The closing price of Ballys Corporation (NYSE: BALY) was $13.88 for the day, up 2.21% from the previous closing price of $13.58. In other words, the price has increased by $+0.30 from its previous closing price. On the day, 572193 shares were traded.
Ratios:
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 0.64 and its Current Ratio is at 0.65. In the meantime, Its Debt-to-Equity ratio is 7.97 whereas as Long-Term Debt/Eq ratio is at 7.86.
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:
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 Nov 09 ’23 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 ’23. The Director now owns 33,624 shares after completing the transaction at $8.84 per share. On Nov 06 ’23, 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 561.12M and an Enterprise Value of 5.46B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.23 while its Price-to-Book (P/B) ratio in mrq is 0.87. Its current Enterprise Value per Revenue stands at 2.23 whereas that against EBITDA is 12.36.
Stock Price History:
Over the past 52 weeks, BALY has reached a high of $19.31, while it has fallen to a 52-week low of $7.28. The 50-Day Moving Average of the stock is 12.00, while the 200-Day Moving Average is calculated to be 12.84.
Shares Statistics:
BALY traded an average of 500.12K shares per day over the past three months and 412.35k shares per day over the past ten days. A total of 39.97M shares are outstanding, with a floating share count of 22.83M. Insiders hold about 43.06% of the company’s shares, while institutions hold 44.81% stake in the company. Shares short for BALY as of Mar 15, 2024 were 2.19M with a Short Ratio of 4.38, compared to 2.15M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.46% and a Short% of Float of 9.49%.
Earnings Estimates
The firm’s stock currently is rated by 6 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 -$0.77, 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 -$3.45. EPS for the following year is -$2.84, with 7 analysts recommending between -$1.52 and -$3.96.
Revenue Estimates
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 $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 10 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 10 analysts’ estimates, the company’s revenue will be $2.69B in the next fiscal year. The high estimate is $2.75B and the low estimate is $2.61B. The average revenue growth estimate for next year is up 3.80% from the average revenue estimate for this year.
