Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) shares, rose in value on Friday, May 30, with the stock price down by -0.68% to the previous day’s close as strong demand from buyers drove the stock to $21.96.
Actively observing the price movement in the last trading, the stock closed the session at $22.11. The PE ratio was 15.80 over 12-month period. Referring to stock’s 52-week performance, its high was $52.73, and the low was $15.08. On the whole, PLAY has fluctuated by 14.43% over the past month.
With the market capitalization of Dave & Buster’s Entertainment Inc currently standing at about $758.25 million, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.16B, with a low estimate of 538.7M and a high estimate of 585.4M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 568.83M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PLAY’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.53, with the price of PLAY currently trading nearly 3.57% and 11.52% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.29, while the 7-day volatility ratio is showing 5.50% which for the 30-day chart, stands at 4.54%. Furthermore, Dave & Buster’s Entertainment Inc (PLAY)’s beta value is 2.01, and its average true range (ATR) is 1.21.
A comparison of Dave & Buster’s Entertainment Inc (PLAY) with its peers suggests the former has fared considerably weaker in the market. PLAY showed an intraday change of -0.68% in last session, and over the past year, it shrunk by -55.06%%.
Data on historical trading for Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) indicates that the trading volumes over the past 3 months, they’ve averaged 1.27 million. According to company’s latest data on outstanding shares, there are 35.55 million shares outstanding.
Nearly 1.56% of Dave & Buster’s Entertainment Inc’s shares belong to company insiders and institutional investors own 132.79% of the company’s shares. The stock has fallen by -24.77% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PLAY stock heading into the next quarter.
