On Tuesday, Red Rock Resorts Inc (NASDAQ: RRR) opened higher 2.28% from the last session, before settling in for the closing price of $46.92. Price fluctuations for RRR have ranged from $35.09 to $61.73 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 3.89%. Company’s average yearly earnings per share was noted 7.76% at the time writing. With a float of $50.83 million, this company’s outstanding shares have now reached $60.09 million.
Considering the fact that the conglomerate employs 9300 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 68.72%, operating margin of 29.25%, and the pretax margin is 17.57%.
Red Rock Resorts Inc (RRR) Insider Activity
A key investor’s attitude towards the stock of the Resorts & Casinos industry is another important factor to consider. The insider ownership of Red Rock Resorts Inc is 15.41%, while institutional ownership is 82.52%. 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 7.76% per share during the next fiscal year.
Red Rock Resorts Inc (NASDAQ: RRR) Trading Performance Indicators
Check out the current performance indicators for Red Rock Resorts Inc (RRR). In the past quarter, the stock posted a quick ratio of 0.87. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.61. Likewise, its price to free cash flow for the trailing twelve months is 18.24.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.27, a number that is poised to hit 0.40 in the next quarter and is forecasted to reach 1.77 in one year’s time.
Technical Analysis of Red Rock Resorts Inc (RRR)
Compared to the last year’s volume of 0.66 million, its volume of 0.66 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 88.52%. Additionally, its Average True Range was 1.63.
During the past 100 days, Red Rock Resorts Inc’s (RRR) raw stochastic average was set at 68.33%, which indicates a significant decrease from 93.86% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.44% in the past 14 days, which was lower than the 40.18% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $43.23, while its 200-day Moving Average is $49.43. Nevertheless, the first resistance level for the watch stands at $48.64 in the near term. At $49.30, the stock is likely to face the second major resistance level. The third major resistance level sits at $50.17. If the price goes on to break the first support level at $47.12, it is likely to go to the next support level at $46.25. Should the price break the second support level, the third support level stands at $45.59.
Red Rock Resorts Inc (NASDAQ: RRR) Key Stats
There are currently 106,044K shares outstanding in the company with a market cap of 5.09 billion. Presently, the company’s annual sales total 1,939 M according to its annual income of 154,050 K. Last quarter, the company’s sales amounted to 497,860 K and its income totaled 44,750 K.
