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Las Vegas Sands Corp.’s (NYSE:LVS) Stock Is Down -1.42%, But Is It Capable Of A Rally?

Las Vegas Sands Corp. (NYSE:LVS) traded at $54.69 at last check on Tuesday, 01/24/23, made a downward move of -1.42% on its previous day’s price.

Looking at the stock we see that its previous close was $55.47 and the beta (5Y monthly) reads 1.17 with the day’s price range being $54.57 – $55.54. In terms of its 52-week price range, LVS has a high of $55.90 and a low of $28.88. The company’s stock has gained about 18.30% over that past 30 days.

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Las Vegas Sands Corp. has a market cap of $42.23 billion and is expected to release its quarterly earnings report on Apr 25, 2023 – May 01, 2023. Estimates by analysts give the company expected earnings per share (EPS) of -$0.08, with the EPS growth for the year raised at -$1.08 for 2022 and $1.16 for next year. These figures represent 8.50% and 207.40% 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 $1.2 billion, with a low of $1.08 billion and a high of $1.32 billion. The median projection represents growth squeezing down to 19.30% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $4.24 billion, or 0.20% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the LVS stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Looking further, we note the current price level is 5.41% off its SMA20 and 13.58% from its 50-day simple moving average. The RSI (14) is pointing at 67.53 while the volatility over the past week is 1.86% and jumps to 2.68% over the past one month. The beta value is 1.13, while the average true range (ATR) is currently pointing at 1.40. The average price target for the stock over the next 12 months is $55.47, with the estimates having a low of $40.00 and a high of $73.50. These price ends are 26.86% and -34.39% off the today’s price level respectively, although investors could be excited at the prospect of a -0.57% if the LVS share price touches on the median price of $55.00.

Let’s briefly compare Las Vegas Sands Corp. (LVS) stock to its peers. We find that today’s price change of -1.42% and 26.79% over the past 12 months for LVS competes that of Las Vegas Sands Corp. (LVS), which has seen its stock price fall -1.39% in the latest trading session and is 26.79% over the last one year. Another of its peers DraftKings Inc. (DKNG) has dropped -5.35% today, and was -23.33% down over the past year, while MGM Resorts International (MGM) is also down -1.79% yet, while its price remains in the red at -1.66% over the same period. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -1.43% and -1.17%, respectively, in early deals.

Coming back to Las Vegas Sands Corp. (NYSE:LVS), we note that the average 3-month trading volume was 5.48 million, while that of the preceding 10-day period stands at 4.78 million. Current shares outstanding are 764.00 million.

The insiders hold 56.80% of the company’s shares while institutions hold 41.00%. The data shows that short shares as of Oct 13, 2022, stood at 15.83 million at a short ratio of 1.73. This represents a 2.07% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 15.48 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 15.39% up in year-to-date price movement.

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