entertainment Inc (NASDAQ: CZR)’s stock price has gone rise by 3.06 in comparison to its previous close of 44.18, however, the company has experienced a 3.95% increase in its stock price over the last five trading days. zacks.com reported 2024-10-28 that CZR’s third-quarter 2024 results are likely to reflect the impact of increased competition, construction disruptions and higher expenses.
Is It Worth Investing in Caesars Entertainment Inc (NASDAQ: CZR) Right Now?
Company’s 36-month beta value is 2.96.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.”
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 CZR is 205.78M, and currently, short sellers hold a 7.06% ratio of that floaft. The average trading volume of CZR on October 29, 2024 was 4.70M shares.
CZR’s Market Performance
CZR stock saw an increase of 3.95% in the past week, with a monthly gain of 9.26% and a quarterly increase of 23.39%. The volatility ratio for the week is 2.70%, and the volatility levels for the last 30 days are 3.31% for Caesars Entertainment Inc (CZR). The simple moving average for the last 20 days is 3.21% for CZR’s stock, with a simple moving average of 14.94% 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 11.86% 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 -9.85% of loss for the given period.
Volatility was left at 3.31%, however, over the last 30 days, the volatility rate increased by 2.70%, as shares surge +9.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.12% upper at present.
During the last 5 trading sessions, CZR rose by +3.95%, which changed the moving average for the period of 200-days by +0.86% in comparison to the 20-day moving average, which settled at $44.11. In addition, Caesars Entertainment Inc saw -2.88% 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 MATHER COURTNEY, who sale 693 shares at the price of $34.74 back on Aug 06 ’24. After this action, MATHER COURTNEY now owns 37,650 shares of Caesars Entertainment Inc, valued at $24,075 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
- 0.47 for the gross margin
The net margin for Caesars Entertainment Inc stands at -0.02. The total capital return value is set at 0.08. Equity return is now at value -6.28, with -0.84 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 0.11. The debt to equity ratio resting at 2.85. The interest coverage ratio of the stock is 1.02.
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 2.98. The receivables turnover for the company is 20.86for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.70.
Conclusion
In a nutshell, Caesars Entertainment Inc (CZR) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
