Caesars Entertainment Inc (NASDAQ: CZR) on Monday, soared 0.58% from the previous trading day, before settling in for the closing price of $38.20. Within the past 52 weeks, CZR’s price has moved between $37.81 and $60.27.
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Annual sales at Consumer Cyclical sector company grew by 49.97% over the past five years. The company achieved an average annual earnings per share of -73.98%. With a float of $206.10 million, this company’s outstanding shares have now reached $215.44 million.
Let’s look at the performance matrix of the company that is accounted for 51000 employees.
Caesars Entertainment Inc (CZR) Insider Updates
Observing investor behavior towards Resorts & Casinos industry stocks is more important than anything else. The insider ownership of Caesars Entertainment Inc is 4.72%, while institutional ownership is 92.47%. 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) Performance Highlights and Predictions
As on 12/31/2023, Multinational firm has announced its last quarter scores, in which it reported -$0.34 earnings per share (EPS) for the period falling under the consensus outlook (set at -$0.04) by -$0.3. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.32 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -73.98% per share during the next fiscal year.
Caesars Entertainment Inc (NASDAQ: CZR) Trading Performance Indicators
Caesars Entertainment Inc (CZR) is currently performing well based on its current performance indicators. A quick ratio of 0.74 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 0.72. Likewise, its price to free cash flow for the trailing twelve months is 15.25.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.66, a number that is poised to hit -0.05 in the next quarter and is forecasted to reach 2.22 in one year’s time.
Technical Analysis of Caesars Entertainment Inc (CZR)
Caesars Entertainment Inc (NASDAQ: CZR) saw its 5-day average volume 3.39 million, a positive change from its year-to-date volume of 3.17 million. As of the previous 9 days, the stock’s Stochastic %D was 7.36%. Additionally, its Average True Range was 1.42.
During the past 100 days, Caesars Entertainment Inc’s (CZR) raw stochastic average was set at 5.55%, which indicates a significant decrease from 10.20% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.98% in the past 14 days, which was higher than the 39.00% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $41.69, while its 200-day Moving Average is $46.47. Nevertheless, the first resistance level for the watch stands at $38.97 in the near term. At $39.52, the stock is likely to face the second major resistance level. The third major resistance level sits at $40.15. If the price goes on to break the first support level at $37.79, it is likely to go to the next support level at $37.16. Assuming the price breaks the second support level, the third support level stands at $36.61.
Caesars Entertainment Inc (NASDAQ: CZR) Key Stats
Market capitalization of the company is 8.31 billion based on 216,300K outstanding shares. Right now, sales total 11,528 M and income totals 786,000 K. The company made 2,825 M in profit during its latest quarter, and -72,000 K in sales during its previous quarter.
