A share price of Red Rock Resorts Inc [RRR] is currently trading at $54.17, up 2.98%. 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 gain 4.01% over the last week, with a monthly amount drifted -0.97%, and not 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 July 24, 2024, when Wells Fargo downgraded its rating to a Equal Weight and also boosted its price target to $64 from $63. Previously, BofA Securities upgraded its rating to Neutral on May 13, 2024, and dropped its price target to $55. On March 26, 2024, Mizuho initiated with a Buy rating and assigned a price target of $69 on the stock. Barclays started tracking the stock assigning a Overweight rating and suggested a price target of $60 on January 18, 2024. Macquarie upgraded its rating to a Outperform. Morgan Stanley downgraded its rating to Equal-Weight for this stock on January 09, 2024, and downed its price target to $48. In a note dated September 11, 2023, Susquehanna initiated an Positive rating and provided a target price of $52 on this stock.
Red Rock Resorts Inc experienced fluctuations in its stock price throughout the past year between $37.17 and $63.28. Currently, Wall Street analysts expect the stock to reach $62.29 within the next 12 months. Red Rock Resorts Inc [NASDAQ: RRR] shares were valued at $54.17 at the most recent close of the market. An investor can expect a potential return of 14.99% based on the average RRR price forecast.
Analyzing the RRR fundamentals
Trailing Twelve Months sales for Red Rock Resorts Inc [NASDAQ:RRR] were 1.85B which represents 16.89% growth. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.32%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 1.49 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 21.68.
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 53.25 points at the first support level, and at 52.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 54.66, and for the 2nd resistance point, it is at 55.15.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Red Rock Resorts Inc [NASDAQ:RRR] is 0.94. Also, the Quick Ratio is 0.89, while the Cash Ratio stands at 0.45. Considering the valuation of this stock, the price to sales ratio is 1.75, the price to book ratio is 20.29 and price to earnings (TTM) ratio is 22.38.
Transactions by insiders
Recent insider trading involved FERTITTA LORENZO J, Vice President, that happened on Aug 06 ’24 when 33000.0 shares were purchased. Vice President, FERTITTA LORENZO J completed a deal on Aug 05 ’24 to buy 33000.0 shares. Meanwhile, Chief Executive Officer FERTITTA FRANK J III bought 67000.0 shares on Aug 06 ’24.
