Dave & Buster’s Entertainment Inc (PLAY): Investing In A Time Of Crisis

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) currently has a daily average trading volume of 1.28M but it saw 1973724 shares traded in last market. With a market cap of 1.52B USD, the company’s current market price of $38.77 came rising about 5.35 while comparing to the previous closing price of $36.80. In past 52 weeks, the stock remained buoying in the range of price level as high as $69.82 and as low as $29.31. In the recent trading on the day, stock has struck highest price mark of $37.0 while lowest mark touched by it was $38.905.

Taking a look at 20-day trading activity of Dave & Buster’s Entertainment Inc (PLAY) gives us an average price of $33.68, while its current price level is -44.47% below from 52-week high level whereas it is 32.28% 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 $32.45 while that of 200 days or SMA-200 reads an average of $46.70. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.83% during that period while stretching the period over a month that decreases to 4.26%. 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 69.85 which implies that the stock is in neutral territory.

Piper Sandler downgraded its recommendation for the stock as a “Neutral” from “Overweight” on April 04, 2024 while assigning a price target range of $50-$71.

Over the week, PLAY’s stock price is moving 20.29% up while it is 20.63% when we observe its performance for the past one month. Year-to-date it is -28.00% down and over the past year, the stock is showing an upside performance of 5.04%.

Currently, Dave & Buster’s Entertainment Inc’s total number of outstanding shares is 40.27M. Company’s return on investment (ROI) stands at 3.42% and return on equity (ROE) at 37.64%. It has a price to earnings ratio (P/E ratio) of 14.16 while having a 10.78 of forward P/E ratio. Stock’s beta reads 2.15. Stock has a price to book (P/B) ratio of 5.36 while price to sale or P/S ratio amounts to 0.69. Its return on asset (ROA) is 2.98% on average.