Boyd Gaming Corp. (BYD) volume exceeds 0.71 million: A new investment opportunity for investors

Boyd Gaming Corp. (NYSE: BYD) kicked off on Tuesday, up 0.57% from the previous trading day, before settling in for the closing price of $63.24. Over the past 52 weeks, BYD has traded in a range of $52.42-$73.00.

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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 11.49%. While this was happening, its average annual earnings per share was recorded 0.05%. With a float of $74.09 million, this company’s outstanding shares have now reached $98.83 million.

Let’s determine the extent of company efficiency that accounts for 16129 employees.

Boyd Gaming Corp. (BYD) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Resorts & Casinos Industry. The insider ownership of Boyd Gaming Corp. is 22.87%, while institutional ownership is 68.36%. The most recent insider transaction that took place on Mar 14 ’24, was worth 2,030,856. In this transaction 10% Owner of this company sold 32,703 shares at a rate of $62.10, taking the stock ownership to the 8,762,746 shares. Before that another transaction happened on Mar 13 ’24, when Company’s 10% Owner sold 63,464 for $63.12, making the entire transaction worth $4,005,848. This insider now owns 8,795,449 shares in total.

Boyd Gaming Corp. (BYD) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around 0.05% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 2.27% during the next five years compared to 43.74% growth over the previous five years of trading.

Boyd Gaming Corp. (NYSE: BYD) Trading Performance Indicators

Take a look at Boyd Gaming Corp.’s (BYD) current performance indicators. Last quarter, stock had a quick ratio of 0.85. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.63. Likewise, its price to free cash flow for the trailing twelve months is 11.30.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.09, a number that is poised to hit 1.58 in the next quarter and is forecasted to reach 6.77 in one year’s time.

Technical Analysis of Boyd Gaming Corp. (BYD)

Looking closely at Boyd Gaming Corp. (NYSE: BYD), its last 5-days average volume was 0.81 million, which is a jump from its year-to-date volume of 0.74 million. As of the previous 9 days, the stock’s Stochastic %D was 19.55%. Additionally, its Average True Range was 1.21.

During the past 100 days, Boyd Gaming Corp.’s (BYD) raw stochastic average was set at 50.73%, which indicates a significant increase from 21.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.22% in the past 14 days, which was lower than the 22.09% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $64.27, while its 200-day Moving Average is $63.27. However, in the short run, Boyd Gaming Corp.’s stock first resistance to watch stands at $64.06. Second resistance stands at $64.53. The third major resistance level sits at $65.00. If the price goes on to break the first support level at $63.12, it is likely to go to the next support level at $62.65. Now, if the price goes above the second support level, the third support stands at $62.18.

Boyd Gaming Corp. (NYSE: BYD) Key Stats

The company with the Market Capitalisation of 6.11 billion has total of 95,731K Shares Outstanding. Its annual sales at the moment are 3,738 M in contrast with the sum of 620,020 K annual income. Company’s last quarter sales were recorded 954,410 K and last quarter income was 92,610 K.