On August 4, 2023, Barclays analyst Brandt Montour reaffirmed his Equal-Weight rating on Ballys (NYSE:BALY) but adjusted the price target to $20, down from $21 previously. Over the past three months, eight Wall Street analysts have provided their 12-month price targets for Bally’s Corporation, resulting in an average estimate of $21.29. The highest estimate stands at $35, while the lowest estimate is $20. As of August 3, 2023, the stock price for Bally’s Corporation (BALY) sits at $15.20.
Updated on: 04/12/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Strong Sell
3:00 PM (UTC)
Date:03 December, 2023
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BALY Stock Performance and Analysis: Mixed Results and Growth Forecast
BALY stock had mixed performance on August 4, 2023. The stock opened at $15.12, slightly lower than the previous day’s closing price of $15.20. Throughout the day, it traded within a range of $15.08 to $15.52. The stock had a volume of 51,775, which was significantly lower than its average volume of 302,412 over the past three months.
BALY’s market capitalization stood at $723.1 million. The company had experienced a significant decline in earnings growth of -406.32% in the previous year. However, it managed to turn around its performance this year with earnings growth of +143.45%. The earnings growth forecast for the next five years was not available.
On the revenue front, BALY recorded a notable growth rate of +70.57% in the previous year. The stock had a price-to-sales ratio of 0.50 and a price-to-book ratio of 0.91.
Unfortunately, there was no information available about the price-to-earnings ratio (P/E ratio) for BALY, making it difficult to assess its valuation compared to its earnings.
In comparison to BALY, Century Casinos Inc (CNTY) saw a minimal increase of $0.01 or 0.13%, while Everi Holdings Inc (EVRI) had a more substantial gain of $0.31 or 2.13%.
BALY’s next reporting date was scheduled for November 2, 2023. Analysts forecasted an earnings per share (EPS) of $0.14 for the upcoming quarter. The company’s annual revenue for the previous year was $2.3 billion, but it incurred a net loss of -$425.5 million. This resulted in a net profit margin of -18.87%.
Investors should conduct thorough research and analysis before making any investment decisions.
BALY Stock: Mixed Performance on August 4, 2023, Analysts Remain Optimistic with Hold Recommendation
BALY stock had a mixed performance on August 4, 2023. The 12-month price forecasts from 8 analysts for Bally’s Corp had a median target of 18.50, with a high estimate of 35.00 and a low estimate of 15.00. This indicates optimism about the stock’s future performance, with a median estimate representing a +21.39% increase from the last price of 15.24.
The current consensus among 9 polled investment analysts is to hold stock in Bally’s Corp. This rating has remained unchanged since November.
Bally’s Corp reported earnings per share of $0.14 for the current quarter and sales of $657.2 million.
Overall, while analysts have positive expectations for Bally’s Corp’s stock, the current consensus is to hold the stock. Investors may want to consider the analysts’ price forecasts and the company’s financial performance when making decisions regarding BALY stock.