Boyd Gaming Corp. (NYSE:BYD) saw a downside of -1.44% to close Friday at $60.79 after subtracting -$0.89 on the day. The 5-day average trading volume is 810,060 shares of the company’s common stock. It has gained $65.12 in the past week and touched a new high 1 time within the past 5 days. An average of 864,885 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 806,806.
BYD’s 1-month performance is -7.36% or -$4.01 on its low of $60.74 reached on 09/22/23. The company’s shares have touched a 52-week low of $46.10 and high of $73.00, with the stock’s rally to the 52-week high happening on 07/21/23. YTD, BYD has achieved 11.48% or $6.26 and has reached a new high 33 times. However, the current price is down -16.73% from the 52-week high price.
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Insider Transactions
BYD stock investors last saw insider trading activity on Aug 18.BOYD WILLIAM S (Chair Emeritus) most recently sold 9,939 shares at $65.10 per share on Aug 18. This transaction cost the insider $647,029. Chair Emeritus, BOYD WILLIAM S, sold 40,207 shares at a price of $65.53 on Aug 17. Then, on Aug 16, Chair Emeritus BOYD WILLIAM S sold 44,100 shares at a price of $66.60 per share. This transaction amounted to $2,937,060.
Valuation Metrics
BYD stock has a beta of 1.77. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.65 while the price-to-book (PB) in the most recent quarter is 3.48, with the price to cash flow ratio at 8.47.
Boyd Gaming Corp.’s quick ratio for the period ended June 29 was 0.80, with the current ratio over the same period at 0.84. As well, the company’s long term debt to equity for the quarter ending June 29 was 2.08, while the total debt to equity was 2.16. In terms of profitability, the gross margin trailing 12 months is 48.37%. The trailing 12-month EBITDA margin is 37.64% while for the period ending June 29, Boyd Gaming Corp.’s operating margin was 28.44%. The firm’s gross profit as reported stood at $1.99 billion against revenue of $3.56 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 23.74% to $192.45 million, while revenue of $199.73 million was -3.78% off the previous quarter. Analysts expected BYD to announce $1.65 per share in earnings in its latest quarter, but it posted $1.58, representing a -4.20% surprise. EBITDA for the quarter stood at more than $308.16 million. BYD stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 4.56 billion, with total debt at $3.77 billion. Shareholders hold equity totaling $100.01 million.
Let’s look briefly at Boyd Gaming Corp. (BYD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 22.71% to suggest the stock is trending oversold, with historical volatility in this time period at 18.08%.
The stock’s 5-day moving average is $62.59, reflecting a -6.03% or -$3.90 change from its current price. BYD is currently trading -6.53% above its 20-day SMA, -14.72% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -14.90% and SMA200 by+3.19%.
Stochastic %K and %D was 0.70% and 4.80% and the average true range (ATR) pointed at 1.23. The RSI (14) points at 28.06%, while the 14-day stochastic is at 0.78% with the period’s ATR at 1.23. The stock’s 9-day MACD Oscillator is pointing at -1.60 and -2.12 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Boyd Gaming Corp. (NYSE: BYD), Morgan Stanley upgraded it to an Equal-weight rating. They previously had an Underweight rating on the stock. Analysts offering their rating for BYD stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate BYD as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 10 have offered a “buy” rating.
What is BYD’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $75.00 and a high of $87.00, with their median price target at $79.50. Looking at these predictions, the average price target given by analysts is for Boyd Gaming Corp. (BYD) stock is $80.33.
