Golden Entertainment Inc [GDEN] stock is trading at $32.45, up 5.87%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The GDEN shares have gain 3.38% over the last week, with a monthly amount drifted -7.94%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Truist started tracking the stock with Buy rating on March 15, 2024, and set its price target to $45. On January 09, 2023, downgrade downgraded it’s rating to Hold and revised its price target to $43 on the stock. JMP Securities initiated its recommendation with a Mkt Outperform and recommended $63 as its price target on June 28, 2022. In a note dated October 25, 2021, JP Morgan initiated an Overweight rating and provided a target price of $60 on this stock.
Golden Entertainment Inc [GDEN] stock has fluctuated between $30.35 and $45.19 over the past year. Currently, Wall Street analysts expect the stock to reach $45.5 within the next 12 months. Golden Entertainment Inc [NASDAQ: GDEN] shares were valued at $32.45 at the most recent close of the market. An investor can expect a potential return of 40.22% based on the average GDEN price forecast.
Analyzing the GDEN fundamentals
Golden Entertainment Inc [NASDAQ:GDEN] reported sales of 949.14M for the trailing twelve months, which represents a drop of -37.40%. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at 0.39%, Pretax Profit Margin comes in at 0.32%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is 0.57 and Total Capital is 0.31. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.26.
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 31.09 points at the first support level, and at 29.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.43, and for the 2nd resistance point, it is at 34.41.
Golden Entertainment Inc [GDEN] reported earnings per share of $1.37 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.16/share, meaning a difference of $1.21 and a surprise factor of 756.30%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $0.09 per share as compared to estimates of $0.24 per share, a difference of -$0.15 representing a surprise of -62.50%.
Ratios To Look Out For
For context, Golden Entertainment Inc’s Current Ratio is 2.35. Further, the Quick Ratio stands at 2.30, while the Cash Ratio is 0.9. Considering the valuation of this stock, the price to sales ratio is 0.98, the price to book ratio is 1.73 and price to earnings (TTM) ratio is 3.50.
Transactions by insiders
Recent insider trading involved Protell Charles, President and CFO, that happened on Dec 21 ’23 when 8910.0 shares were sold. President and CFO, Protell Charles completed a deal on Dec 20 ’23 to sell 13557.0 shares. Meanwhile, President and CFO Protell Charles sold 12285.0 shares on Dec 19 ’23.
