Las Vegas Sands Corp (NYSE:LVS) shares, rose in value, with the stock price up by 1.12% to the previous day’s close as strong demand from buyers drove the stock to $53.18.
Actively observing the price movement in the last trading, the stock closed the session at $52.59. The value of beta (5-year monthly) was 1.18 whereas the PE ratio was 33.29 over 12-month period. Referring to stock’s 52-week performance, its high was $65.58, and the low was $43.77. On the whole, LVS has fluctuated by 5.14% over the past month.
With the market capitalization of Las Vegas Sands Corp currently standing at about $40.08 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 17, 2024 – Apr 22, 2024. The company’s Forward Dividend Ratio is 0.60, with its dividend yield at 1.13%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.62, which is expected to increase to $0.75 for fiscal year $2.67 and then to about $3.1 by fiscal year 2025. Data indicates that the EPS growth is expected to be 41.30% in 2025, while the next year’s EPS growth is forecast to be 16.10%.
Analysts have estimated the company’s revenue for the quarter at $2.95 billion, with a low estimate of $2.88 billion and a high estimate of $3.02 billion. According to the average forecast, sales growth in current quarter could jump up 59.60%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $12.19 billion, representing an increase of 17.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that LVS’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of LVS currently trading nearly 2.79% and 2.08% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.53, while the 7-day volatility ratio is showing 2.79% which for the 30-day chart, stands at 2.04%. Furthermore, Las Vegas Sands Corp (LVS)’s beta value is 1.15, and its average true range (ATR) is 1.22.
A comparison of Las Vegas Sands Corp (LVS) with its peers suggests the former has fared considerably weaker in the market. LVS showed an intraday change of 1.12% in last session, and over the past year, it shrunk by -7.77%%.
Data on historical trading for Las Vegas Sands Corp (NYSE:LVS) indicates that the trading volumes over the past 10 days have averaged 3.09 million and over the past 3 months, they’ve averaged 4.42 million. According to company’s latest data on outstanding shares, there are 753.45 million shares outstanding.
Nearly 45.50% of Las Vegas Sands Corp’s shares belong to company insiders and institutional investors own 45.58% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.74 million shares as on Mar 15, 2024, resulting in a short ratio of 1.83. According to the data, the short interest in Las Vegas Sands Corp (LVS) stood at 1.03% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 7.01 million. The stock has risen by 8.07% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LVS stock heading into the next quarter.
