Daily Market Movement: Caesars Entertainment Inc (CZR) Sees a -3.00 Decrease, Closing at 36.18

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The closing price of Caesars Entertainment Inc (NASDAQ: CZR) was $36.18 for the day, down -3.00% from the previous closing price of $37.30. In other words, the price has decreased by -$3.00 from its previous closing price. On the day, 5.22 million shares were traded. CZR stock price reached its highest trading level at $37.6 during the session, while it also had its lowest trading level at $36.15.

Ratios:

Our analysis of CZR’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.06. For the most recent quarter (mrq), Quick Ratio is recorded 0.67 and its Current Ratio is at 0.69. In the meantime, Its Debt-to-Equity ratio is 5.69 whereas as Long-Term Debt/Eq ratio is at 5.67.

On January 09, 2024, JMP Securities started tracking the stock assigning a Mkt Outperform rating and target price of $65.

On October 12, 2023, CapitalOne started tracking the stock assigning a Equal Weight rating and target price of $51.CapitalOne initiated its Equal Weight rating on October 12, 2023, with a $51 target price.

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 May 03 ’24 when Pegram Michael E bought 40,000 shares for $36.39 per share. The transaction valued at 1,455,734 led to the insider holds 181,697 shares of the business.

Pegram Michael E bought 15,000 shares of CZR for $621,750 on Mar 06 ’24. The Director now owns 151,697 shares after completing the transaction at $41.45 per share. On Nov 10 ’23, another insider, Pegram Michael E, who serves as the Director of the company, bought 15,000 shares for $41.90 each. As a result, the insider paid 628,562 and bolstered with 136,697 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, CZR now has a Market Capitalization of 7816797184 and an Enterprise Value of 33205913600. As of this moment, Caesars’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.17, and their Forward P/E ratio for the next fiscal year is 19.45. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.68 while its Price-to-Book (P/B) ratio in mrq is 1.78. Its current Enterprise Value per Revenue stands at 2.903 whereas that against EBITDA is 8.941.

Stock Price History:

The Beta on a monthly basis for CZR is 2.91, which has changed by -0.18586856 over the last 52 weeks, in comparison to a change of 0.26265144 over the same period for the S&P500. Over the past 52 weeks, CZR has reached a high of $60.27, while it has fallen to a 52-week low of $35.09. The 50-Day Moving Average of the stock is -10.06%, while the 200-Day Moving Average is calculated to be -20.16%.

Shares Statistics:

CZR traded an average of 3.50M shares per day over the past three months and 5111620 shares per day over the past ten days. A total of 215.44M shares are outstanding, with a floating share count of 206.17M. Insiders hold about 4.72% of the company’s shares, while institutions hold 91.68% stake in the company. Shares short for CZR as of 1714435200 were 16408114 with a Short Ratio of 4.68, compared to 1711584000 on 12745894. Therefore, it implies a Short% of Shares Outstanding of 16408114 and a Short% of Float of 8.59.

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