Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of Caesars Entertainment Inc (NASDAQ: CZR) was $36.23 for the day, up 1.83% from the previous closing price of $35.58. In other words, the price has increased by $1.83 from its previous closing price. On the day, 4.24 million shares were traded. CZR stock price reached its highest trading level at $36.62 during the session, while it also had its lowest trading level at $35.855.
Ratios:
Our analysis of CZR’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.82 and its Current Ratio is at 0.84. In the meantime, Its Debt-to-Equity ratio is 6.08 whereas as Long-Term Debt/Eq ratio is at 6.06.
On May 21, 2024, Raymond James started tracking the stock assigning a Strong Buy rating and target price of $55.
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 Aug 06 ’24 when MATHER COURTNEY sold 693 shares for $34.74 per share. The transaction valued at 24,075 led to the insider holds 37,650 shares of the business.
FAHRENKOPF FRANK J JR sold 10,000 shares of CZR for $325,207 on May 31 ’24. The Director now owns 350 shares after completing the transaction at $32.52 per share. On May 31 ’24, another insider, Biumi Bonnie, who serves as the Director of the company, bought 1,000 shares for $32.45 each. As a result, the insider paid 32,455 and bolstered with 24,228 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 7698150400 and an Enterprise Value of 33381163008. 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 1.84. Its current Enterprise Value per Revenue stands at 2.962 whereas that against EBITDA is 9.101.
Stock Price History:
The Beta on a monthly basis for CZR is 2.90, which has changed by -0.18037319 over the last 52 weeks, in comparison to a change of 0.21794415 over the same period for the S&P500. Over the past 52 weeks, CZR has reached a high of $45.93, while it has fallen to a 52-week low of $30.78. The 50-Day Moving Average of the stock is 2.52%, while the 200-Day Moving Average is calculated to be -3.60%.
Shares Statistics:
CZR traded an average of 4.34M shares per day over the past three months and 4829720 shares per day over the past ten days. A total of 212.48M shares are outstanding, with a floating share count of 199.50M. Insiders hold about 6.11% of the company’s shares, while institutions hold 103.91% stake in the company. Shares short for CZR as of 1736899200 were 15692219 with a Short Ratio of 3.61, compared to 1734048000 on 16003387. Therefore, it implies a Short% of Shares Outstanding of 15692219 and a Short% of Float of 8.37.
