Is There More Upside Ahead For Caesars Entertainment Inc (NASDAQ: CZR)

Caesars Entertainment Inc (CZR) concluded trading on Wednesday at a closing price of $42.95, with 8.17 million shares of worth about $351.05 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -0.88% during that period and on October 02, 2024 the price saw a gain of about 5.27%. Currently the company’s common shares owned by public are about 215.44M shares, out of which, 205.78M shares are available for trading.

Stock saw a price change of 5.79% in past 5 days and over the past one month there was a price change of 18.32%. Year-to-date (YTD), CZR shares are showing a performance of -8.38% which decreased to -8.34% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $31.74 but also hit the highest price of $50.51 during that period. The average intraday trading volume for Caesars Entertainment Inc shares is 4.96 million. The stock is currently trading 9.29% above its 20-day simple moving average (SMA20), while that difference is up 14.63% for SMA50 and it goes to 7.79% higher than SMA200.

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Caesars Entertainment Inc (NASDAQ: CZR) currently have 215.44M outstanding shares and institutions hold larger chunk of about 105.73% of that.

The stock has a current market capitalization of $9.29B and its 3Y-monthly beta is at 2.96. It has posted earnings per share of -$1.29 in the same period. It has Quick Ratio of 0.68 while making debt-to-equity ratio of 5.83. 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 3.47% while standing at 3.72% over the month.

Stock’s fiscal year EPS is expected to drop by -122.06% while it is estimated to increase by 302.20% in next year. EPS is likely to shrink at an annualized rate of -12.10% for next 5-years, compared to annual growth of 24.50% made by the stock over the past 5-years.

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 Susquehanna on July 15, 2024 offering a Negative rating for the stock and assigned a target price of $33 to it. Coverage by Raymond James stated Caesars Entertainment Inc (CZR) stock as a Strong buy in their note to investors on May 21, 2024, suggesting a price target of $55 for the stock. On May 09, 2024, B. Riley Securities Resumed their recommendations, while on January 09, 2024, JMP Securities Initiated their ratings for the stock with a price target of $65. Stock get an Equal weight rating from CapitalOne on October 12, 2023.

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