Ballys Corporation (NYSE:BALY) shares, rose in value on Wednesday, June 18, with the stock price up by 8.04% to the previous day’s close as strong demand from buyers drove the stock to $10.08.
Actively observing the price movement in the last trading, the stock closed the session at $9.33. Referring to stock’s 52-week performance, its high was $23.20, and the low was $8.45. On the whole, BALY has fluctuated by -8.61% over the past month.
With the market capitalization of Ballys Corporation currently standing at about $809.19 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-12.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.56B, with a low estimate of 641.7M and a high estimate of 658.9M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 653.49M.
The stock’s technical analysis shows that the price of BALY currently trading nearly 3.08% and -14.99% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.86, while the 7-day volatility ratio is showing 4.59% which for the 30-day chart, stands at 5.45%. Furthermore, Ballys Corporation (BALY)’s average true range (ATR) is 0.91.
Data on historical trading for Ballys Corporation (NYSE:BALY) indicates that the trading volumes over the past 3 months, they’ve averaged 66.04K. According to company’s latest data on outstanding shares, there are 49.01 million shares outstanding.
Nearly 77.71% of Ballys Corporation’s shares belong to company insiders and institutional investors own 3.36% of the company’s shares. The stock has fallen by -45.43% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BALY stock heading into the next quarter.
