Last Updated: 16 Sep 2024
Executive Summary
Bally's Corp (BALY) is a gaming and hospitality company with a market capitalization of $703.34 million. The company has been facing challenges in recent quarters, with a negative EPS of -$11.18 and a profit margin of -0.231. However, the company's quarterly earnings growth YOY of 107% and revenue growth YOY of 0.025% indicate that there may be some improvement in the company's financial performance. The latest stock price is $17.31, which is close to the analyst target price of $17.32.
Company Overview
Bally's Corp owns and operates racing and gaming facilities in the United States. The company's properties include casinos, racetracks, and sports betting facilities. Bally's Corp is headquartered in Providence, Rhode Island.
Fundamental Analysis
Bally's Corp's financial performance has been mixed in recent quarters. The company's revenue has grown slightly, but its earnings have declined. The company's profit margin is negative, which indicates that it is not profitable. Bally's Corp's balance sheet is also weak, with high levels of debt and low levels of equity.
Technical Analysis
Bally's Corp's stock price has been trending down in recent months. The stock is currently trading below its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is also below 50, which indicates that the stock is oversold.
Short Term Outlook
Bally's Corp's stock price is likely to continue to trend down in the short term. The company's financial performance is weak, and the stock's technical indicators are bearish.
Long Term Outlook
Bally's Corp's long-term outlook is uncertain. The company's financial performance has been mixed, and the stock's technical indicators are bearish. However, the company's recent earnings growth is a positive sign.
Analyst Recommendations
Analysts are mixed on Bally's Corp. Nine analysts have a hold rating on the stock, while none have a strong buy, buy, sell, or strong sell rating. The average analyst target price is $17.32.
