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Red Rock Resorts Inc (NASDAQ: RRR) closed the day trading at $52.75 up 0.40% from the previous closing price of $52.54. In other words, the price has increased by $0.40 from its previous closing price. On the day, 0.52 million shares were traded. RRR stock price reached its highest trading level at $53.11 during the session, while it also had its lowest trading level at $52.0.
Ratios:
For a better understanding of RRR, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 23.05 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 115.88. For the most recent quarter (mrq), Quick Ratio is recorded 0.89 and its Current Ratio is at 0.94. In the meantime, Its Debt-to-Equity ratio is 21.68 whereas as Long-Term Debt/Eq ratio is at 21.51.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on July 24, 2024, Downgraded its rating to Equal Weight and sets its target price to $64 from $63 previously.
On May 13, 2024, BofA Securities Upgraded its rating to Neutral which previously was Underperform and also lowered its target price recommendation from $57 to $55.
On March 26, 2024, Mizuho started tracking the stock assigning a Buy rating and target price of $69.Mizuho initiated its Buy rating on March 26, 2024, with a $69 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 06 ’24 when FERTITTA LORENZO J bought 33,000 shares for $52.91 per share. The transaction valued at 1,746,096 led to the insider holds 47,579,301 shares of the business.
FERTITTA LORENZO J bought 33,000 shares of RRR for $1,642,377 on Aug 05 ’24. The Vice President now owns 47,546,301 shares after completing the transaction at $49.77 per share. On Aug 06 ’24, another insider, FERTITTA FRANK J III, who serves as the Chief Executive Officer of the company, bought 67,000 shares for $52.91 each. As a result, the insider paid 3,545,104 and bolstered with 46,115,301 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, RRR now has a Market Capitalization of 5388992512 and an Enterprise Value of 6495277056. As of this moment, Red’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.80, and their Forward P/E ratio for the next fiscal year is 25.99. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.70 while its Price-to-Book (P/B) ratio in mrq is 19.76. Its current Enterprise Value per Revenue stands at 3.512 whereas that against EBITDA is 8.578.
Stock Price History:
Over the past 52 weeks, RRR has reached a high of $63.28, while it has fallen to a 52-week low of $37.17. The 50-Day Moving Average of the stock is -3.35%, while the 200-Day Moving Average is calculated to be -3.87%.
Shares Statistics:
Over the past 3-months, RRR traded about 498.64K shares per day on average, while over the past 10 days, RRR traded about 542760 shares per day. A total of 58.87M shares are outstanding, with a floating share count of 50.51M. Insiders hold about 15.28% of the company’s shares, while institutions hold 83.64% stake in the company. Shares short for RRR as of 1727654400 were 1932366 with a Short Ratio of 3.88, compared to 1724976000 on 1889651. Therefore, it implies a Short% of Shares Outstanding of 1932366 and a Short% of Float of 4.8.
Dividends & Splits
RRR’s forward annual dividend rate is 1.00, up from 1.0 a year ago. Against a Trailing Annual Dividend Yield of 0.019033117
