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Saturday, December 9, 2023

Is Caesars Entertainment Inc (NASDAQ: CZR) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Caesars Entertainment Inc (CZR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.31, or 0.68%, to $45.81. The Caesars Entertainment Inc has recorded 66,648 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Rockpoint to Develop Trophy Infill Industrial Site in Broward County Along With The Cordish Companies and Caesars Entertainment.

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Stocks Info

Caesars Entertainment Inc is listed on the NASDAQ in the Consumer Cyclical sector while operating in the Resorts & Casinos industry. At the end of the last regular session, the stock closed at $45.50 and fluctuated between $45.73 as its day high and $43.80 as its day low. The current market capitalization of Caesars Entertainment Inc is $9.81B. A total of 3.13 million shares were traded on the day, compared to an average of 2.77M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, CZR has seen 15 BUY and 15 SELL insider trades, representing the acquisition of 329,426 and the disposition of 162,601 shares. Over the last 12 months, there were 52 BUYs and 41 SELLs from insiders. Insiders purchased 739,232 shares during that period but sold 283,095.

In the most recent transaction, Pegram Michael E bought 15,000 shares of CZR for 41.90 per share on Nov 10. After the transaction, the Director now owns 136,697 company shares. In a previous transaction on Aug 25, Lepori Stephanie sold 33,282 shares at 51.70 per share. CZR shares that CAO & Chief Admin. Officer owns now total 41,910.

Among the insiders who bought shares, Reeg Thomas acquired of 7,500 shares on Jun 14 at a per-share price of $49.43. This resulted in the Chief Executive Officer holding 17,500 shares of CZR after the transaction. In another insider transaction, Pegram Michael E bought 25,000 shares at $45.02 per share on May 05. Company shares held by the Director now total 121,697.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for CZR in the last 3 months, the mean price target is $63.62 with high estimates of $78.00 and low estimates of $48.00. In terms of 52-week highs and lows, CZR has a high of $60.27 and a low of $38.33.

As of this writing, CZR has an earnings estimate of $0.28 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.55 per share and a lower estimate of $0.15. The company reported an EPS of $4.26 in the last quarter, which was 1,190.90% higher than expectations of $0.33.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. CZR’s latest balance sheet shows that the firm has $1.07B in Cash & Short Term Investments as of fiscal 2021. There were $26.27B in debt and $5.30B in liabilities at the time. Its Book Value Per Share was $21.34, while its Total Shareholder’s Equity was $4.54B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CZR is Buy with a score of 4.33.

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