Red Rock Resorts, Inc. (NASDAQ:RRR) traded at $10.78 at last check on Monday, Jun 29, making an upward move of 5.17% on its previous day’s price.
Looking at the stock we see that its previous close was $10.25 and the beta (5Y monthly) reads 2.64 with the day’s price range being $10.05 – 11.04. In terms of its 52-week price range, RRR has a high of $27.91 and a low of $2.76. The company’s stock has gained about -21.88% over that past 30 days.
Red has a market cap of $1.27 Billion and is expected to release its quarterly earnings report on Aug 04, 2020- Aug 10, 2020. With its Forward Dividend at 0.4 and a yield of 3.96%, the company’s investors could be anxious for the RRR stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of -$1.07, with the EPS growth for the year declined at -$4.04 for 2020 and -$0.53 for next year. These figures represent 79.8% and at -0.87% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $75.94 Million, with a low of $39.7 Million and a high of $177Million. The median projection represents growth adding up to -84.3% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $980Million, or -47.2% down from figures reported last year.
On the other hand, looking at the outlook for the RRR stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Let’s briefly compare Red (RRR) stock to its peers. We find that today’s price change of +5.17% and -49.81% over the past 12 months for RRR competes that of Las Vegas Sands (LVS), which has seen its stock price rise 3.05% in the latest trading session and is -24.44% over the last one year. Another of its peers Zynga Inc Cl A (ZNGA) has dropped -0.21% today, and is +55.95% up over the past year, while Caesars Entertainment Corp (CZR) is also up 5.17% yet its price remains in the red at -49.81% over the same period. Las has a P/E ratio of 16.25 compared to Red’s 0 and Zynga’s 149.38. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 2.32% and 1.47%, respectively, in early deals.
Coming back to Red Rock Resorts, Inc. (NASDAQ:RRR), we note that the average 3-month trading volume was 2.59 Million, while that of the preceding 10-day period stands at 2.85 Million. Current shares outstanding are 71.14 Million.
According to data from Thomson Reuters, insiders hold 3.96% of the company’s shares while institutions hold 103.54%. The data shows that short shares as of June 14, 2020, stood at 4.22 Million at a short ratio of 1.11. This represents a 3.6% Short interest in Shares outstanding on June 14, 2020. Shares short dropped in June from the previous month at 4.3 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -54.99% down in year-to-date price movement.