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Caesars Entertainment Inc (CZR) Is Now En Route to Higher Prices

Caesars Entertainment Inc (NASDAQ: CZR) is -15.87% lower on its value in year-to-date trading and has touched a low of $38.33 and a high of $60.27 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CZR stock was last observed hovering at around $40.22 in the last trading session, with the day’s loss setting it -0.78%.

Currently trading at $39.44, the stock is -6.21% and -6.48% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.48 million and changing -1.94% at the moment leaves the stock -15.62% off its SMA200. CZR registered -9.40% loss for a year compared to 6-month loss of -6.94%.

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The stock witnessed a 0.69% gain in the last 1 month and extending the period to 3 months gives it a -11.87%, and is -10.32% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.08% over the week and 3.24% over the month.

Caesars Entertainment Inc (CZR) has around 51000 employees, a market worth around $8.53B and $11.53B in sales. Current P/E ratio is 10.79 and Fwd P/E is 17.37. Profit margin for the company is 6.82%. Distance from 52-week low is 2.90% and -34.56% from its 52-week high. The company has generated returns on investments over the last 12 months (2.60%).

The EPS is expected to shrink by -72.84% this year.

Caesars Entertainment Inc (CZR) Top Institutional Holders

The shares outstanding are 215.44M, and float is at 206.10M with Short Float at 6.18%.

Caesars Entertainment Inc (CZR) Insider Activity

The most recent transaction is an insider purchase by Pegram Michael E,the company’sDirector. SEC filings show that Pegram Michael E bought 15,000 shares of the company’s common stock on Mar 06 ’24 at a price of $41.45 per share for a total of $0.62 million. Following the purchase, the insider now owns 0.15 million shares.

Caesars Entertainment Inc disclosed in a document filed with the SEC on Nov 10 ’23 that Pegram Michael E (Director) bought a total of 15,000 shares of the company’s common stock. The trade occurred on Nov 10 ’23 and was made at $41.90 per share for $0.63 million. Following the transaction, the insider now directly holds 0.14 million shares of the CZR stock.

Still, SEC filings show that on Aug 25 ’23, Lepori Stephanie (CAO & Chief Admin. Officer) disposed off 33,282 shares at an average price of $51.70 for $1.72 million. The insider now directly holds 41,910 shares of Caesars Entertainment Inc (CZR).

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