Churchill Downs, Inc. [NASDAQ: CHDN] traded at a high on Thursday, posting a 0.79 gain after which it closed the day’ session at $139.32.
The results of the trading session contributed to over 550339 shares changing hands. Over the past one week, the price volatility of Churchill Downs, Inc. stands at 1.76% while the volatility over the past one month is 2.05%.
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The market cap for CHDN stock reached $10.24 billion, with 74.50 million shares outstanding and 66.57 million shares in the current float. Compared to the average trading volume of 493.22K shares, CHDN reached a trading volume of 550339 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Churchill Downs, Inc. [CHDN]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CHDN shares is $148.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CHDN stock is a recommendation set at 1.30. 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.
Wells Fargo have made an estimate for Churchill Downs, Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 15, 2024. While these analysts kept the previous recommendation, Mizuho raised their target price to Buy. The new note on the price target was released on March 26, 2024, representing the official price target for Churchill Downs, Inc. stock. Previously, the target price had yet another raise from $135 to $137, while Wells Fargo kept a Equal Weight rating on CHDN stock.
The Average True Range (ATR) for Churchill Downs, Inc. is set at 2.90, with the Price to Sales ratio for CHDN stock in the period of the last 12 months amounting to 4.11. The Price to Book ratio for the last quarter was 12.38, with the Price to Cash per share for the same quarter was set at 3.02.
How has CHDN stock performed recently?
Churchill Downs, Inc. [CHDN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.00. With this latest performance, CHDN shares gained by 4.05% in over the last four-week period, additionally plugging by 11.54% over the last 6 months – not to mention a rise of 0.22% 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 CHDN stock in for the last two-week period is set at 67.38, with the RSI for the last a single of trading hit 73.86, and the three-weeks RSI is set at 64.06 for Churchill Downs, Inc. [CHDN]. The present Moving Average for the last 50 days of trading for this stock 130.24, while it was recorded at 136.54 for the last single week of trading, and 122.37 for the last 200 days.
Churchill Downs, Inc. [CHDN]: Deeper insight into the fundamentals
Churchill Downs, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.50.
Earnings analysis for Churchill Downs, Inc. [CHDN]
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 CHDN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Churchill Downs, Inc. go to 1.80%.
Insider trade positions for Churchill Downs, Inc. [CHDN]
The top three institutional holders of CHDN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in CHDN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CHDN stock with ownership which is approximately 5.8386%.
