Ballys Corporation [BALY] stock is trading at $13.64, up 28.44%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BALY shares have gain 33.59% over the last week, with a monthly amount glided 22.00%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Ballys Corporation [NYSE: BALY] stock has seen the most recent analyst activity on January 17, 2024, when Macquarie downgraded its rating to a Neutral. Previously, Wells Fargo downgraded its rating to Underweight on January 05, 2024, and kept the price target unchanged to $10. On November 02, 2022, downgrade downgraded it’s rating to Hold and revised its price target to $25 on the stock. Deutsche Bank started tracking the stock assigning a Hold rating and suggested a price target of $23 on October 06, 2022. Barclays initiated its recommendation with a Equal Weight and recommended $21 as its price target on June 29, 2022. In a note dated March 03, 2022, KeyBanc Capital Markets downgraded an Sector Weight rating on this stock.
Ballys Corporation [BALY] stock has fluctuated between $7.28 and $19.78 over the past year. Currently, Wall Street analysts expect the stock to reach $30.5 within the next 12 months. Ballys Corporation [NYSE: BALY] shares were valued at $13.64 at the most recent close of the market. An investor can expect a potential return of 123.61% based on the average BALY price forecast.
Analyzing the BALY fundamentals
Ballys Corporation [NYSE:BALY] reported sales of 2.45B for the trailing twelve months, which represents a growth of 6.07%. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at -0.05%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.18 and Total Capital is -0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of5.42.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.54 points at the first support level, and at 9.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.74, and for the 2nd resistance point, it is at 15.85.
Ratios To Look Out For
For context, Ballys Corporation’s Current Ratio is 0.65. As well, the Quick Ratio is 0.64, while the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 0.25, the price to book ratio is 0.69.
Transactions by insiders
Recent insider trading involved ROLLINS JEFFREY W, Director, that happened on Nov 09 ’23 when 5000.0 shares were purchased. Director, PATEL JAYMIN B completed a deal on Nov 06 ’23 to buy 10000.0 shares. Meanwhile, Director Downey Terrence bought 5800.0 shares on Nov 06 ’23.
