Churchill Downs, Inc (NASDAQ:CHDN) shares, rose in value on Friday, March 07, with the stock price down by -1.06% to the previous day’s close as strong demand from buyers drove the stock to $112.00.
Actively observing the price movement in the last trading, the stock closed the session at $113.20. The PE ratio was 19.72 over 12-month period. Referring to stock’s 52-week performance, its high was $150.21, and the low was $111.10. On the whole, CHDN has fluctuated by -7.39% over the past month.
With the market capitalization of Churchill Downs, Inc currently standing at about $8.24 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.41, with its dividend yield at 0.37%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.95B, with a low estimate of 634.7M and a high estimate of 664.8M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 648.82M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CHDN’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 1.55, with the price of CHDN currently trading nearly -4.94% and -9.53% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 32.30, while the 7-day volatility ratio is showing 2.72% which for the 30-day chart, stands at 2.43%. Furthermore, Churchill Downs, Inc (CHDN)’s beta value is 0.86, and its average true range (ATR) is 2.94.
A comparison of Churchill Downs, Inc (CHDN) with its peers suggests the former has fared considerably weaker in the market. CHDN showed an intraday change of -1.06% in last session, and over the past year, it shrunk by -0.06%%.
Data on historical trading for Churchill Downs, Inc (NASDAQ:CHDN) indicates that the trading volumes over the past 3 months, they’ve averaged 534.88K. According to company’s latest data on outstanding shares, there are 73.50 million shares outstanding.
Nearly 9.98% of Churchill Downs, Inc’s shares belong to company insiders and institutional investors own 78.20% of the company’s shares. The stock has fallen by -16.13% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CHDN stock heading into the next quarter.
