Stocks of Caesars Entertainment Inc (NASDAQ:CZR) traded higher last session on Wall Street, down -2.44% to $34.72.
CZR stock price is now -11.51% away from the 50-day moving average and -21.91% away from the 200-day moving average. The market capitalization of the company currently stands at $7.51B.
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With the price target of $55, Raymond James recently initiated with Strong Buy rating for Caesars Entertainment Inc (NASDAQ: CZR). , while ‘JMP Securities’ rates the stock as ‘Mkt Outperform’
In other news, Pegram Michael E, Director bought 40,000 shares of the company’s stock on May 03 ’24. The stock was bought for $1,455,734 at an average price of $36.39. Upon completion of the transaction, the Director now directly owns 181,697 shares in the company, valued at $6.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 06 ’24, Director Pegram Michael E bought 15,000 shares of the business’s stock. A total of $621,750 was incurred on buying the stock at an average price of $41.45. This leaves the insider owning 151,697 shares of the company worth $5.27 million. A total of 4.74% of the company’s stock is owned by insiders.
During the past 12 months, Caesars Entertainment Inc has had a low of $34.58 and a high of $60.27. As of last week, the company has a debt-to-equity ratio of 5.69, a current ratio of 0.69, and a quick ratio of 0.67. The fifty day moving average price for CZR is $39.084 and a two-hundred day moving average price translates $44.35565 for the stock.
The latest earnings results from Caesars Entertainment Inc (NASDAQ: CZR) was released for 2024-03-31. The net profit margin was 6.68% and return on equity was 19.10% for CZR. The company reported revenue of $2.74 billion for the quarter, compared to $2.83 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.11 percent.
