Ballys Corporation (NYSE: BALY) is -45.43% lower on its value in year-to-date trading and has touched a low of $8.45 and a high of $23.20 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 BALY stock was last observed hovering at around $9.33 in the last trading session, with the day’s gains setting it 0.75%.
Currently trading at $10.08, the stock is 3.08% and -14.99% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.16 million and changing 8.04% at the moment leaves the stock -33.01% off its SMA200. BALY registered a loss of -43.34% in past 6-months.
The stock witnessed a -8.61% gain in the last 1 month and extending the period to 3 months gives it a -37.97%, and is 8.86% 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 4.59% over the week and 5.45% over the month.
Ballys Corporation (BALY) has around 10000 employees, a market worth around $809.19M and $2.42B in sales. Profit margin for the company is -16.95%. Distance from 52-week low is 19.22% and -56.55% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.57%).
The EPS is expected to grow by 86.50% this year
The shares outstanding are 49.01M, and float is at 9.07M with Short Float at 1.29%.
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.
