Ballys Corporation (NYSE: BALY) on November 20, 2023, started off the session at the price of $11.28, soaring 4.81% from the previous trading day. During the day, the shares moved up to $11.85 and dropped to $11.22 before settling in for the closing price of $11.23. Within the past 52 weeks, BALY’s price has moved between $7.28 and $25.48.
Elon Musk just Triggered a BOOM in These Stocks
Something strange is happening in the stock market…. This select group of stocks are going absolutely bananas. And it's all because of Elon Musk. Get your copy of "Top 5 Tech Stocks to Buy in 2024"
Click Here to Download the FREE Report.
Sponsored
During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 64.02%. The company achieved an average annual earnings per share of 115.76%. With a float of $39.01 million, this company’s outstanding shares have now reached $46.67 million.
Let’s determine the extent of company efficiency that accounts for 10500 employees. In terms of profitability, gross margin is +41.93, operating margin of +7.97, and the pretax margin is -20.15.
Ballys Corporation (BALY) Breakdown of a Key Holders of the stock
Observing investor behavior towards Resorts & Casinos industry stocks is more important than anything else. The insider ownership of Ballys Corporation is 14.50%, while institutional ownership is 67.62%. The most recent insider transaction that took place on Nov 09, was worth 50,000. In this transaction Director of this company bought 5,000 shares at a rate of $10.00, taking the stock ownership to the 87,175 shares. Before that another transaction happened on Nov 06, when Company’s Director bought 10,000 for $8.84, making the entire transaction worth $88,400. This insider now owns 33,624 shares in total.
Ballys Corporation (BALY) Recent Fiscal highlights
As on 9/29/2023, Multinational firm has announced its last quarter scores, in which it reported -$1.15 earnings per share (EPS) for the period falling under the consensus outlook (set at -$0.09) by -$1.06. This company achieved a net margin of -18.87 while generating a return on equity of -35.20. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.23 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 115.76% per share during the next fiscal year.
Ballys Corporation (NYSE: BALY) Trading Performance Indicators
Ballys Corporation (BALY) is currently performing well based on its current performance indicators. A quick ratio of 0.64 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.22.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -7.26, a number that is poised to hit -0.43 in the next quarter and is forecasted to reach -0.23 in one year’s time.
Technical Analysis of Ballys Corporation (BALY)
Looking closely at Ballys Corporation (NYSE: BALY), its last 5-days average volume was 0.8 million, which is a jump from its year-to-date volume of 0.38 million. As of the previous 9 days, the stock’s Stochastic %D was 86.67%. Additionally, its Average True Range was 0.70.
During the past 100 days, Ballys Corporation’s (BALY) raw stochastic average was set at 46.38%, which indicates a significant decrease from 98.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 111.09% in the past 14 days, which was higher than the 61.07% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.22, while its 200-day Moving Average is $15.37. However, in the short run, Ballys Corporation’s stock first resistance to watch stands at $12.01. Second resistance stands at $12.24. The third major resistance level sits at $12.64. If the price goes on to break the first support level at $11.38, it is likely to go to the next support level at $10.98. Now, if the price goes above the second support level, the third support stands at $10.75.
Ballys Corporation (NYSE: BALY) Key Stats
Market capitalization of the company is 536.95 million based on 45,622K outstanding shares. Right now, sales total 2,256 M and income totals -425,550 K. The company made 632,480 K in profit during its latest quarter, and -61,800 K in sales during its previous quarter.