Caesars Entertainment Inc. (NASDAQ:CZR) does about 7.77M shares in volume on a normal day but saw 4148263 shares change hands in Monday trading. The company now has a market cap of 7.10B USD and an enterprise value of about $10.37B. Its current market price is $45.80, marking a decrease of -6.63% compared to the previous close of $49.05. The 52 week high reached by this stock is $70.74 whilst the lowest price level in 52 weeks is $6.02.
Caesars Entertainment Inc. (CZR) has a 20-day trading average at $41.70 and the current price is -35.26% off the 52-week high compared with 660.80% distance from its 52-week low. The 50-day simple moving average of the closing price is $39.41 and its 200-day simple moving average is $40.47. If we look at the stock’s price movements over the week, volatility stands at 4.96%, which increases to 6.22% 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 59.89 to suggest the stock is neutral.
The consensus objective for the share price is $56.33, suggesting that the stock has a potential upside of 18.69% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 13, 2020 when JP Morgan resumed the stock to “Overweight” and issued a price target of . Cowen initiated its price target at $52.
The current price level is 11.64%, 16.43%, and 13.11% away from its SMA20, SMA50, and SMA200 respectively, with the CZR price moving above the 50-day SMA on August 31. Caesars Entertainment Inc. (CZR) stock is up 2.42% over the week and 47.50% over the past month. Its price is -23.21% year-to-date and 18.93% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of -$1.25 above consensus estimates by $2.09. CZR’s earnings per share are forecast to shrink by -778.60% this year and 88.10% over next year. Expected sales for next quarter are $1.85 billion, which analysts say will come at $4.09 billion for the current fiscal year and next year at $9.08 billion. In addition, estimates put the company’s current quarterly revenue at an average of $1.51 billion.
To reach the target analysts have set, the stock logically needs to grow 18.69 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 2.96. Price to book ratio is 3.80 and price to sales ratio is 3.83.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has added its position in Caesars Entertainment Inc. (CZR) to 19,602,019 shares, mirroring a recent increase by 173.84%. Vanguard Total Stock Market Index added 12.44 million shares of Caesars Entertainment Inc. common stock bringing its total worth to about $608.64 million at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by Vanguard Small Cap Index Fund, which added 9.25 million shares to end up with 15,516,115 shares worth $481.78 million. Vanguard Small Cap Growth Index F raise their holdings by 146.41% in the company over the course of the most recent quarter. It now holds a 5.85% position in Caesars Entertainment Inc. thanks to 9.4 million shares amounting to $291.92 million.