A new trading day began on Tuesday, with Boyd Gaming Corp (NYSE: BYD) stock price down -0.64% from the previous day of trading, before settling in for the closing price of $71.95. BYD’s price has ranged from $49.34 to $74.78 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 11.49%. Meanwhile, its annual earnings per share averaged 1.11%. With a float of $65.65 million, this company’s outstanding shares have now reached $98.83 million.
Considering the fact that the conglomerate employs 16129 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 45.27%, operating margin of 24.33%, and the pretax margin is 16.89%.
Boyd Gaming Corp (BYD) Insider Activity
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 25.72%, while institutional ownership is 70.61%. The most recent insider transaction that took place on Nov 13 ’24, was worth 2,939,600. In this transaction President and CEO of this company sold 40,000 shares at a rate of $73.49, taking the stock ownership to the 1,161,202 shares. Before that another transaction happened on Nov 14 ’24, when Company’s Director proposed sale 110,200 for $73.18, making the entire transaction worth $8,064,386.
Boyd Gaming Corp (BYD) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 1.66 per share, which was $0.1 higher 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 1.59 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 1.11% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 2.12% 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 1.64. Likewise, its price to free cash flow for the trailing twelve months is 11.96.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.23, a number that is poised to hit 1.77 in the next quarter and is forecasted to reach 6.65 in one year’s time.
Technical Analysis of Boyd Gaming Corp (BYD)
Compared to the last year’s volume of 0.92 million, its volume of 0.78 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 35.06%. Additionally, its Average True Range was 1.51.
During the past 100 days, Boyd Gaming Corp’s (BYD) raw stochastic average was set at 85.06%, which indicates a significant increase from 53.92% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.57% in the past 14 days, which was lower than the 27.47% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $66.47, while its 200-day Moving Average is $60.91. Nevertheless, the first resistance level for the watch stands at $71.92 in the near term. At $72.34, the stock is likely to face the second major resistance level. The third major resistance level sits at $72.76. If the price goes on to break the first support level at $71.08, it is likely to go to the next support level at $70.66. Should the price break the second support level, the third support level stands at $70.24.
Boyd Gaming Corp (NYSE: BYD) Key Stats
With a market capitalization of 6.32 billion, the company has a total of 88,389K Shares Outstanding. Currently, annual sales are 3,738 M while annual income is 620,020 K. The company’s previous quarter sales were 961,250 K while its latest quarter income was 131,130 K.
