Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) price on Wednesday, June 11, rose 17.74% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $30.46.
A look at the stock’s price movement, the close in the last trading session was $25.87. The PE ratio in trailing twelve months stood at 30.09. Turning to its 52-week performance, $51.27 and $15.08 were the 52-week high and 52-week low respectively. Overall, PLAY moved 37.70% over the past month.
Dave & Buster’s Entertainment Inc’s market cap currently stands at around $1.05 billion, with investors looking forward to this quarter’s earnings report slated for in July.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PLAY is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
5 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 2 analyst(s) rate the stock as a Hold, 3 recommend PLAY as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 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.
The technical evaluation for the stock shows the PEG ratio is 1.23, with PLAY’s current price about 33.79% and 48.81% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 78.62, while 7-day volatility ratio is 6.42% and 5.51% in the 30-day chart. Further, Dave & Buster’s Entertainment Inc (PLAY) has a beta value of 2.02, and an average true range (ATR) of 1.60. Analysts have given the company’s stock an average 52-week price target of $21, forecast between a low of $21 and high of $21. Looking at the price targets, the low is 31.06% off current price level while to achieve the yearly target high, price needs to move 31.06%. Nonetheless, investors will most likely welcome a 31.06% jump to $21 which is the analysts’ median price.
If we refocus on Dave & Buster’s Entertainment Inc (NASDAQ:PLAY), historical trading data shows that trading volumes averaged 1.28 million over the past 3 months. The company’s latest data on shares outstanding shows there are 34.55 million shares.
The 1.56% of Dave & Buster’s Entertainment Inc’s shares are in the hands of company insiders while institutional holders own 132.75% of the company’s shares. Current price change has pushed the stock 4.35% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PLAY stock continues to rise going into the next quarter.
