Caesars Entertainment Inc [CZR] is -4.11% lower this YTD. Is it still time to buy?

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Caesars Entertainment Inc [NASDAQ: CZR] loss -0.50% or -0.2 points to close at $39.89 with a heavy trading volume of 4888234 shares. The company report on October 31, 2023 at 4:01 PM that Caesars Entertainment, Inc. Reports Third Quarter 2023 Results.

Caesars Entertainment, Inc., (NASDAQ: CZR) (“Caesars,” “CZR,” “CEI” or “the Company”) today reported operating results for the third quarter ended September 30, 2023.

It opened the trading session at $40.07, the shares rose to $40.54 and dropped to $39.62, the range by which the price of stock traded the whole day. The daily chart for CZR points out that the company has recorded -10.52% loss over the past six months. However, it is still -4.07% lower than its most recent low trading price.

If we look at the average trading volume of 2.59M shares, CZR reached to a volume of 4888234 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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Here is what top equities market gurus are saying about Caesars Entertainment Inc [CZR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CZR shares is $67.14 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CZR stock is a recommendation set at 1.81. 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.

CapitalOne have made an estimate for Caesars Entertainment Inc shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on October 12, 2023.

The Average True Range (ATR) for Caesars Entertainment Inc is set at 1.76, with the Price to Sales ratio for CZR stock in the period of the last 12 months amounting to 0.75. The Price to Book ratio for the last quarter was 1.89, with the Price to Cash per share for the same quarter was set at 5.80. Price to Free Cash Flow for CZR in the course of the last twelve months was 11.07 with Quick ratio for the last quarter at 0.76.

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Trading performance analysis for CZR stock

Caesars Entertainment Inc [CZR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.25. With this latest performance, CZR shares dropped by -14.87% in over the last four-week period, additionally sinking by -10.52% over the last 6 months – not to mention a drop of -9.55% 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 CZR stock in for the last two-week period is set at 34.52, with the RSI for the last a single of trading hit 35.35, and the three-weeks RSI is set at 35.33 for Caesars Entertainment Inc [CZR]. The present Moving Average for the last 50 days of trading for this stock 47.54, while it was recorded at 39.28 for the last single week of trading, and 48.69 for the last 200 days.

Caesars Entertainment Inc [CZR]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Caesars Entertainment Inc [CZR] shares currently have an operating margin of +17.20 and a Gross Margin at +38.95. Caesars Entertainment Inc’s Net Margin is presently recorded at -4.74.

Return on Total Capital for CZR is now 6.06, given the latest momentum, and Return on Invested Capital for the company is -1.68. Return on Equity for this stock declined to -12.52, with Return on Assets sitting at -1.43. When it comes to the capital structure of this company, Caesars Entertainment Inc [CZR] has a Total Debt to Total Equity ratio set at 703.93. Additionally, CZR Total Debt to Total Capital is recorded at 87.56, with Total Debt to Total Assets ending up at 77.96. Long-Term Debt to Equity for the company is recorded at 699.68, with the Long-Term Debt to Total Capital now at 87.03.

Reflecting on the efficiency of the workforce at the company, Caesars Entertainment Inc [CZR] managed to generate an average of -$10,469 per employee. Receivables Turnover for the company is 19.98 with a Total Asset Turnover recorded at a value of 0.30.Caesars Entertainment Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.76 and a Current Ratio set at 0.78.

An analysis of Institutional ownership at Caesars Entertainment Inc [CZR]

The top three institutional holders of CZR stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in CZR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in CZR stock with ownership which is approximately 5.7994%.

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