Red Rock Resorts Inc (NASDAQ:RRR) shares, rose in value, with the stock price down by -8.63% to the previous day’s close as strong demand from buyers drove the stock to $54.12.
Actively observing the price movement in the last trading, the stock closed the session at $59.23. The PE ratio was 21.30 over 12-month period. Referring to stock’s 52-week performance, its high was $63.28, and the low was $37.17. On the whole, RRR has fluctuated by -9.44% over the past month.
The company’s Forward Dividend Ratio is 1.00, with its dividend yield at 1.85%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.94B, with a low estimate of 476.2M and a high estimate of 526M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 492.56M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RRR’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 50% 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 RRR currently trading nearly -9.93% and -7.10% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.40, while the 7-day volatility ratio is showing 3.93% which for the 30-day chart, stands at 3.05%. Furthermore, Red Rock Resorts Inc (RRR)’s beta value is 2.06, and its average true range (ATR) is 1.91.
A comparison of Red Rock Resorts Inc (RRR) with its peers suggests the former has fared considerably weaker in the market. RRR showed an intraday change of -8.63% in last session, and over the past year, it grew by 19.35%%.
Data on historical trading for Red Rock Resorts Inc (NASDAQ:RRR) indicates that the trading volumes over the past 3 months, they’ve averaged 403.83K. According to company’s latest data on outstanding shares, there are 58.87 million shares outstanding.
Nearly 16.09% of Red Rock Resorts Inc’s shares belong to company insiders and institutional investors own 85.13% of the company’s shares. The stock has risen by 3.26% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RRR stock heading into the next quarter.
