Caesars Entertainment Inc (NASDAQ:CZR) shares, rose in value, with the stock price up by 1.37% to the previous day’s close as strong demand from buyers drove the stock to $42.91.
Actively observing the price movement in the last trading, the stock closed the session at $42.33. The value of beta (5-year monthly) was 2.81 whereas the PE ratio was 11.74 over 12-month period. Referring to stock’s 52-week performance, its high was $60.27, and the low was $38.33. On the whole, CZR has fluctuated by 4.68% over the past month.
With the market capitalization of Caesars Entertainment Inc currently standing at about $9.28 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 30, 2024.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that CZR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell 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 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CZR currently trading nearly 2.61% and 0.93% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.15, while the 7-day volatility ratio is showing 3.72% which for the 30-day chart, stands at 3.13%. Furthermore, Caesars Entertainment Inc (CZR)’s beta value is 2.81, and its average true range (ATR) is 1.43.
A comparison of Caesars Entertainment Inc (CZR) with its peers suggests the former has fared considerably weaker in the market. CZR showed an intraday change of 1.37% in last session, and over the past year, it shrunk by -12.14%%.
Data on historical trading for Caesars Entertainment Inc (NASDAQ:CZR) indicates that the trading volumes over the past 10 days have averaged 2.87 million and over the past 3 months, they’ve averaged 3.20 million. According to company’s latest data on outstanding shares, there are 215.44 million shares outstanding.
Nearly 4.71% of Caesars Entertainment Inc’s shares belong to company insiders and institutional investors own 92.46% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.94 million shares as on Mar 15, 2024, resulting in a short ratio of 2.56. According to the data, the short interest in Caesars Entertainment Inc (CZR) stood at 4.13% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 7.61 million. The stock has fallen by -8.47% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CZR stock heading into the next quarter.
