At the time of writing, Boyd Gaming Corp. [BYD] stock is trading at $55.10, up 1.32%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BYD shares have gain 2.57% over the last week, with a monthly amount glided 3.94%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Boyd Gaming Corp. [NYSE: BYD] stock has seen the most recent analyst activity on May 21, 2024, when Raymond James initiated its Outperform rating and assigned the stock a price target of $67. Previously, Argus downgraded its rating to Hold on May 01, 2024. On April 26, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $67 on the stock. Deutsche Bank downgraded its rating to a Hold and decreased its price target to $71 on April 26, 2024. Mizuho initiated its recommendation with a Buy and recommended $80 as its price target on March 26, 2024. Susquehanna downgraded its rating to Neutral for this stock on February 12, 2024, and downed its price target to $75. In a note dated January 05, 2024, Stifel downgraded an Hold rating on this stock.
For the past year, the stock price of Boyd Gaming Corp. fluctuated between $49.34 and $73.00. Currently, Wall Street analysts expect the stock to reach $72.71 within the next 12 months. Boyd Gaming Corp. [NYSE: BYD] shares were valued at $55.10 at the most recent close of the market. An investor can expect a potential return of 31.96% based on the average BYD price forecast.
Analyzing the BYD fundamentals
According to Boyd Gaming Corp. [NYSE:BYD], the company’s sales were 3.74B for trailing twelve months, which represents an -0.36% plunge. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.32 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.69.
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 54.47 points at the first support level, and at 53.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.47, and for the 2nd resistance point, it is at 55.84.
Ratios To Look Out For
It is important to note that Boyd Gaming Corp. [NYSE:BYD] has a current ratio of 0.80. Also, the Quick Ratio is 0.77, while the Cash Ratio stands at 0.48. Considering the valuation of this stock, the price to sales ratio is 1.40, the price to book ratio is 3.00 and price to earnings (TTM) ratio is 9.91.
Transactions by insiders
Recent insider trading involved SPADAFOR CHRISTINE J., Director, that happened on May 22 ’24 when 1874.0 shares were sold. 10% Owner, BOYD WILLIAM S completed a deal on Mar 14 ’24 to sell 32703.0 shares. Meanwhile, 10% Owner BOYD WILLIAM S sold 63464.0 shares on Mar 13 ’24.
