The price of Ballys Corporation (NYSE: BALY) closed at $9.75 in the last session, down -4.51% from day before closing price of $10.21. In other words, the price has decreased by -$0.46 from its previous closing price. On the day, 592800 shares were traded. BALY stock price reached its highest trading level at $10.44 during the session, while it also had its lowest trading level at $9.74.
Ratios:
We take a closer look at BALY’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 444.82M and an Enterprise Value of 5.12B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.18 while its Price-to-Book (P/B) ratio in mrq is 0.50. Its current Enterprise Value per Revenue stands at 2.09 whereas that against EBITDA is 11.13.
Stock Price History:
Over the past 52 weeks, BALY has reached a high of $20.84, while it has fallen to a 52-week low of $7.28. The 50-Day Moving Average of the stock is 11.58, while the 200-Day Moving Average is calculated to be 13.07.
Shares Statistics:
According to the various share statistics, BALY traded on average about 421.28K shares per day over the past 3-months and 626.17k shares per day over the past 10 days. 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 62.10% stake in the company. Shares short for BALY as of Feb 15, 2024 were 2.15M with a Short Ratio of 5.10, compared to 2.66M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.71% and a Short% of Float of 7.51%.
Earnings Estimates
The company has 6 analysts who recommend its stock at the moment. 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
According to 9 analysts, the current quarter’s revenue is expected to be $627.52M. 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 4.80% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $648.28M, an increase of 6.90% over than the figure of $4.80% 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 $2.61B, while the lowest revenue estimate was $2.56B, resulting in an average revenue estimate of $2.59B. In the same quarter a year ago, actual revenue was $2.45B, up 5.70% 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 2.90% from the average revenue estimate for this year.
