Investors must take note of Ballys Corporation’s (BALY) performance last week, which was -0.23%.

Ballys Corporation (NYSE: BALY) on Friday, plunged -0.29% from the previous trading day, before settling in for the closing price of $17.50. Within the past 52 weeks, BALY’s price has moved between $7.28 and $18.00.

Annual sales at Consumer Cyclical sector company grew by 64.95% over the past five years. The company achieved an average annual earnings per share of -70.71%. With a float of $23.60 million, this company’s outstanding shares have now reached $39.97 million.

Let’s look at the performance matrix of the company that is accounted for 10500 employees. In terms of profitability, gross margin is 39.99%, operating margin of -6.62%, and the pretax margin is -25.51%.

Ballys Corporation (BALY) Insider and Institutional Ownership

Observing investor behavior towards Resorts & Casinos industry stocks is more important than anything else. The insider ownership of Ballys Corporation is 41.95%, while institutional ownership is 42.64%. The most recent insider transaction that took place on Nov 09 ’23, 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 ’23, when Company’s Director bought 2,000 for $9.10, making the entire transaction worth $18,200. This insider now owns 28,721 shares in total.

Ballys Corporation (BALY) Latest Financial update

As on 6/30/2024, 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. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.53 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -70.71% 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 0.58 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 0.29.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -11.12, a number that is poised to hit -0.23 in the next quarter and is forecasted to reach -1.52 in one year’s time.

Technical Analysis of Ballys Corporation (BALY)

Ballys Corporation (NYSE: BALY) saw its 5-day average volume 0.49 million, a positive change from its year-to-date volume of 0.47 million. As of the previous 9 days, the stock’s Stochastic %D was 16.10%. Additionally, its Average True Range was 0.13.

During the past 100 days, Ballys Corporation’s (BALY) raw stochastic average was set at 92.27%, which indicates a significant increase from 26.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 5.20% in the past 14 days, which was lower than the 43.67% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $17.25, while its 200-day Moving Average is $13.80. Nevertheless, the first resistance level for the watch stands at $17.49 in the near term. At $17.53, the stock is likely to face the second major resistance level. The third major resistance level sits at $17.56. If the price goes on to break the first support level at $17.42, it is likely to go to the next support level at $17.39. The third support level lies at $17.35 if the price breaches the second support level.

Ballys Corporation (NYSE: BALY) Key Stats

Market capitalization of the company is 709.52 million based on 40,485K outstanding shares. Right now, sales total 2,449 M and income totals -187,500 K. The company made 621,660 K in profit during its latest quarter, and -60,200 K in sales during its previous quarter.