Additionally, the 36-month beta value for BALY is 2.07. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 9 rating it as “hold,” and 0 rating it as “sell.”
The public float for BALY is 25.37M and currently, short sellers hold a 14.14% ratio of that float. The average trading volume of BALY on November 08, 2024 was 375.29K shares.
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BALY) stock’s latest price update
Ballys Corporation (NYSE: BALY)’s stock price has increased by 0.06 compared to its previous closing price of 17.69. However, the company has seen a 1.32% increase in its stock price over the last five trading sessions. zacks.com reported 2024-11-06 that The headline numbers for Bally’s (BALY) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
BALY’s Market Performance
Ballys Corporation (BALY) has experienced a 1.32% rise in stock performance for the past week, with a 1.20% rise in the past month, and a 4.00% rise in the past quarter. The volatility ratio for the week is 0.68%, and the volatility levels for the past 30 days are at 0.46% for BALY. The simple moving average for the past 20 days is 1.28% for BALY’s stock, with a 24.07% simple moving average for the past 200 days.
Analysts’ Opinion of BALY
Wells Fargo, on the other hand, stated in their research note that they expect to see BALY reach a price target of $10. The rating they have provided for BALY stocks is “Underweight” according to the report published on January 05th, 2024.
Stifel gave a rating of “Hold” to BALY, setting the target price at $25 in the report published on November 02nd of the previous year.
BALY Trading at 1.88% from the 50-Day Moving Average
After a stumble in the market that brought BALY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.64% of loss for the given period.
Volatility was left at 0.46%, however, over the last 30 days, the volatility rate increased by 0.68%, as shares surge +1.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.27% upper at present.
During the last 5 trading sessions, BALY rose by +1.32%, which changed the moving average for the period of 200-days by +54.59% in comparison to the 20-day moving average, which settled at $17.48. In addition, Ballys Corporation saw 26.97% 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 BALY starting from ROLLINS JEFFREY W, who purchase 5,000 shares at the price of $10.00 back on Nov 09 ’23. After this action, ROLLINS JEFFREY W now owns 87,175 shares of Ballys Corporation, valued at $50,000 using the latest closing price.
Stock Fundamentals for BALY
Current profitability levels for the company are sitting at:
- -0.07 for the present operating margin
- 0.4 for the gross margin
The net margin for Ballys Corporation stands at -0.23. The total capital return value is set at -0.03. Equity return is now at value -78.14, with -8.37 for asset returns.
Based on Ballys Corporation (BALY), the company’s capital structure generated 0.9 points at debt to capital in total, while cash flow to debt ratio is standing at 0.04. The debt to equity ratio resting at 9.49. The interest coverage ratio of the stock is -0.56.
Currently, EBITDA for the company is 320.43 million with net debt to EBITDA at 16.53. When we switch over and look at the enterprise to sales, we see a ratio of 2.19. The receivables turnover for the company is 26.11for trailing twelve months and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.60.
Conclusion
In conclusion, Ballys Corporation (BALY) has seen better performance in recent times. Analysts have a mixed 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.
