A new trading day began on Tuesday, with Boyd Gaming Corp. (NYSE: BYD) stock price down -0.51% from the previous day of trading, before settling in for the closing price of $58.81. BYD’s price has ranged from $49.34 to $68.46 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Consumer Cyclical sector saw sales topped by 11.49%. Meanwhile, its annual earnings per share averaged -3.02%. With a float of $70.31 million, this company’s outstanding shares have now reached $98.83 million.
The extent of productivity of a business whose workforce counts for 16129 workers is very important to gauge. In terms of profitability, gross margin is 47.36%, operating margin of 24.65%, and the pretax margin is 17.23%.
Boyd Gaming Corp. (BYD) Insider Updates
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 Boyd Gaming Corp. is 23.38%, while institutional ownership is 71.49%. The most recent insider transaction that took place on May 22 ’24, was worth 100,034. In this transaction Director of this company sold 1,874 shares at a rate of $53.38, taking the stock ownership to the 2,338 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) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 1.36 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.64 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -3.02% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 0.82% 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
Here are Boyd Gaming Corp.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.79. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.42. Likewise, its price to free cash flow for the trailing twelve months is 10.56.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.15, a number that is poised to hit 1.39 in the next quarter and is forecasted to reach 6.62 in one year’s time.
Technical Analysis of Boyd Gaming Corp. (BYD)
The latest stats from [Boyd Gaming Corp., BYD] show that its last 5-days average volume of 0.9 million was inferior to 0.96 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 87.91%. Additionally, its Average True Range was 1.47.
During the past 100 days, Boyd Gaming Corp.’s (BYD) raw stochastic average was set at 47.96%, which indicates a significant decrease from 68.31% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.09% in the past 14 days, which was lower than the 36.84% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $56.28, while its 200-day Moving Average is $59.66. Now, the first resistance to watch is $59.08. This is followed by the second major resistance level at $59.66. The third major resistance level sits at $60.00. If the price goes on to break the first support level at $58.17, it is likely to go to the next support level at $57.83. Assuming the price breaks the second support level, the third support level stands at $57.25.
Boyd Gaming Corp. (NYSE: BYD) Key Stats
With a market capitalization of 5.37 billion, the company has a total of 94,877K Shares Outstanding. Currently, annual sales are 3,738 M while annual income is 620,020 K. The company’s previous quarter sales were 967,510 K while its latest quarter income was 139,850 K.
