Caesars Entertainment Inc (NASDAQ:CZR) finished Friday with a subtraction of -$0.43 to close at $46.35, a downside of -0.92 percent. An average of 2,316,460 shares of common stock have been traded in the last five days. There was a gain of $0.35 in the past week, and it reached a new high 22 times over the past 12 months. The last 20 days have seen an average of 2,381,345 shares traded, while the 50-day average volume stands at 2,384,446.
CZR stock has decreased by -14.04% in the last month. The company shares reached their 1-month lowest point of $45.23 on 09/27/23. With the stock rallying to its 52-week high on 07/27/23, shares of the company touched a low of $31.31 and a high of $60.27 in 52 weeks. It has reached a new high 19 times so far this year and achieved 11.42% or $4.75 in price. In spite of this, the price is down -23.10% 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 36 days ago on Aug 25.
Valuation Metrics
Caesars Entertainment Inc (CZR) has a trailing price-to-earnings (P/E) ratio of 14.48. The stock’s beta is 2.91. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.87, the price-to-book (PB) ratio at 2.19, and the price-to-cash flow ratio at 12.86.
Financial Health
The quick ratio of Caesars Entertainment Inc for the three months ended June 29 was 0.76, and the current ratio was 0.78, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 5.54 and a total debt to equity ratio of 5.55 for the quarter ending June 29. Its gross profit as reported stood at $5.83 billion compared to revenue of $10.82 billion.
Earnings Surprise
For the three-month period that ended June 29, Caesars Entertainment Inc had $12.48 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $920.0 million in the quarter, while revenues were grew 113.37%. The analyst consensus anticipated Caesars Entertainment Inc’s latest quarter earnings to come in at $0.33 per share, but it turned out to be $4.26, a 1,190.90% surprise. For the quarter, EBITDA amounted to $609.0 million. Shareholders own equity worth $215.29 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Caesars Entertainment Inc (CZR) price momentum. RSI 9-day as of the close on 29 September was 29.76%, suggesting the stock is oversold, with historical volatility in this time frame at 32.50%.
As of today, CZR’s price is $46.21 +0.76% or $0.35 from its 5-day moving average. CZR is currently trading -16.12% lower than its 20-day SMA and +2.39% higher than its 100-day SMA. However, the stock’s current price level is -17.42% below the SMA50 and -7.80% below the SMA200.
The stochastic %K and %D were 11.28% and 9.10%, respectively, and the average true range (ATR) was 1.77. With the 14-day stochastic at 11.90% and the average true range at 1.76, the RSI (14) stands at 32.97%. The stock has reached -0.80 on the 9-day MACD Oscillator while the 14-day reading was at -2.78.
Analyst Ratings
Susquehanna upgraded Caesars Entertainment Inc (NASDAQ: CZR) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Negative. The consensus rating for Caesars Entertainment Inc (CZR) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CZR, while 3 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 10 others rate it as a “buy”.
What is CZR’s price target for the next 12 months?
Analysts predict a range of price targets between $49.00 and $111.00, with a median target of $70.50. Taking a look at these predictions, the average price target given by analysts for Caesars Entertainment Inc (CZR) stock is $73.07.
