At the time of writing, Ballys Corporation [BALY] stock is trading at $11.17, up 0.45%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BALY shares have gain 12.15% over the last week, with a monthly amount glided 26.93%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Ballys Corporation [NYSE: BALY] stock has seen the most recent analyst activity on January 17, 2024, when Macquarie downgraded its rating to a Neutral. Previously, Wells Fargo downgraded its rating to Underweight on January 05, 2024, and kept the price target unchanged to $10. On November 02, 2022, downgrade downgraded it’s rating to Hold and revised its price target to $25 on the stock. Deutsche Bank started tracking the stock assigning a Hold rating and suggested a price target of $23 on October 06, 2022. Barclays initiated its recommendation with a Equal Weight and recommended $21 as its price target on June 29, 2022. In a note dated March 03, 2022, KeyBanc Capital Markets downgraded an Sector Weight rating on this stock.
For the past year, the stock price of Ballys Corporation fluctuated between $8.45 and $23.20. Currently, Wall Street analysts expect the stock to reach $14 within the next 12 months. Ballys Corporation [NYSE: BALY] shares were valued at $11.17 at the most recent close of the market. An investor can expect a potential return of 25.34% based on the average BALY price forecast.
Analyzing the BALY fundamentals
According to Ballys Corporation [NYSE:BALY], the company’s sales were 2.42B for trailing twelve months, which represents an -4.74% plunge. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at -0.1%, Pretax Profit Margin comes in at -0.23%, and Net Profit Margin reading is -0.23%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -1.56 and Total Capital is -0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.53.
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 10.86 points at the first support level, and at 10.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.44, and for the 2nd resistance point, it is at 11.71.
Ratios To Look Out For
It is important to note that Ballys Corporation [NYSE:BALY] has a current ratio of 0.75. As well, the Quick Ratio is 0.72, while the Cash Ratio is 0.27. Considering the valuation of this stock, the price to sales ratio is 0.23, the price to book ratio is 0.69.
