The stock of Ballys Corporation (BALY) has gone up by 0.85% for the week, with a 1.94% rise in the past month and a 4.39% rise in the past quarter. The volatility ratio for the week is 0.61%, and the volatility levels for the past 30 days are 0.50% for BALY.. The simple moving average for the past 20 days is 1.69% for BALY’s stock, with a 23.97% simple moving average for the past 200 days.
Is It Worth Investing in Ballys Corporation (NYSE: BALY) Right Now?
The stock has a 36-month beta value of 2.07. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 9 as “hold,” and 0 as “sell.”
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The public float for BALY is 25.37M, and at present, short sellers hold a 14.38% of that float. On November 15, 2024, the average trading volume of BALY was 391.69K shares.
BALY) stock’s latest price update
The stock price of Ballys Corporation (NYSE: BALY) has jumped by 0.34 compared to previous close of 17.78. Despite this, the company has seen a gain of 0.85% in its stock price over the last five trading days. 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.
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 2.37% 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 -0.86% of loss for the given period.
Volatility was left at 0.50%, however, over the last 30 days, the volatility rate increased by 0.61%, as shares surge +1.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.78% upper at present.
During the last 5 trading sessions, BALY rose by +0.85%, which changed the moving average for the period of 200-days by +58.44% in comparison to the 20-day moving average, which settled at $17.54. In addition, Ballys Corporation saw 27.98% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for BALY
Current profitability levels for the company are sitting at:
- -0.14 for the present operating margin
- 0.4 for the gross margin
The net margin for Ballys Corporation stands at -0.3. The total capital return value is set at -0.06. Equity return is now at value -131.93, with -11.18 for asset returns.
Based on Ballys Corporation (BALY), the company’s capital structure generated 0.96 points at debt to capital in total, while cash flow to debt ratio is standing at 0.03. The debt to equity ratio resting at 21.25. The interest coverage ratio of the stock is -2.4.
Currently, EBITDA for the company is 442.23 million with net debt to EBITDA at -14.9. When we switch over and look at the enterprise to sales, we see a ratio of 2.21. The receivables turnover for the company is 40.7for trailing twelve months and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.56.
Conclusion
To sum up, Ballys Corporation (BALY) 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.
