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Red Rock Resorts Inc (NASDAQ: RRR) closed the day trading at $44.72 down -3.29% from the previous closing price of $46.24. In other words, the price has decreased by -$3.29 from its previous closing price. On the day, 0.58 million shares were traded. RRR stock price reached its highest trading level at $46.59 during the session, while it also had its lowest trading level at $44.18.
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 40.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 47.24. For the most recent quarter (mrq), Quick Ratio is recorded 0.96 and its Current Ratio is at 1.02. In the meantime, Its Debt-to-Equity ratio is 19.63 whereas as Long-Term Debt/Eq ratio is at 19.50.
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, Mizuho on November 25, 2024, Downgraded its rating to Neutral and sets its target price to $44 from $57 previously.
On July 24, 2024, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight and also upped its target price recommendation from $63 to $64.
BofA Securities Upgraded its Underperform to Neutral on May 13, 2024, whereas the target price for the stock was revised from $57 to $55.
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 4587556352 and an Enterprise Value of 6047124480. As of this moment, Red’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.40, and their Forward P/E ratio for the next fiscal year is 25.24. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 8.71. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.48 while its Price-to-Book (P/B) ratio in mrq is 15.19. Its current Enterprise Value per Revenue stands at 3.173 whereas that against EBITDA is 7.931.
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 $44.94. The 50-Day Moving Average of the stock is -10.66%, while the 200-Day Moving Average is calculated to be -16.75%.
Shares Statistics:
Over the past 3-months, RRR traded about 585.52K shares per day on average, while over the past 10 days, RRR traded about 426010 shares per day. A total of 59.63M shares are outstanding, with a floating share count of 50.52M. Insiders hold about 15.28% of the company’s shares, while institutions hold 86.07% stake in the company. Shares short for RRR as of 1734048000 were 2160202 with a Short Ratio of 3.69, compared to 1731628800 on 2845680. Therefore, it implies a Short% of Shares Outstanding of 2160202 and a Short% of Float of 5.3600002.
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 0.021626297
