As of Friday close, Caesars Entertainment Inc.’s (NASDAQ:CZR) stock was down -$1.52, moving down -3.40 percent to $43.19. The average number of shares traded per day over the past five days has been 4,384,420 shares. 2 times new highs have been achieved over the past 5 days, with a -$4.12 fall in that time frame. In the last twenty days, the average volume was 3,444,170, while in the previous 50 days, it was 3,120,522.
Since last month, CZR stock retreated -19.86%. Shares of the company fell to $41.80 on 03/17/23, the lowest level in the past month. A 52-week high of $81.57 was reached on 02/03/23 after having rallying from a 52-week low of $31.31. Since the beginning of this year, CZR’s stock price has risen by 3.82% or $1.59, and marked a new high 14 times. However, the stock has declined by -47.05% since its 52-week high.
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CZR stock investors should be aware that Caesars Entertainment Inc. (CZR) stock had its last reported insider trading activity 134 days ago on Nov 04. Pegram Michael E, the Director of the company, purchased of 25,000 shares for $44.74 on Nov 04. It resulted in a $1,118,572 investment by the insider. TOMICK DAVID P added 1,100 shares at an average price of $38.39 on Jun 17. The insider now owns 5,800 shares following the transaction. On Jun 16, Director KORNSTEIN DON R bought 2,500 shares at $38.10 apiece. The transaction was valued at $95,250.
The stock’s beta is 2.90. Besides these, the trailing price-to-sales (P/S) ratio of 0.90, the price-to-book (PB) ratio of 2.49, and the price-to-cash flow ratio of 421.16 may also be considered.
In the three months ended December 30, Caesars Entertainment Inc.’s quick ratio stood at 0.80, while its current ratio was 0.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 6.81, and the total debt-to-equity ratio was 6.83. On the profitability front, the trailing twelve-month gross margin is 47.40% percent. In the year ended December 30, operating margins totaled 15.30%. Based on annual data, CZR earned $5.83 billion in gross profit and brought in $10.82 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 5.80%. Return on equity (ROE) for the past 12 months was -24.00%.
In Caesars Entertainment Inc.’s quarter-end financial report for December 30, it reported total debt of $12.66 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 4.86% to $2.89 billion during the quarter, while net income inched up to $2.82 billion. While analysts expected Caesars Entertainment Inc. to report -$0.17 quarterly earnings, the actual figure was -$0.7 per share, beating the consensus estimate by -311.80%.
This quick technical analysis looks at Caesars Entertainment Inc.’s (CZR) price momentum. With a historical volatility rate of 41.99%, the RSI 9-day stood at 25.17% on 17 March.
With respect to its five-day moving average, the current Caesars Entertainment Inc. price is down by -8.71% percent or -$4.12. At present, CZR shares trade -17.23% below its 20-day simple moving average and +9.04% percent above its 100-day simple moving average. However, the stock is currently trading approximately -4.85% below its SMA50 and -13.91% below its SMA200.
Stochastic coefficient K was 11.77% and Stochastic coefficient D was 14.08%, while ATR was 2.58. Given the Stochastic reading of 10.18% for the 14-day period, the RSI (14) reading has been calculated as 31.87%. As of today, the MACD Oscillator reading stands at -3.31, while the 14-day reading stands at -5.08.
Stifel reiterated its a Buy rating on Caesars Entertainment Inc. (NASDAQ: CZR) in a note to investors. The analysts firm has however raised their price target to $68, representing a possible 31.44% increase in the stock price. Caesars Entertainment Inc. (CZR) has been rated Overweight by analysts. According to 0 brokerage firms, CZR is a sell, and 3 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 10 recommending it as overweight.
With a median target price of $70.00, the current consensus forecast for the stock is $55.00 – $111.00. Based on these forecasts, analysts predict Caesars Entertainment Inc. (CZR) will achieve an average price target of $73.00.