VICI Properties Inc. (VICI) Is A Stock You Should Watch

As of Wednesday close, VICI Properties Inc.’s (NYSE:VICI) stock was up $0.1, moving up 0.32 percent to $30.98. The average number of shares traded per day over the past five days has been 3,743,060 shares. 3 times new highs have been achieved over the past 5 days, with a $0.37 gain in that time frame. In the last twenty days, the average volume was 3,700,505, while in the previous 50 days, it was 4,957,436.

Since last month, VICI stock retreated -2.09%. Shares of the company fell to $29.46 on 08/18/23, the lowest level in the past month. A 52-week high of $35.07 was reached on 02/02/23 after having rallying from a 52-week low of $29.29. Since the beginning of this year, VICI’s stock price has dropped by -4.38% or -$1.42, and marked a new high 7 times. However, the stock has declined by -11.66% since its 52-week high.

Top 5 AI Stocks to Buy for 2023

The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything. According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.

Click Here to Download the FREE Report.

Sponsored

Valuation Metrics

Right now, VICI Properties Inc. (VICI) has a P/E ratio of about 14.28. The stock’s beta is 0.95. Besides these, the trailing price-to-sales (P/S) ratio of 9.47, the price-to-book (PB) ratio of 1.32, and the price-to-cash flow ratio of 20.50 may also be considered.

The latest dividend of $0.39 per share was paid out, remained unchanged from last year’s $0.39. On Thursday September 8 2022, a $0.03 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.73, and the total debt-to-equity ratio was 0.73. On the profitability front, the trailing twelve-month gross margin is 99.30% percent. In the year ended June 29, operating margins totaled 86.80%. Based on annual data, VICI earned $1.61 billion in gross profit and brought in $2.6 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 4.40%. Return on equity (ROE) for the past 12 months was 9.50%.

In VICI Properties Inc.’s quarter-end financial report for June 29, it reported total debt of $16.62 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. VICI’s revenue rose 26.22% to $877.65 million during the quarter, while net income inched up to $898.16 million. While analysts expected VICI Properties Inc. to report $0.62 quarterly earnings, the actual figure was $0.69 per share, beating the consensus estimate by 11.30%. During the quarter, the company generated $909.29 million in EBITDA. The value of shareholders’ equity is $1.01 billion.

Technical Picture

This quick technical analysis looks at VICI Properties Inc.’s (VICI) price momentum. With a historical volatility rate of 12.69%, the RSI 9-day stood at 57.92% on 30 August.

With respect to its five-day moving average, the current VICI Properties Inc. price is up by +1.21% percent or $0.37. At present, VICI shares trade -1.12% below its 20-day simple moving average and -4.15% percent below its 100-day simple moving average. However, the stock is currently trading approximately -2.91% below its SMA50 and -5.03% below its SMA200.

Stochastic coefficient K was 71.25% and Stochastic coefficient D was 58.76%, while ATR was 0.46. Given the Stochastic reading of 91.84% for the 14-day period, the RSI (14) reading has been calculated as 52.02%. As of today, the MACD Oscillator reading stands at 0.40, while the 14-day reading stands at 0.49.

Analyst Ratings

VICI Properties Inc. downgraded its rating on VICI Properties Inc. (NYSE: VICI) to a Hold in a note to investors on July 05, 2023. The analysts firm previously had a Buy rating on the stock.VICI Properties Inc. (VICI) has been rated Buy by analysts. According to 0 brokerage firms, VICI is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate VICI Properties Inc. stock as buy, with 15 recommending it as overweight.

With a median target price of $37.00, the current consensus forecast for the stock is $32.00 – $43.00. Based on these forecasts, analysts predict VICI Properties Inc. (VICI) will achieve an average price target of $37.48.

Most Popular

Related Posts