Boyd Gaming Corp (NYSE:BYD) shares, rose in value on Friday, November 01, with the stock price down by -0.91% to the previous day’s close as strong demand from buyers drove the stock to $68.66.
Actively observing the price movement in the last trading, the stock closed the session at $69.29, falling within a range of $68.43 and $70.085. The value of beta (5-year monthly) was 1.575 whereas the PE ratio was 13.12 over 12-month period. Referring to stock’s 52-week performance, its high was $72.22, and the low was $49.34. On the whole, BYD has fluctuated by 7.18% over the past month.
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With the market capitalization of Boyd Gaming Corp currently standing at about $6.30 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-06. The company’s Forward Dividend Ratio is 0.67, with its dividend yield at 0.98%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.88B, with a low estimate of 937M and a high estimate of 1.06B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 995.84M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BYD’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 16.00, with the price of BYD currently trading nearly 4.11% and 8.04% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.69, while the 7-day volatility ratio is showing 2.51% which for the 30-day chart, stands at 2.13%. Furthermore, Boyd Gaming Corp (BYD)’s beta value is 1.56, and its average true range (ATR) is 1.67.
A comparison of Boyd Gaming Corp (BYD) with its peers suggests the former has fared considerably weaker in the market. BYD showed an intraday change of -0.91% in last session, and over the past year, it grew by 25.36%%.
Data on historical trading for Boyd Gaming Corp (NYSE:BYD) indicates that the trading volumes over the past 10 days have averaged 1.11 and over the past 3 months, they’ve averaged 867.61K. According to company’s latest data on outstanding shares, there are 98.83 million shares outstanding.
Nearly 25.60% of Boyd Gaming Corp’s shares belong to company insiders and institutional investors own 70.12% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.31 million shares as on 2024-10-15, resulting in a short ratio of 4.58. According to the data, the short interest in Boyd Gaming Corp (BYD) stood at 510.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 3.98 million. The stock has risen by 9.66% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BYD stock heading into the next quarter.
