Golden Entertainment Inc (NASDAQ: GDEN) is -18.88% lower on its value in year-to-date trading and has touched a low of $27.42 and a high of $42.14 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 GDEN stock was last observed hovering at around $32.25 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $32.39, the stock is 8.12% and 6.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.16 million and changing 0.43% at the moment leaves the stock -5.23% off its SMA200. GDEN registered -9.32% loss for a year compared to 6-month loss of -5.46%.
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The stock witnessed a 4.59% gain in the last 1 month and extending the period to 3 months gives it a 7.00%, and is 2.37% up 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 2.06% over the week and 2.88% over the month.
Golden Entertainment Inc (GDEN) has around 5800 employees, a market worth around $916.96M and $829.80M in sales. Current P/E ratio is 3.64 and Fwd P/E is 26.00. Profit margin for the company is 33.07%. Distance from 52-week low is 18.13% and -23.14% from its 52-week high. The company has generated returns on investments over the last 12 months (27.13%).
The EPS is expected to shrink by -77.46% this year.
Golden Entertainment Inc (GDEN) Top Institutional Holders
229.0 institutions hold shares in Golden Entertainment Inc (GDEN), with institutional investors hold 96.79% of the company’s shares. The shares outstanding are 28.67M, and float is at 21.13M with Short Float at 2.55%. Institutions hold 71.65% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 3.48 million shares valued at $108.3 million. The investor’s holdings represent 12.1198% of the GDEN Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 1.53 million shares valued at $$47.71 million to account for 5.3389 of the shares outstanding. The other top investors are WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC which holds 1.49 million shares representing 5.1758% and valued at over $46.25 million, while HILL PATH CAPITAL LP holds 3.7229 of the shares totaling 1.07 million with a market value of $33.27 million.
Golden Entertainment Inc (GDEN) Insider Activity
The most recent transaction is an insider sale by Protell Charles,the company’sPresident and CFO. SEC filings show that Protell Charles sold 8,910 shares of the company’s common stock on Dec 21 ’23 at a price of $39.83 per share for a total of $0.35 million. Following the sale, the insider now owns 0.64 million shares.
Golden Entertainment Inc disclosed in a document filed with the SEC on Dec 20 ’23 that Protell Charles (President and CFO) sold a total of 13,557 shares of the company’s common stock. The trade occurred on Dec 20 ’23 and was made at $41.42 per share for $0.56 million. Following the transaction, the insider now directly holds 0.64 million shares of the GDEN stock.
Still, SEC filings show that on Dec 19 ’23, Protell Charles (President and CFO) disposed off 12,285 shares at an average price of $40.09 for $0.49 million. The insider now directly holds 643,873 shares of Golden Entertainment Inc (GDEN).
