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Caesars Entertainment Inc. (NASDAQ: CZR): Getting A Free Pass?

Caesars Entertainment Inc. (NASDAQ:CZR) shares, rose in value on Friday, May 13, with the stock price up by 8.09% to the previous day’s close as strong demand from buyers drove the stock to $53.86.

Actively observing the price movement in the recent trading, the stock is buoying the session at $49.83, falling within a range of $46.08 and $51.38. The value of beta (5-year monthly) is 2.94. Referring to stock’s 52-week performance, its high was $119.81, and the low was $46.08. On the whole, CZR has fluctuated by -25.65% over the past month.

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With the market capitalization of Caesars Entertainment Inc. currently standing at about $11.22 billion, investors are eagerly awaiting this quarter’s results, scheduled for Feb 25, 2022 – Mar 01, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.82, which is expected to increase to $0.06 for fiscal year -$3.66 and then to about $1.31 by fiscal year 2022. Data indicates that the EPS growth is expected to be 72.90% in 2022, while the next year’s EPS growth is forecast to be 135.80%.

Analysts have estimated the company’s revenue for the quarter at $2.63 billion, with a low estimate of $2.52 billion and a high estimate of $2.73 billion. According to the average forecast, sales growth in current quarter could jump up 75.40%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $9.73 billion, representing an increase of 180.00% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that CZR’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CZR currently trading nearly -15.43% and -24.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.21, while the 7-day volatility ratio is showing 10.38% which for the 30-day chart, stands at 7.32%. Furthermore, Caesars Entertainment Inc. (CZR)’s beta value is 2.79, and its average true range (ATR) is 4.69.

A comparison of Caesars Entertainment Inc. (CZR) with its peers suggests the former has fared considerably weaker in the market. CZR showed an intraday change of 8.09% in today’s session so far, and over the past year, it shrunk by -47.20%%. In comparison, Las Vegas Sands Corp. (LVS) has moved higher at 11.18% today and is down -45.95% over the past 12 months. On the other hand, the price of DraftKings Inc. (DKNG) has risen 10.20% today. The stock, however, is off -72.26% from where it was a year ago. Additionally, there is a gain of 4.32% for MGM Resorts International (MGM) in recent trading while the stock has seen an overall depriciation of -7.87%% over the past year. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 2.28%. Meanwhile, the Dow Jones Industrial Improved by 1.56%.

Data on historical trading for Caesars Entertainment Inc. (NASDAQ:CZR) indicates that the trading volumes over the past 3 months, they’ve averaged 3.06 million. According to company’s latest data on outstanding shares, there are 211.00 million shares outstanding.

Nearly 0.30% of Caesars Entertainment Inc.’s shares belong to company insiders and institutional investors own 95.40% of the company’s shares. The stock has fallen by -46.72% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CZR stock heading into the next quarter.

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