Red Rock Resorts Inc [RRR] stock prices are up 1.02% to $50.40 at the moment. 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 1.08% over the last week, with a monthly amount drifted -3.69%, 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 November 25, 2024, when Mizuho downgraded its rating to a Neutral and also revised its price target to $44 from $57. Previously, Wells Fargo downgraded its rating to Equal Weight on July 24, 2024, and elevated its price target to $64. On May 13, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $55 on the stock. Mizuho started tracking the stock assigning a Buy rating and suggested a price target of $69 on March 26, 2024. Barclays initiated its recommendation with a Overweight and recommended $60 as its price target on January 18, 2024. Macquarie upgraded its rating to Outperform for this stock on January 17, 2024. In a note dated January 09, 2024, Morgan Stanley downgraded an Equal-Weight rating on this stock and revised its target price from $49 to $48.
The stock price of Red Rock Resorts Inc [RRR] has been fluctuating between $42.63 and $63.28 over the past year. Currently, Wall Street analysts expect the stock to reach $58 within the next 12 months. Red Rock Resorts Inc [NASDAQ: RRR] shares were valued at $50.40 at the most recent close of the market. An investor can expect a potential return of 15.08% based on the average RRR price forecast.
Analyzing the RRR fundamentals
The Red Rock Resorts Inc [NASDAQ:RRR] reported sales of 1.91B for trailing twelve months, representing a surge of 13.70%. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at 0.32%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 1.33 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 19.6.
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 49.76 points at the first support level, and at 49.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 51.10, and for the 2nd resistance point, it is at 51.79.
Ratios To Look Out For
It’s worth pointing out that Red Rock Resorts Inc [NASDAQ:RRR]’s Current Ratio is 1.02. Also, the Quick Ratio is 0.96, while the Cash Ratio stands at 0.45. Considering the valuation of this stock, the price to sales ratio is 2.79, the price to book ratio is 17.12 and price to earnings (TTM) ratio is 21.87.
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.
