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.
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.