Caesars Entertainment Inc (NASDAQ: CZR) on Monday, plunged -3.05% from the previous trading day, before settling in for the closing price of $45.18. Within the past 52 weeks, CZR’s price has moved between $31.74 and $50.51.
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A company in the Consumer Cyclical sector has jumped its sales by 49.97% annually for the last half of the decade. The company achieved an average annual earnings per share of -122.73%. With a float of $205.78 million, this company’s outstanding shares have now reached $215.44 million.
In an organization with 51000 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 46.76%, operating margin of 20.96%, and the pretax margin is -1.05%.
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 4.88%, while institutional ownership is 106.32%. The most recent insider transaction that took place on Aug 06 ’24, was worth 24,075. In this transaction Director of this company sold 693 shares at a rate of $34.74, taking the stock ownership to the 37,650 shares. Before that another transaction happened on May 31 ’24, when Company’s Director sold 10,000 for $32.52, making the entire transaction worth $325,207. This insider now owns 350 shares in total.
Caesars Entertainment Inc (CZR) Performance Highlights and Predictions
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.34 earnings per share (EPS) for the period topping the consensus outlook (set at 0.28) by 0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.1 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -122.73% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -10.00% during the next five years compared to 24.50% growth over the previous five years of trading.
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 0.68 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 0.83. Likewise, its price to free cash flow for the trailing twelve months is 89.39.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.29, a number that is poised to hit 0.24 in the next quarter and is forecasted to reach 1.63 in one year’s time.
Technical Analysis of Caesars Entertainment Inc (CZR)
Let’s dig in a bit further. During the last 5-days, its volume was 2.33 million. That was inferior than the volume of 4.16 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 62.96%. Additionally, its Average True Range was 1.45.
During the past 100 days, Caesars Entertainment Inc’s (CZR) raw stochastic average was set at 84.99%, which indicates a significant increase from 52.98% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.17% in the past 14 days, which was lower than the 47.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $39.89, while its 200-day Moving Average is $39.65. However, in the short run, Caesars Entertainment Inc’s stock first resistance to watch stands at $44.81. Second resistance stands at $45.82. The third major resistance level sits at $46.52. If the price goes on to break the first support level at $43.10, it is likely to go to the next support level at $42.40. Assuming the price breaks the second support level, the third support level stands at $41.39.
Caesars Entertainment Inc (NASDAQ: CZR) Key Stats
Market capitalization of the company is 9.48 billion based on 216,416K outstanding shares. Right now, sales total 11,528 M and income totals 786,000 K. The company made 2,830 M in profit during its latest quarter, and -122,000 K in sales during its previous quarter.
