Ballys Corporation (NYSE: BALY) closed the day trading at $12.97 down -2.63% from the previous closing price of $13.32. In other words, the price has decreased by -$0.35 from its previous closing price. On the day, 610338 shares were traded.
Ratios:
For a better understanding of BALY, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.64 and its Current Ratio is at 0.65. In the meantime, Its Debt-to-Equity ratio is 7.97 whereas as Long-Term Debt/Eq ratio is at 7.86.
On January 05, 2024, Wells Fargo Downgraded its rating to Underweight which previously was Equal Weight but kept the price unchanged to $10.
Stifel Downgraded its Buy to Hold on November 02, 2022, whereas the target price for the stock was revised from $28 to $25.
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 Nov 09 ’23 when ROLLINS JEFFREY W bought 5,000 shares for $10.00 per share. The transaction valued at 50,000 led to the insider holds 87,175 shares of the business.
PATEL JAYMIN B bought 10,000 shares of BALY for $88,400 on Nov 06 ’23. The Director now owns 33,624 shares after completing the transaction at $8.84 per share. On Nov 06 ’23, another insider, Downey Terrence, who serves as the Director of the company, bought 5,800 shares for $9.00 each. As a result, the insider paid 52,200 and bolstered with 37,773 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, BALY now has a Market Capitalization of 519.96M and an Enterprise Value of 5.42B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.24 while its Price-to-Book (P/B) ratio in mrq is 0.82. Its current Enterprise Value per Revenue stands at 2.21 whereas that against EBITDA is 96.24.
Stock Price History:
Over the past 52 weeks, BALY has reached a high of $19.78, while it has fallen to a 52-week low of $7.28. The 50-Day Moving Average of the stock is 11.28, while the 200-Day Moving Average is calculated to be 12.97.
Shares Statistics:
Over the past 3-months, BALY traded about 489.03K shares per day on average, while over the past 10 days, BALY traded about 993.3k shares per day. A total of 39.97M shares are outstanding, with a floating share count of 39.00M. Insiders hold about 14.52% of the company’s shares, while institutions hold 62.10% stake in the company. Shares short for BALY as of Feb 29, 2024 were 2.39M with a Short Ratio of 4.90, compared to 2.35M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.25% and a Short% of Float of 8.37%.
Earnings Estimates
Current recommendations for the stock of the company come from 6 analysts. On average, analysts expect EPS of -$1.01 for the current quarter, with a high estimate of -$0.41 and a low estimate of -$1.35, while EPS last year was $3.24. The consensus estimate for the next quarter is -$0.78, with high estimates of -$0.46 and low estimates of -$0.98.
Analysts are recommending an EPS of between -$1.6 and -$4.38 for the fiscal current year, implying an average EPS of -$3.48. EPS for the following year is -$2.95, with 6 analysts recommending between -$1.52 and -$3.96.
Revenue Estimates
9 analysts predict $627.52M in revenue for the current quarter. It ranges from a high estimate of $644.22M to a low estimate of $612.1M. As of the current estimate, Ballys Corporation’s year-ago sales were $598.72M, an estimated increase of 4.80% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $648.28M, an increase of 6.90% over than the figure of $4.80% in the same quarter last year. There is a high estimate of $663.73M for the next quarter, whereas the lowest estimate is $634.31M.
A total of 10 analysts have provided revenue estimates for BALY’s current fiscal year. The highest revenue estimate was $2.61B, while the lowest revenue estimate was $2.56B, resulting in an average revenue estimate of $2.59B. In the same quarter a year ago, actual revenue was $2.45B, up 5.70% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $2.69B in the next fiscal year. The high estimate is $2.75B and the low estimate is $2.61B. The average revenue growth estimate for next year is up 3.80% from the average revenue estimate for this year.
