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In the latest session, Red Rock Resorts Inc (NASDAQ: RRR) closed at $53.16 down -1.92% from its previous closing price of $54.20. In other words, the price has decreased by -$1.92 from its previous closing price. On the day, 0.56 million shares were traded. RRR stock price reached its highest trading level at $55.01 during the session, while it also had its lowest trading level at $52.125.
Ratios:
For a deeper understanding of Red Rock Resorts Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 23.23 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 116.78. 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:
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 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 5559260160 and an Enterprise Value of 6519499776. As of this moment, Red’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.97, and their Forward P/E ratio for the next fiscal year is 26.11. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.99. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.71 while its Price-to-Book (P/B) ratio in mrq is 19.91. Its current Enterprise Value per Revenue stands at 3.525 whereas that against EBITDA is 8.61.
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 -5.37%, while the 200-Day Moving Average is calculated to be -1.96%.
Shares Statistics:
For the past three months, RRR has traded an average of 468.03K shares per day and 467360 over the past ten days. 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 83.59% stake in the company. Shares short for RRR as of 1724976000 were 1889651 with a Short Ratio of 4.04, compared to 1722384000 on 1638894. Therefore, it implies a Short% of Shares Outstanding of 1889651 and a Short% of Float of 4.6899999999999995.
Dividends & Splits
According to the company, the forward annual dividend rate for RRR is 1.00, from 1.0 in the trailing year. Against a Trailing Annual Dividend Yield of 0.018535681
