Ballys Corporation (NYSE: BALY) is 23.39% higher on its value in year-to-date trading and has touched a low of $7.28 and a high of $17.44 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BALY stock was last observed hovering at around $17.14 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $17.20, the stock is 0.77% and 15.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.18 million and changing 0.35% at the moment leaves the stock 32.39% off its SMA200. BALY registered 4.56% gain for a year compared to 6-month gain of 61.05%.
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The stock witnessed a 0.35% loss in the last 1 month and extending the period to 3 months gives it a 41.56%, and is 0.58% 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 0.45% over the week and 0.58% over the month.
Ballys Corporation (BALY) has around 10500 employees, a market worth around $699.18M and $2.48B in sales. Profit margin for the company is -22.52%. Distance from 52-week low is 136.26% and -1.38% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.41%).
The EPS is expected to shrink by -71.09% this year.
Ballys Corporation (BALY) Top Institutional Holders
164.0 institutions hold shares in Ballys Corporation (BALY), with institutional investors hold 81.77% of the company’s shares. The shares outstanding are 39.97M, and float is at 23.62M with Short Float at 6.69%. Institutions hold 69.33% of the Float.
The top institutional shareholder in the company is STANDARD GENERAL L.P. with over 10.59 million shares valued at $126.76 million. The investor’s holdings represent 22.0076% of the BALY Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 2.05 million shares valued at $$24.51 million to account for 4.2562 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 1.67 million shares representing 3.4679% and valued at over $19.97 million, while TFG ASSET MANAGEMENT GP LTD holds 3.1173 of the shares totaling 1.5 million with a market value of $17.95 million.
Ballys Corporation (BALY) Insider Activity
The most recent transaction is an insider purchase by ROLLINS JEFFREY W,the company’sDirector. SEC filings show that ROLLINS JEFFREY W bought 5,000 shares of the company’s common stock on Nov 09 ’23 at a price of $10.00 per share for a total of $50000.0. Following the purchase, the insider now owns 87175.0 shares.
Ballys Corporation disclosed in a document filed with the SEC on Nov 06 ’23 that Wilson Wanda Y. (Director) bought a total of 2,000 shares of the company’s common stock. The trade occurred on Nov 06 ’23 and was made at $9.10 per share for $18200.0. Following the transaction, the insider now directly holds 28721.0 shares of the BALY stock.
Still, SEC filings show that on Nov 06 ’23, PATEL JAYMIN B (Director) acquired 10,000 shares at an average price of $8.84 for $88400.0. The insider now directly holds 33,624 shares of Ballys Corporation (BALY).
