Red Rock Resorts Inc [RRR] stock is trading at $60.71, up 2.90%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The RRR shares have lost -0.87% over the last week, with a monthly amount glided 14.98%, 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 May 13, 2024, when BofA Securities upgraded its rating to a Neutral and also revised its price target to $55 from $57. Previously, Mizuho started tracking the stock with Buy rating on March 26, 2024, and set its price target to $69. On January 18, 2024, Barclays initiated with a Overweight rating and assigned a price target of $60 on the stock. Macquarie upgraded its rating to a Outperform. Morgan Stanley downgraded its rating to a Equal-Weight and reduced its price target to $48 on January 09, 2024. Susquehanna started tracking with a Positive rating for this stock on September 11, 2023, and assigned it a price target of $52. In a note dated January 11, 2023, Truist downgraded an Hold rating on this stock and revised its target price from $46 to $45.
Red Rock Resorts Inc [RRR] stock has fluctuated between $37.17 and $63.28 over the past year. Currently, Wall Street analysts expect the stock to reach $59 within the next 12 months. Red Rock Resorts Inc [NASDAQ: RRR] shares were valued at $60.71 at the most recent close of the market. An investor can expect a potential drop of -2.82% based on the average RRR price forecast.
Analyzing the RRR fundamentals
Red Rock Resorts Inc [NASDAQ:RRR] reported sales of 1.78B for the trailing twelve months, which represents a growth of 12.74%. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at 0.32%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 1.69 and Total Capital is 0.16. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 25.53.
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 58.83 points at the first support level, and at 56.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 61.83, and for the 2nd resistance point, it is at 62.96.
Ratios To Look Out For
For context, Red Rock Resorts Inc’s Current Ratio is 0.90. Also, the Quick Ratio is 0.85, while the Cash Ratio stands at 0.42. Considering the valuation of this stock, the price to sales ratio is 2.03, the price to book ratio is 26.76 and price to earnings (TTM) ratio is 24.49.
Transactions by insiders
Recent insider trading involved FERTITTA LORENZO J, Vice President, that happened on May 13 ’24 when 0.8 million shares were purchased. Chief Executive Officer, FERTITTA FRANK J III completed a deal on May 13 ’24 to sell 0.8 million shares. Meanwhile, EVP & Chief Financial Officer Cootey Stephen Lawrence sold 7520.0 shares on Feb 23 ’24.
