Monarch Casino & Resort, Inc. [MCRI] stock prices are up 1.66% to $66.60 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MCRI shares have gain 1.80% over the last week, with a monthly amount drifted -1.73%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Monarch Casino & Resort, Inc. [NASDAQ: MCRI] stock has seen the most recent analyst activity on January 05, 2024, when Stifel downgraded its rating to a Hold. Previously, Truist downgraded its rating to Hold on October 19, 2023, and dropped its price target to $65. On January 18, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $81 on the stock. Stifel upgraded its rating to a Buy and increased its price target to $77 on October 20, 2022. Stifel downgraded its rating to a Hold but $96 remained the price target by the analyst firm on April 21, 2022. Jefferies downgraded its rating to Hold for this stock on April 21, 2022, and upped its price target to $90.
The stock price of Monarch Casino & Resort, Inc. [MCRI] has been fluctuating between $56.25 and $75.40 over the past year. Currently, Wall Street analysts expect the stock to reach $84 within the next 12 months. Monarch Casino & Resort, Inc. [NASDAQ: MCRI] shares were valued at $66.60 at the most recent close of the market. An investor can expect a potential return of 26.13% based on the average MCRI price forecast.
Analyzing the MCRI fundamentals
The Monarch Casino & Resort, Inc. [NASDAQ:MCRI] reported sales of 506.49M for trailing twelve months, representing a surge of 4.30%. Gross Profit Margin for this corporation currently stands at 0.49% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.17 and Total Capital is 0.21. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.04.
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 65.91 points at the first support level, and at 65.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 66.96, and for the 2nd resistance point, it is at 67.31.
Ratios To Look Out For
It’s worth pointing out that Monarch Casino & Resort, Inc. [NASDAQ:MCRI]’s Current Ratio is 0.51. In addition, the Quick Ratio stands at 0.45 and the Cash Ratio stands at 0.3. Considering the valuation of this stock, the price to sales ratio is 2.46, the price to book ratio is 2.46 and price to earnings (TTM) ratio is 15.73.
Transactions by insiders
Recent insider trading involved FARAHI JOHN, CEO, that happened on Dec 26 ’23 when 1000.0 shares were sold. CEO, FARAHI JOHN completed a deal on Dec 15 ’23 to sell 2000.0 shares. Meanwhile, President FARAHI BOB sold 24704.0 shares on Sep 14 ’23.
