Red Rock Resorts Inc. (NASDAQ:RRR) saw an upside of 4.78% to close Friday at $53.67 after adding $2.45 on the day. The 5-day average trading volume is 645,480 shares of the company’s common stock. It has gained $54.42 in the past week and touched a new high 4 times within the past 5 days. An average of 757,075 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 742,688.
RRR’s 1-month performance is 13.28% or $6.29 on its low of $41.91 reached on 09/13/21. The company’s shares have touched a 52-week low of $16.56 and high of $53.31, with the stock’s rally to the 52-week high happening on 10/01/21. YTD, RRR has achieved 114.34% or $28.63 and has reached a new high 43 times. However, the current price is up 0.68%% from the 52-week high price.
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The company’s PE ratio for the last five years has touched a high of 338.79 and a low of 9.297. RRR stock has a beta of 2.55. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.19 while the price-to-book (PB) in the most recent quarter is 11.18, with the price to cash flow ratio at 11.38.
Red Rock Resorts Inc.’s quick ratio for the period ended June 29 was 4.00, with the current ratio over the same period at 4.00 meaning that RRR stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 7.86, while the total debt to equity was 7.94. In terms of profitability, the gross margin trailing 12 months is 66.70%The trailing 12-month EBITDA margin is 30.15% while for the period ending June 29; Red Rock Resorts Inc.’s operating margin was 18.20%. The firm’s gross profit as reported stood at $681.15 million against revenue of $1.18 billion.
The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. Red Rock Resorts Inc.’s return on assets over the past 12 months stands at 2.60%. Return on investment over the past year is -0.80%, while its return on equity (ROE) trailing 12 months is 29.60%. In comparison, the average ROE for the broader industry over the past year is -3.50.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 74.67% to $428.16 million, while revenue of $352.62 million was 17.64% off the previous quarter. Analysts expected RRR to announce $0.39 per share in earnings in its latest quarter, but it posted $1.12, representing a 187.20% surprise. EBITDA for the quarter stood at more than $202.72 million. RRR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.92 billion, with total debt at $2.68 billion. Shareholders hold equity totaling $116.36 million
Let’s look briefly at Red Rock Resorts Inc. (RRR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 75.54% to suggest the stock is trending Overbought, with historical volatility in this time period at 57.71%.
The stock’s 5-day moving average is $52.28, reflecting a +5.82% or $2.95 change from its current price. RRR is currently trading +13.35% above its 20-day SMA, +35.02% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +32.42% and +115.80% respectively.
Stochastic %K and %D was 87.64% and 89.99% and the average true range (ATR) pointed at 2.04. The RSI (14) points at 71.74%, while the 14-day stochastic is at 93.71% with the period’s ATR at 1.99. The stock’s 9-day MACD Oscillator is pointing at 1.25 and 2.92 on the 14-day charts.
In the most recent analyst report for Red Rock Resorts Inc. (NASDAQ: RRR), Wells Fargo launched coverage with an Overweight rating. Analysts offering their rating for RRR stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate RRR as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.
What is RRR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $43.00 and a high of $62.00, with their median price target at $55.00. Looking at these predictions, the average price target given by analysts is for Red Rock Resorts Inc. (RRR) stock is $52.67.