An Analysis Of Caesars Entertainment Inc. (CZR)’s Weekly Performance

As of Thursday close, Caesars Entertainment Inc.’s (NASDAQ:CZR) stock was down -$1.08, moving down -2.19 percent to $48.18. The average number of shares traded per day over the past five days has been 4,205,340 shares. 5 times new highs have been achieved over the past 5 days, with a $3.29 gain in that time frame. In the last twenty days, the average volume was 3,715,045, while in the previous 50 days, it was 4,025,848.

Since last month, CZR stock rose 19.49%. Shares of the company fell to $35.10 on 07/14/22, the lowest level in the past month. A 52-week high of $119.81 was reached on 01/03/22 after having rallying from a 52-week low of $35.10. Since the beginning of this year, CZR’s stock price has dropped by -48.49% or -$45.35, and marked a new high 1 time. However, the stock has declined by -59.79% since its 52-week high.

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Caesars Entertainment Inc. (CZR) last reported insider trading activity 49 days ago on Jun 17. TOMICK DAVID P, the Director of the company, purchased of 1,100 shares for $38.39 on Jun 17. It resulted in a $42,229 investment by the insider. KORNSTEIN DON R added 2,500 shares at an average price of $38.10 on Jun 16. The insider now owns 34,353 shares following the transaction. On Jun 14, Director KORNSTEIN DON R bought 1,000 shares at $39.00 apiece. The transaction was valued at $39,000.

Valuation Metrics

The stock’s beta is 2.79. Besides these, the trailing price-to-sales (P/S) ratio of 0.98, the price-to-book (PB) ratio of 2.72, and the price-to-cash flow ratio of 53.32 may also be considered.

Financial Health

In the three months ended June 29, Caesars Entertainment Inc.’s quick ratio stood at 1.00, while its current ratio was 1.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 6.93, and the total debt-to-equity ratio was 6.95. On the profitability front, the trailing twelve-month gross margin is 44.60% percent. In the year ended June 29, operating margins totaled 9.90%. Based on annual data, CZR earned $5.3 billion in gross profit and brought in $9.57 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.90%. Return on equity (ROE) for the past 12 months was -27.90%.

In Caesars Entertainment Inc.’s quarter-end financial report for June 29, it reported total debt of $13.74 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CZR’s revenue rose 25.87% to $2.68 billion during the quarter, while net income inched up to $2.29 billion. While analysts expected Caesars Entertainment Inc. to report $0.17 quarterly earnings, the actual figure was -$0.57 per share, beating the consensus estimate by -435.30%. During the quarter, the company generated -$10.0 million in EBITDA. The liabilities of Caesars Entertainment Inc. were 33.23 billion at the end of its most recent quarter ended June 29. The value of shareholders’ equity is $214.37 million.

Technical Picture

This quick technical analysis looks at Caesars Entertainment Inc.’s (CZR) price momentum. With a historical volatility rate of 60.41%, the RSI 9-day stood at 66.03% on 04 August.

With respect to its five-day moving average, the current Caesars Entertainment Inc. price is up by +7.33% percent or $3.29. At present, CZR shares trade +16.01% above its 20-day simple moving average and -35.60% percent below its 100-day simple moving average. However, the stock is currently trading approximately -0.15% below its SMA50 and -57.36% below its SMA200.

Stochastic coefficient K was 89.55% and Stochastic coefficient D was 93.80%, while ATR was 2.77. Given the Stochastic reading of 78.15% for the 14-day period, the RSI (14) reading has been calculated as 60.34%. As of today, the MACD Oscillator reading stands at 3.36, while the 14-day reading stands at 4.52.

Analyst Ratings

Susquehanna launched its rating on Caesars Entertainment Inc. (NASDAQ: CZR) to a Neutral in a note to investors on July 20, 2022. Caesars Entertainment Inc. (CZR) has been rated Buy by analysts. According to 1 brokerage firm, CZR is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Caesars Entertainment Inc. stock as buy, with 14 recommending it as overweight.

With a median target price of $73.50, the current consensus forecast for the stock is $32.00 – $102.00. Based on these forecasts, analysts predict Caesars Entertainment Inc. (CZR) will achieve an average price target of $72.79.


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