The stock of Full House Resorts, Inc. (NASDAQ:FLL) is now priced at $1.98 and the shares are 0.3 points up or 17.86% higher compared to its previous closing price of $1.68. The stock had 1.221 million contracts set over the past session. FLL shares’ daily volume is compared to its average trading volume at 282217 shares. However, it has a float of 24.37 million and although its performance was 42.45% over the week, it’s one to watch. It means the stock’s downside potential is -100% with the FLL share price recently placing at $1.68 to $2.12.
The shorts are climbing into the Full House Resorts, Inc. stock, with the latest data on short interest released on July 15, 2020, showing that short interest numbers in the FLL shares have risen. Short interest in the stock represents just 0.55% of its float, but the volume has raised by 53379. The volume of shorted shares rised to 134619 from 81240 shares over the last two weeks. The average intraday trading volume has been 179548 shares, which means that days to cover moved to roughly 1.
In the last trading session, Full House Resorts, Inc. (NASDAQ:FLL) raised by $0.59 over the week and gained $0.63 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $3.99. The stock recorded its established 52-week high on 11/25/19.
Since 03/18/20, the stock has traded to a low of $0.31 at 538.71%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 1.62. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Full House Resorts, Inc.’s two-week RSI is 72.85. This suggests that the stock is oversold at the moment and that FLL shares’ price movement remains not stable. The stochastic readings are equally revealing at 81.13% meaning the FLL share price is currently in oversold territory.
The technical chart shows that the FLL stock will likely settle at between $2.1733 and $2.3667 per share. However, if the stock dips below $1.7333, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $1.4867.
Currently, the stock is trading in the green of MACD, with a reading of 0.2056. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Macquarie raised their recommendation for FLL from Neutral to Outperform in November 04 review. Telsey Advisory Group analysts see the stock as a Outperform with a target price of $4 in a flash note released to investors on March 14 initiating covering the stock. Singular Research analysts see the stock as Buy when the analysts initiated the share price coverage on February 23, placing it at $3.75.
The average rating for the FLL equity is 2 and is currently gathering a bullish momentum. Of 2 analysts tracking Full House Resorts, Inc. polled by Reuters, 0 rated FLL as a hold. The remaining 2 analysts were split evenly. However, the split wasn’t equal as a majority (2) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
Zacks Consensus Estimate forecasts that the current-quarter revenues for Full House Resorts, Inc. (NASDAQ:FLL) will decrease by about -99.78%, which will see them reach $31.55 million. The company’s full-year revenues are, however, expected to diminish by about -36.41%, down from $165.43 million to $105.19 million. FLL’s expected adjusted earnings should drop almost -300% to end up at -$0.12 per share, while for the fiscal year, analysts project the company’s earnings to grow by about 400% to record -$1.1/share.