35.5 F
New York
Thursday, January 28, 2021

Is Now the Time to Invest in Boyd Gaming Corporation (NYSE:BYD)?

Must read

Alpine 4 Technologies Ltd (OTCMKTS:ALPP) Extends Rally On NASDAQ’s Uplisting Optimism

It is often seen that any plans of uplisting a stock to a larger stock exchange lead to a significant boost to...

Solar Integrated Roofing Corp (OTCMKTS:SIRC) Stock is on a Tear. Buy, Sell, or Hold?

Solar power has grown in popularity in recent years owing to a definite shift towards clean energy. Solar Integrated Roofing Corp (OTCMKTS:SIRC)...

Critical Update: HUMBLE; Tesoro Enterprises, Inc. (OTCMKTS:TSNP)

Over the course of the past week, the rally in Tesoro Enterprises, Inc. (OTCMKTS:TSNP) has been one of the most eye-catching ones...

American Battery Metals Corp (OTCMKTS:ABML) Hits New High On Critical Milestones

The lithium-ion battery sector has been in focus in the markets for quite some time now, and the latest company to have...

The Boyd Gaming Corporation (BYD) shares are trading at lower $24.81 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $26.64.

To add more color to this target, the company’s high over the last year is $36.22 and the low is $6.44. Over the last 52 weeks, BYD is down -31.50% while the S&P 500 is up 0.62%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, BYD reported a profit of $307.55 million. Boyd Gaming Corporation also saw revenues increase to $680.52 million. In addition, BYD has free cash flow of -$24.45 million as of 03-2020. The company’s EBITDA came in at -$68.63 million which compares well with its peers.

BYD booked profit margins of 6.20%, its Return on Equity (ROE) is 13.00%, and its Return on Assets is 2.30%. All told, it is clear that, BYD needs to be on your watchlist.

Find out when BYD reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. BYD has a short ratio of 3.00 and outstanding shares of 113.71M.

Company Outlook

BYD has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.45 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.70. Boyd Gaming Corporation BYD also noted assets of $7.02 billion at the end of the last quarter. Investors should also keep an eye on sector updates as BYD has historically followed its peers on positive news.

All told, Boyd Gaming Corporation BYD has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BYD represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Boyd Gaming Corporation BYD is now commanding a market cap of 2.84B and a float of 80.19M. BYD is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of BYD stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in BYD, either long or short, and we have not been compensated for this article.

Latest article

Bombardier, Inc. (OTCMKTS:BDRBF) Uptrend at Risk: In Focus

British company Bombardier, Inc. (OTCMKTS:BDRBF) came into sharp focus among investors last week after a significant development. Major Triggers

American Battery Metals Corp (OTCMKTS:ABML) Points up on Surge of Momentum

One of the stocks to have seen a lot of action last week was that of American Battery Metals Corp (OTCMKTS:ABML) and...

Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) Attempts To Rebound On Bullish Note

While the remarkable rally in Bitcoin has led to breathless speculation about its long term price, the recent rally in Grayscale Ethereum...

Sunhydrogen Inc (OTCMKTS:HYSR) Continues to Trend Higher on High Demand

One of the sectors to have come into significant focus among investors in recent times is the hydrogen...

Artificial Intelligence Technology Solutions (OTCMKTS: AITX) Moves Up Quickly On Solid Volume

The artificial intelligence industry has grown at a remarkable pace over the past half a decade or so and over the coming...