At the time of writing, Red Rock Resorts Inc [RRR] stock is trading at $59.80, down -0.27%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The RRR shares have lost -3.35% over the last week, with a monthly amount glided 8.69%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Red Rock Resorts Inc [NASDAQ: RRR] stock has seen the most recent analyst activity on March 26, 2024, when Mizuho initiated its Buy rating and assigned the stock a price target of $69. Previously, Barclays started tracking the stock with Overweight rating on January 18, 2024, and set its price target to $60. On January 17, 2024, upgrade upgraded it’s rating to Outperform. Morgan Stanley downgraded its rating to a Equal-Weight and decreased its price target to $48 on January 09, 2024. Susquehanna initiated its recommendation with a Positive and recommended $52 as its price target on September 11, 2023. Truist downgraded its rating to Hold for this stock on January 11, 2023, and downed its price target to $45. In a note dated November 21, 2022, Morgan Stanley initiated an Overweight rating and provided a target price of $52 on this stock.
For the past year, the stock price of Red Rock Resorts Inc fluctuated between $37.17 and $63.28. Currently, Wall Street analysts expect the stock to reach $55 within the next 12 months. Red Rock Resorts Inc [NASDAQ: RRR] shares were valued at $59.80 at the most recent close of the market. An investor can expect a potential drop of -8.03% based on the average RRR price forecast.
Analyzing the RRR fundamentals
According to Red Rock Resorts Inc [NASDAQ:RRR], the company’s sales were 1.72B for trailing twelve months, which represents an 8.75% jump. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at 0.32%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 1.86 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of20.33.
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 58.60 points at the first support level, and at 57.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 60.68, and for the 2nd resistance point, it is at 61.57.
Ratios To Look Out For
It is important to note that Red Rock Resorts Inc [NASDAQ:RRR] has a current ratio of 0.81. As well, the Quick Ratio is 0.76, while the Cash Ratio is 0.39. Considering the valuation of this stock, the price to sales ratio is 2.05, the price to book ratio is 20.85 and price to earnings (TTM) ratio is 23.54.
Transactions by insiders
Recent insider trading involved Cootey Stephen Lawrence, EVP & Chief Financial Officer, that happened on Feb 23 ’24 when 7520.0 shares were sold.
