The stock of Boyd Gaming Corp. (BYD) has gone up by 9.98% for the week, with a 10.16% rise in the past month and a 21.82% rise in the past quarter. The volatility ratio for the week is 3.05%, and the volatility levels for the past 30 days are 2.04% for BYD. The simple moving average for the last 20 days is 7.48% for BYD stock, with a simple moving average of 16.59% for the last 200 days.
Is It Worth Investing in Boyd Gaming Corp. (NYSE: BYD) Right Now?
Boyd Gaming Corp. (NYSE: BYD) has a price-to-earnings ratio of 13.45x that is above its average ratio. Additionally, the 36-month beta value for BYD is 1.57. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 0 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
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The public float for BYD is 68.27M and currently, short sellers hold a 4.86% ratio of that float. The average trading volume of BYD on October 31, 2024 was 868.59K shares.
BYD) stock’s latest price update
The stock of Boyd Gaming Corp. (NYSE: BYD) has decreased by -1.73 when compared to last closing price of 71.63. Despite this, the company has experienced a 9.98% gain in its stock price over the last five trading sessions. zacks.com reported 2024-10-25 that BYD’s third-quarter 2024 results reflect benefits from investments in the Downtown Las Vegas and Midwest & South segments.
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 11.46% 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 -2.49% of loss for the given period.
Volatility was left at 2.04%, however, over the last 30 days, the volatility rate increased by 3.05%, as shares surge +9.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.30% upper at present.
During the last 5 trading sessions, BYD rose by +9.98%, which changed the moving average for the period of 200-days by +11.85% in comparison to the 20-day moving average, which settled at $65.49. In addition, Boyd Gaming Corp. saw 12.43% 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 BYD starting from William R. Boyd, who proposed sale 100,000 shares at the price of $71.08 back on Oct 30 ’24. After this action, William R. Boyd now owns shares of Boyd Gaming Corp., valued at $7,108,000 using the latest closing price.
Hirsberg Josh, the Officer of Boyd Gaming Corp., proposed sale 21,549 shares at $71.18 during a trade that took place back on Oct 30 ’24, which means that Hirsberg Josh is holding shares at $1,533,858 based on the most recent closing price.
Stock Fundamentals for BYD
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.45 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 5.38.
Currently, EBITDA for the company is 1.27 billion with net debt to EBITDA at 3.05. When we switch over and look at the enterprise to sales, we see a ratio of 2.58. The receivables turnover for the company is 29.77for trailing twelve months and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.83.
Conclusion
In conclusion, Boyd Gaming Corp. (BYD) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
