Eldorado Resorts Inc. (NASDAQ:CZR) does about 8.92M shares in volume on a normal day but saw 6177709 shares change hands in Tuesday trading. The company now has a market cap of 7.00B USD and an enterprise value of about $26.27B. Its current market price is $37.88, marking a decrease of -1.02% compared to the previous close of $38.27. The 52 week high reached by this stock is $70.74 whilst the lowest price level in 52 weeks is $6.02.
Eldorado Resorts Inc. (CZR) has a 20-day trading average at $35.83 and the current price is -46.45% off the 52-week high compared with 529.24% distance from its 52-week low. The 50-day simple moving average of the closing price is $38.41 and its 200-day simple moving average is $40.72. If we look at the stock’s price movements over the week, volatility stands at 6.77%, which increases to 6.90% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 54.36 to suggest the stock is neutral.
The consensus objective for the share price is $11.96, suggesting that the stock has a potential downside of -216.72% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 21, 2020 when Wolfe Research resumed the stock to “Outperform” and issued a price target of $63. SunTrust upgraded its price target at $10.
The current price level is 5.39%, -1.29%, and -7.04% away from its SMA20, SMA50, and SMA200 respectively, with the CZR price moving above the 50-day SMA on August 10. Eldorado Resorts Inc. (CZR) stock is up 18.78% over the week and -4.68% over the past month. Its price is -35.83% year-to-date and -5.23% over the past year.
The stock last released its quarterly earnings report for quarter ended 3/30/2020, with the company’s earnings per share (EPS) of $0.23 above consensus estimates by $0.41. CZR’s earnings per share are forecast to shrink by -13.00% this year and 47.00% over next year. Expected sales for next quarter are $1.21 billion, which analysts say will come at $4.73 billion for the current fiscal year and next year at $7.38 billion. In addition, estimates put the company’s current quarterly revenue at an average of $344.28 million.
To reach the target analysts have set, the stock logically needs to shrink -216.72 percent from here.
The company has a return on investment of 7.70% and return on equity of 7.60%. The beta has a value of 2.81. Price to book ratio is 3.17 and price to sales ratio is 3.77.
According to a U.S. Securities and Exchange Commission filing, Nationwide Small Cap Index Fund has reduced its position in Eldorado Resorts Inc. (CZR) to 16,165 shares, mirroring a recent drop by 0.00%. Nationwide Small Cap Index Fund dumped 0.0 shares of Eldorado Resorts Inc. common stock bringing its total worth to about $0.0 at the end of recent close, SEC documents show. Nationwide Small Cap Index Fund isn’t the only investment manager who changed stakes and is followed by Nationwide Mid Cap Market Index F, which sold off 0.0 shares to end up with 67,840 shares worth $0.0. Nationwide VIT – Mid Cap Index Fu cut their holdings by 0.00% in the company over the course of the most recent quarter. It now holds a 0.00% position in Eldorado Resorts Inc. thanks to 0.11 million shares amounting to $0.0.