Caesars Entertainment Inc (NASDAQ: CZR): Do Not Miss The Gain Train

Caesars Entertainment Inc (CZR) concluded trading on Wednesday at a closing price of $43.33, with 3.1 million shares of worth about $134.11 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -7.53% during that period and on April 3, 2024 the price saw a gain of about 3.56%. Currently the company’s common shares owned by public are about 215.44M shares, out of which, 206.10M shares are available for trading.

Stock saw a price change of 1.45% in past 5 days and over the past one month there was a price change of 4.23%. Year-to-date (YTD), CZR shares are showing a performance of -7.57% which decreased to -11.23% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $38.33 but also hit the highest price of $60.27 during that period. The average intraday trading volume for Caesars Entertainment Inc shares is 3.19 million. The stock is currently trading 4.06% above its 20-day simple moving average (SMA20), while that difference is up 1.64% for SMA50 and it goes to -7.81% lower than SMA200.

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Caesars Entertainment Inc (NASDAQ: CZR) currently have 215.44M outstanding shares and institutions hold larger chunk of about 93.05% of that.

The stock has a current market capitalization of $9.37B and its 3Y-monthly beta is at 2.81. PE ratio of stock for trailing 12 months is 11.85, while it has posted earnings per share of $3.66 in the same period. It has Quick Ratio of 0.74 while making debt-to-equity ratio of 5.67. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CZR, volatility over the week remained 2.63% while standing at 2.98% over the month.

Analysts are in expectations that Caesars Entertainment Inc (CZR) stock would likely to be making an EPS of $0.08 in the current quarter, while forecast for next quarter EPS is $0.32 and it is $2.48 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.12 which is $0.37 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.63 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -69.07% while it is estimated to increase by 107.78% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JMP Securities on January 09, 2024 offering a Mkt outperform rating for the stock and assigned a target price of $65 to it. Coverage by CapitalOne stated Caesars Entertainment Inc (CZR) stock as an Equal weight in their note to investors on October 12, 2023, suggesting a price target of $51 for the stock. On May 25, 2023, Susquehanna Upgrade their recommendations, while on January 24, 2023, Stifel Reiterated their ratings for the stock with a price target of $68. Stock get a Neutral rating from BofA Securities on December 14, 2022.

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