Is Monarch Casino & Resort, Inc. (NASDAQ: MCRI) The Best Stock To Invest In?

After Hours

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Stocks Info

Monarch Casino & Resort, Inc. is listed on the NASDAQ in the Consumer Cyclical sector while operating in the Resorts & Casinos industry. The current market capitalization of Monarch Casino & Resort, Inc. is $1.40B. A total of 75568.0 shares were traded on the day, compared to an average of 131.53K shares.

In the most recent transaction, Andrews Paul bought 3,100 shares of MCRI for 78.75 per share on Jul 30 ’24. In a previous transaction on Jun 21 ’24, FARAHI JOHN sold 2,000 shares at 68.00 per share. MCRI shares that CEO owns now total 525,310.

Among the insiders who sold shares, FARAHI JOHN disposed of 2,000 shares on Dec 15 ’23 at a per-share price of $68.51. This resulted in the CEO holding 566,297 shares of MCRI after the transaction. In another insider transaction, FARAHI JOHN sold 1,000 shares at $69.00 per share on Dec 26 ’23. Company shares held by the CEO now total 565,297.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Monarch Casino & Resort, Inc. pays an annual dividend of $1.50, resulting in a dividend yield of 1.98%, and it has a price to earnings (P/E) ratio of 17.74. MCRI’s most recent ex-dividend date was 8/30/2024 when it declared a $0.30 quarterly dividend that was paid in cash on 9/15/2024. Previously, the company paid the dividend on 6/15/2024 with an ex-dividend date of 5/31/2024. The MCRI stock dividend was $0.30 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, MCRI has a high of $80.22 and a low of $56.25.

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. MCRI’s latest balance sheet shows that the firm has $33.53M in Cash & Short Term Investments as of fiscal 2021. There were $102.39M in debt and $141.18M in liabilities at the time. Its Book Value Per Share was $27.07, while its Total Shareholder’s Equity was $448.01M.

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 MCRI is Buy with a score of 3.00.

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