Red Rock Resorts Inc (NASDAQ: RRR) on Monday, soared 3.37% from the previous trading day, before settling in for the closing price of $50.09. Within the past 52 weeks, RRR’s price has moved between $42.63 and $63.28.
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A company in the Consumer Cyclical sector has jumped its sales by 3.48% annually for the last half of the decade. The company achieved an average annual earnings per share of -10.69%. With a float of $50.52 million, this company’s outstanding shares have now reached $59.63 million.
In an organization with 9385 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 59.0%, operating margin of 31.51%, and the pretax margin is 18.56%.
Red Rock Resorts Inc (RRR) Insider Updates
Observing investor behavior towards Resorts & Casinos industry stocks is more important than anything else. The insider ownership of Red Rock Resorts Inc is 15.28%, while institutional ownership is 85.99%. The most recent insider transaction that took place on Aug 06 ’24, was worth 1,746,096. In this transaction Vice President of this company bought 33,000 shares at a rate of $52.91, taking the stock ownership to the 47,579,301 shares. Before that another transaction happened on Aug 05 ’24, when Company’s Vice President bought 33,000 for $49.77, making the entire transaction worth $1,642,377. This insider now owns 47,546,301 shares in total.
Red Rock Resorts Inc (RRR) Performance Highlights and Predictions
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.95 earnings per share (EPS) for the period topping the consensus outlook (set at 0.46) by 0.49. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.52 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -10.69% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 2.23% during the next five years compared to 10.75% growth over the previous five years of trading.
Red Rock Resorts Inc (NASDAQ: RRR) Trading Performance Indicators
Red Rock Resorts Inc (RRR) is currently performing well based on its current performance indicators. A quick ratio of 0.96 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 2.88. Likewise, its price to free cash flow for the trailing twelve months is 54.95.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.30, a number that is poised to hit 0.43 in the next quarter and is forecasted to reach 1.77 in one year’s time.
Technical Analysis of Red Rock Resorts Inc (RRR)
Let’s dig in a bit further. During the last 5-days, its volume was 0.61 million. That was better than the volume of 0.49 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 56.11%. Additionally, its Average True Range was 1.53.
During the past 100 days, Red Rock Resorts Inc’s (RRR) raw stochastic average was set at 31.05%, which indicates a significant decrease from 71.70% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.75% in the past 14 days, which was lower than the 34.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $52.43, while its 200-day Moving Average is $54.68. However, in the short run, Red Rock Resorts Inc’s stock first resistance to watch stands at $52.66. Second resistance stands at $53.55. The third major resistance level sits at $54.79. If the price goes on to break the first support level at $50.53, it is likely to go to the next support level at $49.29. Assuming the price breaks the second support level, the third support level stands at $48.40.
Red Rock Resorts Inc (NASDAQ: RRR) Key Stats
Market capitalization of the company is 5.49 billion based on 105,619K outstanding shares. Right now, sales total 1,724 M and income totals 176,000 K. The company made 468,020 K in profit during its latest quarter, and 28,950 K in sales during its previous quarter.
