Monday, November 30, 2020

Eldorado Resorts Inc. [ERI] fell -33.17% so far this year. What now?

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Eldorado Resorts Inc. [NASDAQ: ERI] price plunged by -6.28 percent to reach at -$2.67. A sum of 10518469 shares traded at recent session while its average daily volume was at 8.47M shares. Eldorado Resorts Inc. shares reached a high of $42.172 and dropped to a low of $35.81 until finishing in the latest session at $39.86.

The one-year ERI stock forecast points to a potential downside of -2.34. The average equity rating for ERI stock is currently 1.90, trading closer to a bullish pattern in the stock market.


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Guru’s Opinion on Eldorado Resorts Inc. [ERI]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ERI shares is $38.95 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ERI stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for Eldorado Resorts Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on November 19, 2019. While these analysts kept the previous recommendation, Susquehanna raised their target price to Neutral. The new note on the price target was released on July 24, 2019, representing the official price target for Eldorado Resorts Inc. stock.

The Average True Range (ATR) for Eldorado Resorts Inc. is set at 3.42, with the Price to Sales ratio for ERI stock in the period of the last 12 months amounting to 1.29. The Price to Book ratio for the last quarter was 3.31, with the Price to Cash per share for the same quarter was set at 9.21. Price to Free Cash Flow for ERI in the course of the last twelve months was 24.95 with Quick ratio for the last quarter at 1.60.

ERI Stock Performance Analysis:

Eldorado Resorts Inc. [ERI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.52. With this latest performance, ERI shares gained by 93.31% in over the last four-week period, additionally sinking by -24.68% over the last 6 months – not to mention a drop of -23.61% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ERI stock in for the last two-week period is set at 66.31, with the RSI for the last a single of trading hit 62.05, and the three-weeks RSI is set at 63.72 for Eldorado Resorts Inc. [ERI]. The present Moving Average for the last 50 days of trading for this stock 24.08, while it was recorded at 42.78 for the last single week of trading, and 41.35 for the last 200 days.

Insight into Eldorado Resorts Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Eldorado Resorts Inc. [ERI] shares currently have an operating margin of +17.74 and a Gross Margin at +44.32. Eldorado Resorts Inc.’s Net Margin is presently recorded at +3.20.

Return on Total Capital for ERI is now 8.87, given the latest momentum, and Return on Invested Capital for the company is 1.65. Return on Equity for this stock inclined to 7.55, with Return on Assets sitting at 1.40. When it comes to the capital structure of this company, Eldorado Resorts Inc. [ERI] has a Total Debt to Total Equity ratio set at 334.58. Additionally, ERI Total Debt to Total Capital is recorded at 76.99, with Total Debt to Total Assets ending up at 66.27. Long-Term Debt to Equity for the company is recorded at 310.76, with the Long-Term Debt to Total Capital now at 71.51.

Reflecting on the efficiency of the workforce at the company, Eldorado Resorts Inc. [ERI] managed to generate an average of $5,226 per employee. Receivables Turnover for the company is 37.75 with a Total Asset Turnover recorded at a value of 0.44.Eldorado Resorts Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.60.

ERI Stock EPS

With the latest financial reports released by the company, Eldorado Resorts Inc. posted 0.24/share EPS, while the average EPS was predicted by analysts to be reported at 0.52/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -53.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ERI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Eldorado Resorts Inc. go to 27.50%.

Eldorado Resorts Inc. [ERI] Insider Position Details

There are presently around $3,425 million, in the hands of institutional investors. The top three institutional holders of ERI stocks are: FMR LLC with ownership of 10,494,649, which is approximately 0.034% of the company’s market cap and around 12.30% of the total institutional ownership; BLACKROCK INC., holding 7,437,534 shares of the stock with an approximate value of $316.32 million in ERI stocks shares; and VANGUARD GROUP INC, currently with $254.46 million in ERI stock with ownership of nearly 1.459% of the company’s market capitalization.

Positions in Eldorado Resorts Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 141 institutional holders increased their position in Eldorado Resorts Inc. [NASDAQ:ERI] by around 15,751,929 shares. Additionally, 143 investors decreased positions by around 17,592,322 shares, while 18 investors held positions by with 47,191,549 shares. The mentioned changes placed institutional holdings at 80,535,800 shares, according to the latest SEC report filing. ERI stock had 56 new institutional investments in for a total of 6,604,388 shares, while 80 institutional investors sold positions of 8,169,991 shares during the same period.

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