The stock price of Boyd Gaming Corp (NYSE: BYD) has jumped by 0.07 compared to previous close of 73.05. Despite this, the company has seen a gain of 1.87% in its stock price over the last five trading days. zacks.com reported 2024-11-15 that The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here’s why you should take advantage.
Is It Worth Investing in Boyd Gaming Corp (NYSE: BYD) Right Now?
Boyd Gaming Corp (NYSE: BYD) has a price-to-earnings ratio of 13.97x that is above its average ratio. Additionally, the 36-month beta value for BYD is 1.55. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 2 rating it as “overweight,” 9 rating it as “hold,” and 0 rating it as “sell.”
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The public float for BYD is 65.68M and currently, short sellers hold a 3.94% ratio of that float. The average trading volume of BYD on November 28, 2024 was 834.02K shares.
BYD’s Market Performance
BYD’s stock has seen a 1.87% increase for the week, with a 2.05% rise in the past month and a 21.98% gain in the past quarter. The volatility ratio for the week is 1.49%, and the volatility levels for the past 30 days are at 1.84% for Boyd Gaming Corp. The simple moving average for the past 20 days is 1.67% for BYD’s stock, with a 19.58% simple moving average for the past 200 days.
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 7.78% 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 -2.25% of loss for the given period.
Volatility was left at 1.84%, however, over the last 30 days, the volatility rate increased by 1.49%, as shares surge +3.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.07% upper at present.
During the last 5 trading sessions, BYD rose by +1.87%, which changed the moving average for the period of 200-days by +12.69% in comparison to the 20-day moving average, which settled at $71.90. In addition, Boyd Gaming Corp saw 16.75% 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 SMITH KEITH, who sale 30,000 shares at the price of $72.15 back on Nov 22 ’24. After this action, SMITH KEITH now owns 1,101,202 shares of Boyd Gaming Corp, valued at $2,164,500 using the latest closing price.
SMITH KEITH, the President and CEO of Boyd Gaming Corp, sale 30,000 shares at $71.77 during a trade that took place back on Nov 19 ’24, which means that SMITH KEITH is holding 1,131,202 shares at $2,153,100 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
- 0.53 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 29.41, with 7.93 for asset returns.
Based on Boyd Gaming Corp (BYD), the company’s capital structure generated 0.65 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 1.88. The interest coverage ratio of the stock is 5.38.
Currently, EBITDA for the company is 1.18 billion with net debt to EBITDA at 3.26. When we switch over and look at the enterprise to sales, we see a ratio of 2.6. The receivables turnover for the company is 37.15for 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 0.82.
Conclusion
In conclusion, Boyd Gaming Corp (BYD) 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.
