As of Friday close, Caesars Entertainment Inc.’s (NASDAQ:CZR) stock was down -$1.51, moving down -3.18 percent to $46.00. The average number of shares traded per day over the past five days has been 2,752,980 shares. 1 time new highs have been achieved over the past 5 days, with a -$6.87 fall in that time frame. In the last twenty days, the average volume was 2,275,590, while in the previous 50 days, it was 2,442,896.
Since last month, CZR stock retreated -13.37%. Shares of the company fell to $45.94 on 09/22/23, the lowest level in the past month. A 52-week high of $60.27 was reached on 07/27/23 after having rallying from a 52-week low of $31.31. Since the beginning of this year, CZR’s stock price has risen by 10.58% or $4.40, and marked a new high 19 times. However, the stock has declined by -23.68% 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 29 days ago on Aug 25. Lepori Stephanie, the CAO & Chief Admin. Officer of the company, disposed of 33,282 shares for $51.70 on Aug 25. It resulted in a $1,720,823 divestment by the insider. Reeg Thomas added 7,500 shares at an average price of $49.43 on Jun 14. The insider now owns 17,500 shares following the transaction. On May 05, Director Pegram Michael E bought 25,000 shares at $45.02 apiece. The transaction was valued at $1,125,432.
Valuation Metrics
Right now, Caesars Entertainment Inc. (CZR) has a P/E ratio of about 14.48. The stock’s beta is 2.91. Besides these, the trailing price-to-sales (P/S) ratio of 0.88, the price-to-book (PB) ratio of 2.18, and the price-to-cash flow ratio of 13.38 may also be considered.
Financial Health
In the three months ended June 29, 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 June 29 was 5.54, and the total debt-to-equity ratio was 5.55. On the profitability front, the trailing twelve-month gross margin is 51.10% percent. In the year ended June 29, EBITDA margin amounted to 28.83%, whereas operating margins totaled 18.20%. 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 17.50%.
In Caesars Entertainment Inc.’s quarter-end financial report for June 29, it reported total debt of $12.48 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CZR’s revenue rose 2.01% to $2.83 billion during the quarter, while net income inched up to $2.88 billion. While analysts expected Caesars Entertainment Inc. to report $0.33 quarterly earnings, the actual figure was $4.26 per share, beating the consensus estimate by 1,190.90%. During the quarter, the company generated $609.0 million in EBITDA. The liabilities of Caesars Entertainment Inc. were 28.81 billion at the end of its most recent quarter ended June 29, and its total debt was $26.09 billion. The value of shareholders’ equity is $215.29 million.
Technical Picture
This quick technical analysis looks at Caesars Entertainment Inc.’s (CZR) price momentum. With a historical volatility rate of 34.65%, the RSI 9-day stood at 22.32% on 22 September.
With respect to its five-day moving average, the current Caesars Entertainment Inc. price is down by -12.99% percent or -$6.87. At present, CZR shares trade -11.25% below its 20-day simple moving average and -1.10% percent below its 100-day simple moving average. However, the stock is currently trading approximately -14.93% below its SMA50 and -7.61% below its SMA200.
Stochastic coefficient K was 3.73% and Stochastic coefficient D was 4.68%, while ATR was 1.84. Given the Stochastic reading of 0.61% for the 14-day period, the RSI (14) reading has been calculated as 29.01%. As of today, the MACD Oscillator reading stands at -2.89, while the 14-day reading stands at -4.01.
Analyst Ratings
Susquehanna upgraded its rating on Caesars Entertainment Inc. (NASDAQ: CZR) to a Neutral in a note to investors on May 25, 2023. The analysts firm previously had a Negative rating on the stock.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 1 analyst 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 $70.50, the current consensus forecast for the stock is $49.00 – $111.00. Based on these forecasts, analysts predict Caesars Entertainment Inc. (CZR) will achieve an average price target of $73.07.
