Boyd Gaming Corp. [BYD] stock is trading at $58.51, down -0.51%. 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 BYD shares have gain 3.91% over the last week, with a monthly amount drifted -1.85%, and not 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.
Boyd Gaming Corp. [BYD] stock has fluctuated between $49.34 and $68.46 over the past year. Currently, Wall Street analysts expect the stock to reach $72.43 within the next 12 months. Boyd Gaming Corp. [NYSE: BYD] shares were valued at $58.51 at the most recent close of the market. An investor can expect a potential return of 23.79% based on the average BYD price forecast.
Analyzing the BYD fundamentals
Boyd Gaming Corp. [NYSE:BYD] reported sales of 3.79B for the trailing twelve months, which represents a growth of 5.51%. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.29 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 1.79.
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 58.17 points at the first support level, and at 57.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 59.08, and for the 2nd resistance point, it is at 59.66.
Ratios To Look Out For
For context, Boyd Gaming Corp.’s Current Ratio is 0.83. Further, the Quick Ratio stands at 0.79, while the Cash Ratio is 0.48. Considering the valuation of this stock, the price to sales ratio is 1.42, the price to book ratio is 3.16 and price to earnings (TTM) ratio is 11.37.
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 13 ’24 to sell 63464.0 shares. Meanwhile, 10% Owner BOYD WILLIAM S sold 32703.0 shares on Mar 14 ’24.
