Market Insight: Caesars Entertainment Inc (CZR)’s Notable Drop, Closing at 39.22

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In the latest session, Caesars Entertainment Inc (NASDAQ: CZR) closed at $39.22 down -2.07% from its previous closing price of $40.05. In other words, the price has decreased by -$2.07 from its previous closing price. On the day, 3.78 million shares were traded. CZR stock price reached its highest trading level at $41.01 during the session, while it also had its lowest trading level at $39.18.

Ratios:

For a deeper understanding of Caesars Entertainment Inc’s stock, let’s take a closer look at its various ratios. 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:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 8333466112 and an Enterprise Value of 34016479232. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.72 while its Price-to-Book (P/B) ratio in mrq is 1.99. Its current Enterprise Value per Revenue stands at 3.018 whereas that against EBITDA is 9.274.

Stock Price History:

Over the past 52 weeks, CZR has reached a high of $50.51, while it has fallen to a 52-week low of $31.74. The 50-Day Moving Average of the stock is -4.59%, while the 200-Day Moving Average is calculated to be -0.82%.

Shares Statistics:

For the past three months, CZR has traded an average of 4.59M shares per day and 4245340 over the past ten days. A total of 215.44M shares are outstanding, with a floating share count of 202.11M. Insiders hold about 4.88% of the company’s shares, while institutions hold 107.84% stake in the company. Shares short for CZR as of 1728950400 were 14532026 with a Short Ratio of 3.17, compared to 1726185600 on 16931716. Therefore, it implies a Short% of Shares Outstanding of 14532026 and a Short% of Float of 7.79.

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