Growth Story Still Intact For Boyd Gaming Corp (BYD)

Boyd Gaming Corp (BYD) concluded trading on Wednesday at a closing price of $73.10, with 0.49 million shares of worth about $35.86 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 42.58% during that period and on November 27, 2024 the price saw a gain of about 0.07%. Currently the company’s common shares owned by public are about 98.83M shares, out of which, 65.68M shares are available for trading.

Stock saw a price change of 1.87% in past 5 days and over the past one month there was a price change of 2.05%. Year-to-date (YTD), BYD shares are showing a performance of 16.75% which increased to 25.02% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $49.34 but also hit the highest price of $74.78 during that period. The average intraday trading volume for Boyd Gaming Corp shares is 834.02K. The stock is currently trading 1.67% above its 20-day simple moving average (SMA20), while that difference is up 7.78% for SMA50 and it goes to 19.58% higher than SMA200.

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Boyd Gaming Corp (NYSE: BYD) currently have 98.83M outstanding shares and institutions hold larger chunk of about 70.20% of that.

The stock has a current market capitalization of $6.46B and its 3Y-monthly beta is at 1.55. PE ratio of stock for trailing 12 months is 13.97, while it has posted earnings per share of $5.23 in the same period. Its PEG reads 6.59 and has Quick Ratio of 0.79 while making debt-to-equity ratio of 2.35. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BYD, volatility over the week remained 1.49% while standing at 1.84% over the month.

Stock’s fiscal year EPS is expected to rise by 0.90% while it is estimated to increase by 4.41% in next year. EPS is likely to shrink at an annualized rate of 2.12% for next 5-years, compared to annual growth of 43.74% 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 Morgan Stanley on September 04, 2024 offering an Overweight rating for the stock and assigned a target price range of between $66 and $74 to it. Coverage by Raymond James stated Boyd Gaming Corp (BYD) stock as an Outperform in their note to investors on May 21, 2024, suggesting a price target of $67 for the stock. On May 01, 2024, Argus Downgrade their recommendations, while on April 26, 2024, JP Morgan Downgrade their ratings for the stock with a price target of $67. Stock get a Hold rating from Deutsche Bank on April 26, 2024.

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