Caesars Entertainment Inc. (NASDAQ:CZR) price closed higher on Tuesday, August 24, jumping 5.13% above its previous close.
A look at the daily price movement shows that the last close reads $89.28, with intraday deals fluctuated between $89.96 and $93.93. The company’s 5Y monthly beta was ticking 3.18. Taking into account the 52-week price action we note that the stock hit a 52-week high of $113.46 and 52-week low of $43.07. The stock added 0.65% on its value in the past month.
Caesars Entertainment Inc., which has a market valuation of $19.29 billion, is expected to release its quarterly earnings report Nov 05, 2021 – Nov 09, 2021. Analysts tracking CZR have forecast the quarterly EPS to shrink by -0.18 per share this quarter, while the same analysts predict the annual EPS to hit -$1.56 for the year 2021 and up to $1.72 for 2022. In this case, analysts estimate an annual EPS growth of 88.40% for the year and 210.30% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $2.33 billion, with the likely lows of $2.25 billion and highs of $2.5 billion. The average estimate suggests sales growth for the quarter will likely rise by 2,032.30% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $9.57 billion for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 175.40% above that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with 1 upward and no downward reviews. On the technical perspective front, indicators give CZR a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as 50% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 14 analysts have assigned CZR a recommendation rating as follows: 2 rate it as a Hold; 10 advise Buy while 2 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Caesars Entertainment Inc. (CZR) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that CZR’s price is at present 5.79% off the SMA20 and -0.91% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 55.72, with weekly volatility standing at 4.37%. The indicator jumps to 4.47% when calculated based on the past 30 days. Caesars Entertainment Inc. (NASDAQ:CZR)’s beta value is holding at 3.19, while the average true range (ATR) indicator is currently reading 4.11. Considering analysts have assigned the stock a price target range of $112.00-$144.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $127.73. Based on this estimate, we see that current price is roughly -19.33% off the estimated low and -53.42% off the forecast high. Investors will no doubt be excited to see the share price fall to $127.00, which is the median consensus price, and at that level CZR would be -35.31% from current price.
Turning out attention to how the Caesars Entertainment Inc. stock has performed in comparison to its peers in the industry, here’s what we find: CZR’s stock is 5.13% on the day and 109.88% in the past 12 months, while DraftKings Inc. (DKNG) traded 5.91% in the last session and was positioned 57.69% up on its price 12 months ago. Another comparison is with Las Vegas Sands Corp. (LVS) whose stock price was up 7.53% in the last trading session, and has flourished -14.23% over the past year. Also, MGM Resorts International (MGM) showed up trend of 3.52% while its price kept floating at 83.70% over the past year. Elsewhere in the market, the S&P 500 Index has rallied 0.15% in last trading session, with the Dow Jones Industrial also saw a positive session on the day with 0.09%.
An analysis of the Caesars Entertainment Inc. (NASDAQ:CZR) stock in terms of its daily trading volume indicates that the 3-month average is 3.18 million.
Current records show that the company has 209.00M in outstanding shares. The insiders’ percentage holdings are 0.20% of outstanding shares while the percentage share held by institutions stands at 95.70%. But the 26.38% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.