Boyd Gaming Corporation (NYSE:BYD) saw an upside of 4.30% to close Tuesday at $66.75 after adding $2.75 on the day. The 5-day average trading volume is 1,042,720 shares of the company’s common stock. It has gained $67.29 in the past week. An average of 1,207,795 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,158,772.
BYD’s 1-month performance is 14.08% or $7.50 on its low of $57.36 reached on 09/14/21. The company’s shares have touched a 52-week low of $30.30 and high of $71.00, with the stock’s rally to the 52-week high happening on 04/28/21. YTD, BYD has achieved 55.52% or $23.83. However, the current price is down -5.99%% from the 52-week high price.
3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
On Aug 23, 51 days have gone by since the last insider trading activity for Boyd Gaming Corporation (BYD). SMITH KEITH (President & CEO) most recently sold 30,000 shares at $57.54 per share on Aug 23. This transaction cost the insider $1,726,269. President & CEO, SMITH KEITH, sold 70,418 shares at a price of $57.92 on Aug 18. Then, on Aug 13, Executive Vice President Thompson Stephen S. sold 11,962 shares at a price of $60.12 per share. This transaction amounted to $719,108.
The company’s PE ratio for the last five years has touched a high of 68.98 and a low of 4.913. BYD stock has a beta of 2.10. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.57 while the price-to-book (PB) in the most recent quarter is 5.59, with the price to cash flow ratio at 11.68.
Boyd Gaming Corporation’s quick ratio for the period ended June 29 was 0.90, with the current ratio over the same period at 0.90 meaning that BYD stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 2.43, while the total debt to equity was 2.46. In terms of profitability, the gross margin trailing 12 months is 57.30%. The trailing 12-month EBITDA margin is 24.38% while for the period ending June 29; Boyd Gaming Corporation’s operating margin was 21.50%. The firm’s gross profit as reported stood at $1.14 billion against revenue of $2.18 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected BYD to announce $0.9 per share in earnings in its latest quarter, but it posted $1.54, representing a 71.10% surprise. EBITDA for the quarter stood at more than $336.53 million. BYD stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 4.93 billion, with total debt at $4.28 billion. Shareholders hold equity totaling $112.22 million
Let’s look briefly at Boyd Gaming Corporation (BYD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 64.88% to suggest the stock is trending Neutral, with historical volatility in this time period at 38.10%.
The stock’s 5-day moving average is $64.79, reflecting a +2.91% or $1.89 change from its current price. BYD is currently trading +13.95% above its 20-day SMA, +11.88% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +15.68% and +56.69% respectively.
Stochastic %K and %D was 63.94% and 60.44% and the average true range (ATR) pointed at 2.10. The RSI (14) points at 62.12%, while the 14-day stochastic is at 87.08% with the period’s ATR at 2.12. The stock’s 9-day MACD Oscillator is pointing at 0.04 and 0.03 on the 14-day charts.
In the most recent analyst report for Boyd Gaming Corporation (NYSE: BYD), Wells Fargo launched coverage with an Overweight rating. Analysts offering their rating for BYD stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate BYD as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 9 have offered a “buy” rating.
What is BYD’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $70.00 and a high of $92.00, with their median price target at $83.00. Looking at these predictions, the average price target given by analysts is for Boyd Gaming Corporation (BYD) stock is $82.40.