Caesars Entertainment Inc. (NASDAQ:CZR) saw an upside of 2.00% to close Tuesday at $117.06 after adding $2.29 on the day. The 5-day average trading volume is 1,636,880 shares of the company’s common stock. It has gained $118.94 in the past week. An average of 2,401,635 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,515,362.
CZR’s 1-month performance is 12.19% or $12.87 on its low of $100.82 reached on 09/13/21. The company’s shares have touched a 52-week low of $43.07 and high of $119.81, with the stock’s rally to the 52-week high happening on 10/01/21. YTD, CZR has achieved 57.61% or $42.79. However, the current price is down -2.30%% from the 52-week high price.
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On Sep 17, 26 days have gone by since the last insider trading activity for Caesars Entertainment Inc. (CZR). Pegram Michael E (Director) most recently sold 5,000 shares at $110.48 per share on Sep 17. This transaction cost the insider $552,425. Chief Legal Officer, Quatmann Edmund L Jr, sold 842 shares at a price of $90.83 on Aug 24. Then, on Aug 11, Exec. Chairman of the Board Carano Gary L. sold 250,000 shares at a price of $91.50 per share. This transaction amounted to $22,874,157.
Caesars Entertainment Inc. (CZR) has a trailing price-to-earnings (P/E) ratio of 21.70 for the broader industry and 30.86 for the sector. The company’s PE ratio for the last five years has touched a high of 67.45 and a low of 3.816. CZR stock has a beta of 3.03. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.55 while the price-to-book (PB) in the most recent quarter is 4.77.
Caesars Entertainment Inc.’s quick ratio for the period ended June 29 was 1.20, with the current ratio over the same period at 1.20 meaning that CZR 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 5.11, while the total debt to equity was 5.12. In terms of profitability, the gross margin trailing 12 months is 49.20%. The trailing 12-month EBITDA margin is 18.51% while for the period ending June 29; Caesars Entertainment Inc.’s operating margin was 4.90%. The firm’s gross profit as reported stood at $1.85 billion against revenue of $3.47 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 CZR to announce -$0.18 per share in earnings in its latest quarter, but it posted $0.34, representing a 288.90% surprise. EBITDA for the quarter stood at more than $590.0 million. CZR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 33.65 billion, with total debt at $26.34 billion. Shareholders hold equity totaling $213.43 million
Let’s look briefly at Caesars Entertainment Inc. (CZR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 61.81% to suggest the stock is trending Neutral, with historical volatility in this time period at 40.49%.
The stock’s 5-day moving average is $115.26, reflecting a +2.00% or $2.30 change from its current price. CZR is currently trading +13.57% above its 20-day SMA, +16.37% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +35.33% and +54.35% respectively.
Stochastic %K and %D was 66.94% and 69.07% and the average true range (ATR) pointed at 4.13. The RSI (14) points at 62.16%, while the 14-day stochastic is at 71.65% with the period’s ATR at 4.19. The stock’s 9-day MACD Oscillator is pointing at -0.39 and 0.25 on the 14-day charts.
In the most recent analyst report for Caesars Entertainment Inc. (NASDAQ: CZR), Wells Fargo launched coverage with an Overweight rating. Analysts offering their rating for CZR stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate CZR as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 11 have offered a “buy” rating.
What is CZR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $112.00 and a high of $148.00, with their median price target at $127.00. Looking at these predictions, the average price target given by analysts is for Caesars Entertainment Inc. (CZR) stock is $129.33.