Caesars Entertainment Inc (NASDAQ: CZR) is -20.26% lower on its value in year-to-date trading and has touched a low of $31.74 and a high of $50.51 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 $36.54 in the last trading session, with the day’s gains setting it 0.84%.
Currently trading at $37.38, the stock is -7.94% and -10.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.65 million and changing 2.30% at the moment leaves the stock -4.68% off its SMA200. CZR registered -18.58% loss for a year compared to 6-month gain of 5.03%. The firm has a 50-day simple moving average (SMA 50) of $41.5785 and a 200-day simple moving average (SMA200) of $39.241875.
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The stock witnessed a -14.66% loss in the last 1 month and extending the period to 3 months gives it a 2.81%, and is -5.20% 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 3.59% over the week and 3.46% over the month.
Caesars Entertainment Inc (CZR) has around 51000 employees, a market worth around $7.94B and $11.27B in sales. Fwd P/E is 27.05. Profit margin for the company is -3.20%. Distance from 52-week low is 17.77% and -25.99% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.22%).
with sales reaching $2.89B over the same period.The EPS is expected to shrink by -134.32% this year, but quarterly earnings will post -1.33% year-over-year. Quarterly sales are estimated to grow 2.28% in year-over-year returns.
Caesars Entertainment Inc (CZR) Top Institutional Holders
691.0 institutions hold shares in Caesars Entertainment Inc (CZR), with institutional investors hold 105.91% of the company’s shares. The shares outstanding are 215.44M, and float is at 201.99M with Short Float at 7.21%. Institutions hold 105.14% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 23.59 million shares valued at $937.58 million. The investor’s holdings represent 10.9226% of the CZR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 16.8 million shares valued at $667.45 million to account for 7.7756 of the shares outstanding. The other top investors are CAPITAL RESEARCH GLOBAL INVESTORS which holds 16.72 million shares representing 7.7407% and valued at over $664.42 million, while JANUS HENDERSON GROUP PLC holds 4.9195 of the shares totaling 10.63 million with a market value of $422.28 million.
Caesars Entertainment Inc (CZR) Insider Activity
The most recent transaction is an insider sale by MATHER COURTNEY, the company’s Director. SEC filings show that MATHER COURTNEY sold 693 shares of the company’s common stock on Aug 06 ’24 at a price of $34.74 per share for a total of $24075.0. Following the sale, the insider now owns 37650.0 shares.
Caesars Entertainment Inc disclosed in a document filed with the SEC on May 31 ’24 that FAHRENKOPF FRANK J JR (Director) sold a total of 10,000 shares of the company’s common stock. The trade occurred on May 31 ’24 and was made at $32.52 per share for $0.33 million. Following the transaction, the insider now directly holds 350.0 shares of the CZR stock.
Still, SEC filings show that on May 31 ’24, Biumi Bonnie (Director) acquired 1,000 shares at an average price of $32.45 for $32455.0. The insider now directly holds 24,228 shares of Caesars Entertainment Inc (CZR).
