In yesterday’s Wall Street session, Caesars Entertainment Inc (NASDAQ:CZR) shares traded at $35.51, down -0.31% from the previous session.
CZR stock price is now -6.78% away from the 50-day moving average and -18.55% away from the 200-day moving average. The market capitalization of the company currently stands at $7.69B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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, Biumi Bonnie, Director bought 1,000 shares of the company’s stock on May 31 ’24. The stock was bought for $32,455 at an average price of $32.45. Upon completion of the transaction, the Director now directly owns 24,228 shares in the company, valued at $0.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 31 ’24, Director FAHRENKOPF FRANK J JR sold 10,000 shares of the business’s stock. A total of $325,207 was realized by selling the stock at an average price of $32.52. This leaves the insider owning 350 shares of the company worth $12428.5. A total of 4.73% of the company’s stock is owned by insiders.
During the past 12 months, Caesars Entertainment Inc has had a low of $31.74 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 $37.976 and a two-hundred day moving average price translates $43.5129 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.
