Caesars Entertainment Inc (NASDAQ:CZR) shares traded -2.81% lower at $33.25 on Wall Street last session.
CZR stock price is now -9.33% away from the 50-day moving average and -19.51% away from the 200-day moving average. The market capitalization of the company currently stands at $7.20B.
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With the price target maintained at $33, Susquehanna recently Downgraded its rating from Neutral to Negative for Caesars Entertainment Inc (NASDAQ: CZR). On May 21, 2024, Raymond James recently initiated its ‘Strong Buy’ rating on the stock quoting a target price of $55, while ‘B. Riley Securities’ rates the stock as ‘Buy’
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 $0.81 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 $11637.5. 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 $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 $36.6122 and a two-hundred day moving average price translates $41.25095 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.
