Monarch Casino & Resort, Inc [MCRI] stock is trading at $94.47, up 0.33%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MCRI shares have gain 9.96% over the last week, with a monthly amount glided 13.27%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Monarch Casino & Resort, Inc [NASDAQ: MCRI] stock has seen the most recent analyst activity on January 14, 2025, when Truist upgraded its rating to a Buy and also boosted its price target to $100 from $82. Previously, Wells Fargo started tracking the stock with Underweight rating on December 16, 2024, and set its price target to $79. On January 05, 2024, downgrade downgraded it’s rating to Hold. Truist downgraded its rating to a Hold and decreased its price target to $65 on October 19, 2023. Macquarie downgraded its rating to a Neutral and reduced its price target to $81 on January 18, 2023. Stifel upgraded its rating to Buy for this stock on October 20, 2022, and upped its price target to $77. In a note dated April 21, 2022, Stifel downgraded an Hold rating on this stock but restated the target price of $96.
Monarch Casino & Resort, Inc [MCRI] stock has fluctuated between $64.50 and $96.11 over the past year. Currently, Wall Street analysts expect the stock to reach $84 within the next 12 months. Monarch Casino & Resort, Inc [NASDAQ: MCRI] shares were valued at $94.47 at the most recent close of the market. An investor can expect a potential drop of -11.08% based on the average MCRI price forecast.
Analyzing the MCRI fundamentals
Monarch Casino & Resort, Inc [NASDAQ:MCRI] reported sales of 522.19M for the trailing twelve months, which represents a growth of 4.94%. Gross Profit Margin for this corporation currently stands at 0.61% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.18 and Total Capital is 0.21. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.
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 93.24 points at the first support level, and at 92.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 95.47, and for the 2nd resistance point, it is at 96.47.
Ratios To Look Out For
For context, Monarch Casino & Resort, Inc’s Current Ratio is 0.76. As well, the Quick Ratio is 0.68, while the Cash Ratio is 0.49. Considering the valuation of this stock, the price to sales ratio is 3.33, the price to book ratio is 3.23 and price to earnings (TTM) ratio is 19.08.
Transactions by insiders
Recent insider trading involved FARAHI JOHN, CEO, that happened on Oct 15 ’24 when 2000.0 shares were sold. CEO, FARAHI JOHN completed a deal on Jan 03 ’25 to sell 1000.0 shares. Meanwhile, Officer FARAHI JOHN bought 1000.0 shares on Jan 03 ’25.
