After finishing at $10.34 in the prior trading day, Ballys Corporation (NYSE: BALY) closed at $10.58, up 2.32%. In other words, the price has increased by $+0.24 from its previous closing price. On the day, 501450 shares were traded.
Ratios:
Our goal is to gain a better understanding of BALY by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.64 and its Current Ratio is at 0.65. In the meantime, Its Debt-to-Equity ratio is 4.08 whereas as Long-Term Debt/Eq ratio is at 4.06.
On January 05, 2024, Wells Fargo Downgraded its rating to Underweight which previously was Equal Weight but kept the price unchanged to $10.
Stifel Downgraded its Buy to Hold on November 02, 2022, whereas the target price for the stock was revised from $28 to $25.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 09 when ROLLINS JEFFREY W bought 5,000 shares for $10.00 per share. The transaction valued at 50,000 led to the insider holds 87,175 shares of the business.
PATEL JAYMIN B bought 10,000 shares of BALY for $88,400 on Nov 06. The Director now owns 33,624 shares after completing the transaction at $8.84 per share. On Nov 06, another insider, Downey Terrence, who serves as the Director of the company, bought 5,800 shares for $9.00 each. As a result, the insider paid 52,200 and bolstered with 37,773 shares of the company.
Valuation Measures:
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 482.69M and an Enterprise Value of 5.16B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.20 while its Price-to-Book (P/B) ratio in mrq is 0.54. Its current Enterprise Value per Revenue stands at 2.11 whereas that against EBITDA is 11.21.
Stock Price History:
Over the past 52 weeks, BALY has reached a high of $20.86, while it has fallen to a 52-week low of $7.28. The 50-Day Moving Average of the stock is 11.96, while the 200-Day Moving Average is calculated to be 13.18.
Shares Statistics:
The stock has traded on average 410.10K shares per day over the past 3-months and 478.3k shares per day over the last 10 days, according to various share statistics. A total of 46.67M shares are outstanding, with a floating share count of 39.01M. Insiders hold about 14.49% of the company’s shares, while institutions hold 62.03% stake in the company. Shares short for BALY as of Jan 31, 2024 were 2.35M with a Short Ratio of 5.72, compared to 2.27M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 5.15% and a Short% of Float of 8.21%.
Earnings Estimates
Its stock is currently analyzed by 6 different market analysts. On average, analysts expect EPS of -$1.01 for the current quarter, with a high estimate of -$0.41 and a low estimate of -$1.35, while EPS last year was $3.24. The consensus estimate for the next quarter is -$0.78, with high estimates of -$0.46 and low estimates of -$0.98.
Analysts are recommending an EPS of between -$1.6 and -$4.38 for the fiscal current year, implying an average EPS of -$3.48. EPS for the following year is -$2.95, with 6 analysts recommending between -$1.52 and -$3.96.
Revenue Estimates
8 analysts predict $628.09M in revenue for the current quarter. It ranges from a high estimate of $644.22M to a low estimate of $612.1M. As of the current estimate, Ballys Corporation’s year-ago sales were $598.72M, an estimated increase of 4.90% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $648.44M, an increase of 7.00% over than the figure of $4.90% in the same quarter last year. There is a high estimate of $663.73M for the next quarter, whereas the lowest estimate is $634.31M.
A total of 9 analysts have provided revenue estimates for BALY’s current fiscal year. The highest revenue estimate was $2.68B, while the lowest revenue estimate was $2.56B, resulting in an average revenue estimate of $2.6B. In the same quarter a year ago, actual revenue was $2.45B, up 6.10% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $2.66B in the next fiscal year. The high estimate is $2.75B and the low estimate is $2.45B. The average revenue growth estimate for next year is up 2.50% from the average revenue estimate for this year.
