Weekly Performance Analysis for Caesars Entertainment Inc. (CZR)

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Caesars Entertainment Inc. (NASDAQ:CZR) saw an upside of 5.93% to close Monday at $50.34 after adding $2.82 on the day. The 5-day average trading volume is 2,886,600 shares of the company’s common stock. It has gained $50.94 in the past week and touched a new high 3 times within the past 5 days. An average of 3,045,885 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,245,024.

CZR’s 1-month performance is 11.77% or $7.25 on its low of $39.70 reached on 12/29/22. The company’s shares have touched a 52-week low of $31.31 and high of $89.80, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, CZR has achieved 21.01% or $8.74 and has reached a new high 8 times. However, the current price is down -43.94% from the 52-week high price.

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Insider Transactions

CZR stock investors last saw insider trading activity on Nov 04.FAHRENKOPF FRANK J JR (Director) most recently sold 2,695 shares at $52.00 per share on Jun 08. This transaction cost the insider $140,140. Director, Morgan Sandra Douglass, sold 756 shares at a price of $79.28 on Mar 17. Then, on Feb 01, Chief Legal Officer Quatmann Edmund L Jr sold 1,482 shares at a price of $80.46 per share. This transaction amounted to $119,237.

Valuation Metrics

CZR stock has a beta of 2.86. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.98 while the price-to-book (PB) in the most recent quarter is 2.81.

Caesars Entertainment Inc.’s quick ratio for the period ended June 29 was 0.80, with the current ratio over the same period at 0.80. As well, the company’s long term debt to equity for the quarter ending June 29 was 6.62, while the total debt to equity was 6.64. In terms of profitability, the gross margin trailing 12 months is 44.70%. The firm’s gross profit as reported stood at $5.3 billion against revenue of $9.57 billion.

Earnings Surprise

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 548.08% to $52.0 million, while revenue of -$123.0 million was 336.54% off the previous quarter. Analysts expected CZR to announce $0.17 per share in earnings in its latest quarter, but it posted -$0.57, representing a -435.30% surprise. EBITDA for the quarter stood at more than $659.0 million. CZR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 29.7 billion, with total debt at $26.26 billion. Shareholders hold equity totaling $214.57 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 23 January was 66.48% to suggest the stock is trending Neutral, with historical volatility in this time period at 45.01%.

The stock’s 5-day moving average is $47.77, reflecting a +4.07% or $1.97 change from its current price. CZR is currently trading +12.09% above its 20-day SMA, +14.05% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +12.74% and SMA200 by-34.76%.

Stochastic %K and %D was 76.39% and 73.88% and the average true range (ATR) pointed at 2.22. The RSI (14) points at 61.20%, while the 14-day stochastic is at 93.74% with the period’s ATR at 2.22. The stock’s 9-day MACD Oscillator is pointing at 0.51 and 1.85 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Caesars Entertainment Inc. (NASDAQ: CZR), BofA Securities downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for CZR stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate CZR as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 10 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 $27.00 and a high of $102.00, with their median price target at $64.50. Looking at these predictions, the average price target given by analysts is for Caesars Entertainment Inc. (CZR) stock is $65.36.

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