The closing price of Bally’s Corporation (NYSE: BALY) was $13.29 for the day, down -3.13% from the previous closing price of $13.72. In other words, the price has decreased by -$0.43 from its previous closing price. On the day, 555799 shares were traded.
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Our analysis of BALY’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.90 and its Current Ratio is at 0.90. In the meantime, Its Debt-to-Equity ratio is 3.27 whereas as Long-Term Debt/Eq ratio is at 3.25.
Upgrades & Downgrades
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 07 when Standard General L.P. sold 475,000 shares for $22.60 per share. The transaction valued at 10,736,805 led to the insider holds 10,589,849 shares of the business.
CRISAFULLI MARC A sold 20,363 shares of BALY for $447,986 on Jul 27. The EVP Government Relations now owns 40,896 shares after completing the transaction at $22.00 per share.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BALY now has a Market Capitalization of 684.44M and an Enterprise Value of 5.00B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.27 while its Price-to-Book (P/B) ratio in mrq is 0.71. Its current Enterprise Value per Revenue stands at 2.17 whereas that against EBITDA is 12.91.
Stock Price History:
Over the past 52 weeks, BALY has reached a high of $28.16, while it has fallen to a 52-week low of $13.37. The 50-Day Moving Average of the stock is 17.27, while the 200-Day Moving Average is calculated to be 20.60.
BALY traded an average of 313.36K shares per day over the past three months and 399.88k shares per day over the past ten days. A total of 54.42M shares are outstanding, with a floating share count of 38.45M. Insiders hold about 10.60% of the company’s shares, while institutions hold 72.50% stake in the company. Shares short for BALY as of May 14, 2023 were 1.92M with a Short Ratio of 1.92M, compared to 1.98M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 4.17% and a Short% of Float of 6.60%.
The firm’s stock currently is rated by 7 analysts. On average, analysts expect EPS of -$0.05 for the current quarter, with a high estimate of $0.35 and a low estimate of -$0.21, while EPS last year was $0.98. The consensus estimate for the next quarter is $0.19, with high estimates of $0.55 and low estimates of -$0.17.
Analysts are recommending an EPS of between $3.43 and $2.98 for the fiscal current year, implying an average EPS of $3.27. EPS for the following year is $1.33, with 7 analysts recommending between $2.47 and -$0.22.
It is expected that $90B in revenue will be generated in the current quarter, according to 9 analysts. It ranges from a high estimate of $631.39M to a low estimate of $594M. As of the current estimate, Bally’s Corporation’s year-ago sales were $552.5M, an estimated increase of 10.50% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $658.94M, an increase of 15.10% over than the figure of $10.50% in the same quarter last year. There is a high estimate of $686.9M for the next quarter, whereas the lowest estimate is $641M.
A total of 9 analysts have provided revenue estimates for BALY’s current fiscal year. The highest revenue estimate was $2.57B, while the lowest revenue estimate was $2.51B, resulting in an average revenue estimate of $2.53B. In the same quarter a year ago, actual revenue was $2.26B, up 12.30% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $2.76B in the next fiscal year. The high estimate is $2.89B and the low estimate is $2.69B. The average revenue growth estimate for next year is up 8.90% from the average revenue estimate for this year.