The stock of Caesars Entertainment Inc. (NASDAQ:CZR) increased by $0.91 on Tuesday to finish at $52.88, up 1.75 percent. The last five days have seen an average of 1,958,200 shares of common stock traded. 19 times new highs were reached in the current year, with a gain of $11.28. The average number of shares traded over the last 20 days was 2,345,140, while the average volume over the last 50 days totaled 2,470,286.
CZR stock dropped -10.40% since last month. On 08/23/23, the company’s shares reached a one-month low of $50.77. The stock touched a high of $60.27 on 07/27/23, after rallying from a low of $31.31 in 52 weeks. The price of CZR stock has risen by 27.12% or $11.28 this year, reaching a new high 19 times. Still, the stock price is down -12.26% from the 52-week high.
Insider Transactions
CZR stock investors should be aware that Caesars Entertainment Inc. (CZR) stock had its last reported insider trading activity 5 days ago on Aug 25. On Aug 25, CAO & Chief Admin. Officer Lepori Stephanie sold 33,282 shares at $51.70 each. This transaction resulted in the insider making $1,720,823. On Jun 14, Reeg Thomas added 7,500 shares at a price of US$49.43. After the transaction, the insider now owns 17,500 shares. Director Pegram Michael E had earlier bought 25,000 shares on May 05 for $45.02 a share. The transaction was completed for $1,125,432.
Valuation Metrics
Caesars Entertainment Inc. (CZR) has a trailing price-to-earnings (P/E) ratio of 16.64. Beta for the stock is 2.91. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.00, the price-to-book (PB) ratio of 2.50, and the price-to-cash flow ratio of 15.17.
Financial Health
For the three months ended June 29, Caesars Entertainment Inc.’s quick ratio was 0.80, while its current ratio was 0.80, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 5.54, and the total debt to equity ratio is 5.55. As far as profitability goes, gross margin for the trailing twelve months is 51.10% percent. Caesars Entertainment Inc.’s EBITDA margin for the year ended June 29 was 28.83%, whereas its operating margin stood at 18.20% for the same period. Based on annual data, it had gross profit of $5.83 billion and revenue of $10.82 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CZR’s return on assets (ROA) during the last 12 months has been 2.10%. There was a 5.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 17.50%.
Earnings Surprise
According to Caesars Entertainment Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.88 billion, while revenues rose by 2.01% to $2.83 billion. It was predicted that Caesars Entertainment Inc.’s quarterly earnings would be $4.26, but it ended up being $0.33, beating the consensus by 1,190.90%. EBITDA was $609.0 million for the quarter. At the end of Caesars Entertainment Inc.’s most recent quarter ended June 29, its liabilities totaled 28.81 billion, while its total debt was $26.09 billion. Equity owned by shareholders amounts to $215.29 million.
Technical Picture
Here’s a quick look at Caesars Entertainment Inc.’s (CZR) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 46.88%, suggesting the stock is Neutral, with a 25.55% historical volatility rate.
The stochastic %K and %D were 20.98% and 18.53% respectively, while the average true range (ATR) was 1.72. Based on the 14-day stochastic reading of 32.61%, the RSI (14) reading is 47.27%. On the 9-day MACD Oscillator, the stock is at 0.09, and the 14-day reading is at -0.85.
Analyst Ratings
In its most recent analyst report, Susquehanna raised its rating on Caesars Entertainment Inc. (NASDAQ: CZR) to a Neutral. Prior to this, analysts firm rated the stock as a Negative. Analysts have assigned Caesars Entertainment Inc. (CZR) an Overweight rating. CZR is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 10 others recommend it as a buy.
What is CZR’s price target for the next 12 months?
The current consensus forecast for the stock is between $49.00 and $111.00, with a median target price of $70.50. In analyzing these forecasts, the average price target given by analysts for Caesars Entertainment Inc. (CZR) is $73.21.
