Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
The closing price of Red Rock Resorts Inc (NASDAQ: RRR) was $50.22 for the day, down -7.62% from the previous closing price of $54.36. In other words, the price has decreased by -$7.62 from its previous closing price. On the day, 2.05 million shares were traded. RRR stock price reached its highest trading level at $52.5 during the session, while it also had its lowest trading level at $48.17.
Ratios:
Our analysis of RRR’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.76 and its Current Ratio is at 0.81. In the meantime, Its Debt-to-Equity ratio is 20.73 whereas as Long-Term Debt/Eq ratio is at 20.73.
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 this company, Mizuho on March 26, 2024, initiated with a Buy rating and assigned the stock a target price of $69.
On January 18, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $60.
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 Feb 23 ’24 when Cootey Stephen Lawrence sold 7,520 shares for $57.74 per share. The transaction valued at 434,234 led to the insider holds 243,808 shares of the business.
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 5150764032. As of this moment, Red’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.29, and their Forward P/E ratio for the next fiscal year is 17.54. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.68 while its Price-to-Book (P/B) ratio in mrq is 17.51.
Stock Price History:
The Beta on a monthly basis for RRR is 2.04, which has changed by 0.19262838 over the last 52 weeks, in comparison to a change of 0.2537824 over the same period for the S&P500. 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 -13.03%, while the 200-Day Moving Average is calculated to be 2.45%.
Shares Statistics:
RRR traded an average of 445.87K shares per day over the past three months and 573030 shares per day over the past ten days. A total of 58.87M shares are outstanding, with a floating share count of 50.01M. Insiders hold about 16.09% of the company’s shares, while institutions hold 84.91% stake in the company. Shares short for RRR as of 1713139200 were 1725005 with a Short Ratio of 3.87, compared to 1710460800 on 2054581. Therefore, it implies a Short% of Shares Outstanding of 1725005 and a Short% of Float of 4.1199997.
Dividends & Splits
With its trailing 12-month dividend rate of 2.0, RRR has a forward annual dividend rate of 1.00. Against a Trailing Annual Dividend Yield of 0.036791757
Earnings Estimates
At present, 12.0 analysts are actively evaluating the performance of Red Rock Resorts Inc (RRR) in the stock market.On average, analysts expect EPS of $0.58 for the current quarter, with a high estimate of $0.95 and a low estimate of $0.41, while EPS last year was $0.38. The consensus estimate for the next quarter is $0.59, with high estimates of $0.95 and low estimates of $0.42.
Analysts are recommending an EPS of between $4.1 and $1.84 for the fiscal current year, implying an average EPS of $2.55. EPS for the following year is $2.87, with 12.0 analysts recommending between $4.37 and $2.03.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 13 analysts. It ranges from a high estimate of $498.47M to a low estimate of $461.07M. As of the current estimate, Red Rock Resorts Inc’s year-ago sales were $419.62MFor the next quarter, 13 analysts are estimating revenue of $471.04M. There is a high estimate of $496.64M for the next quarter, whereas the lowest estimate is $456.47M.
A total of 14 analysts have provided revenue estimates for RRR’s current fiscal year. The highest revenue estimate was $2.02B, while the lowest revenue estimate was $1.9B, resulting in an average revenue estimate of $1.94B. In the same quarter a year ago, actual revenue was $1.72BBased on 14 analysts’ estimates, the company’s revenue will be $2.01B in the next fiscal year. The high estimate is $2.08B and the low estimate is $1.95B.
