Ballys Corporation (NYSE:BALY) currently has a daily average trading volume of 266.45K but it saw 9451708 shares traded in last market. With a market cap of 684.52M USD, the company’s current market price of $16.91 came rising about 25.07 while comparing to the previous closing price of $13.52. In past 52 weeks, the stock remained buoying in the range of price level as high as $16.96 and as low as $7.28.
Taking a look at 20-day trading activity of Ballys Corporation (BALY) gives us an average price of $13.01, while its current price level is -0.29% below from 52-week high level whereas it is 132.28% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $12.45 while that of 200 days or SMA-200 reads an average of $12.02. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.27% during that period while stretching the period over a month that increases to 3.48%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 78.87 which implies that the stock is in overbought territory.
Wells Fargo downgraded its recommendation for the stock as a “Underweight” from “Equal Weight” on January 05, 2024 while assigning a price target of $10. Stifel also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $28 and $25.
Over the week, BALY’s stock price is moving 24.89% up while it is 48.72% when we observe its performance for the past one month. Year-to-date it is 21.31% up and over the past year, the stock is showing an upside performance of 6.55%.
Currently, Ballys Corporation’s total number of outstanding shares is 39.97M. Company’s return on investment (ROI) stands at -9.63% and return on equity (ROE) at -71.38%. Stock’s beta reads 2.09. Stock has a price to book (P/B) ratio of 1.52 while price to sale or P/S ratio amounts to 0.28. Its return on asset (ROA) is -7.84% on average.
