A new trading day began on Monday, with Caesars Entertainment Inc (NASDAQ: CZR) stock price up 0.30% from the previous day of trading, before settling in for the closing price of $40.10. CZR’s price has ranged from $38.33 to $60.27 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 49.97%. Meanwhile, its annual earnings per share averaged -72.84%. With a float of $206.10 million, this company’s outstanding shares have now reached $215.44 million.
Considering the fact that the conglomerate employs 51000 people, you should pay attention to its efficiency factor.
Caesars Entertainment Inc (CZR) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Resorts & Casinos Industry. The insider ownership of Caesars Entertainment Inc is 4.72%, while institutional ownership is 92.49%. The most recent insider transaction that took place on Mar 06 ’24, was worth 621,750. In this transaction Director of this company bought 15,000 shares at a rate of $41.45, taking the stock ownership to the 151,697 shares. Before that another transaction happened on Nov 10 ’23, when Company’s Director bought 15,000 for $41.90, making the entire transaction worth $628,562. This insider now owns 136,697 shares in total.
Caesars Entertainment Inc (CZR) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 111.91 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -72.84% per share during the next fiscal year.
Caesars Entertainment Inc (NASDAQ: CZR) Trading Performance Indicators
Here are Caesars Entertainment Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.74. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.75. Likewise, its price to free cash flow for the trailing twelve months is 15.96.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.66, a number that is poised to hit -0.03 in the next quarter and is forecasted to reach 2.27 in one year’s time.
Technical Analysis of Caesars Entertainment Inc (CZR)
Compared to the last year’s volume of 3.16 million, its volume of 3.25 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 16.67%. Additionally, its Average True Range was 1.54.
During the past 100 days, Caesars Entertainment Inc’s (CZR) raw stochastic average was set at 10.06%, which indicates a significant increase from 8.06% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.72% in the past 14 days, which was higher than the 38.82% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $42.17, while its 200-day Moving Average is $46.74. Nevertheless, the first resistance level for the watch stands at $41.21 in the near term. At $42.20, the stock is likely to face the second major resistance level. The third major resistance level sits at $42.79. If the price goes on to break the first support level at $39.63, it is likely to go to the next support level at $39.04. Should the price break the second support level, the third support level stands at $38.05.
Caesars Entertainment Inc (NASDAQ: CZR) Key Stats
With a market capitalization of 8.70 billion, the company has a total of 216,300K Shares Outstanding. Currently, annual sales are 11,528 M while annual income is 786,000 K. The company’s previous quarter sales were 2,825 M while its latest quarter income was -72,000 K.
