Caesars Entertainment Inc (NASDAQ:CZR) price on current trading day, fall -0.44% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $28.99.
A look at the stock’s price movement, the level at last check in today’s session was $29.12, moving within a range at $28.75 and $29.1758. The beta value (5-Year monthly) was 2.968. Turning to its 52-week performance, $45.93 and $26.42 were the 52-week high and 52-week low respectively. Overall, CZR moved -23.65% over the past month.
Caesars Entertainment Inc’s market cap currently stands at around $6.15 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-24.
Analysts have a consensus estimate of 2.83B for the company’s revenue for the quarter, with a low and high estimate of 2.76B and 2.92B respectively. The average forecast suggests up to a 3.13% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 11.62B, representing a 3.35% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CZR is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
17 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 11 recommend CZR as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 2 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CZR’s current price about -4.50% and -12.97% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.60, while 7-day volatility ratio is 4.84% and 5.30% in the 30-day chart. Further, Caesars Entertainment Inc (CZR) has a beta value of 2.63, and an average true range (ATR) of 1.44. Analysts have given the company’s stock an average 52-week price target of $39, forecast between a low of $30 and high of $57. Looking at the price targets, the low is -3.48% off recent price level in today’s trading while to achieve the yearly target high, it has to move -96.62%. Nonetheless, investors will most likely welcome a -34.53% jump to $39 which is the analysts’ median price.
If we refocus on Caesars Entertainment Inc (NASDAQ:CZR), historical trading data shows that trading volumes averaged 6.39 over the past 10 days and 5.06 million over the past 3 months. The company’s latest data on shares outstanding shows there are 211.33 million shares.
The 6.24% of Caesars Entertainment Inc’s shares are in the hands of company insiders while institutional holders own 102.95% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 17.62 million on 2025-02-28, giving us a short ratio of 3.9. The data shows that as of 2025-02-28 short interest in Caesars Entertainment Inc (CZR) stood at 943.0 of shares outstanding, with shares short rising to 15.32 million registered in 2025-01-31. Current price change has pushed the stock -13.25% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CZR stock continues to rise going into the next quarter.
