Monarch Casino & Resort, Inc [NASDAQ: MCRI] price surged by 0.26 percent to reach at $0.21.
The one-year MCRI stock forecast points to a potential upside of 6.91. The average equity rating for MCRI stock is currently 3.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Monarch Casino & Resort, Inc [MCRI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MCRI shares is $88.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MCRI stock is a recommendation set at 3.00. 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.
Truist have made an estimate for Monarch Casino & Resort, Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 14, 2025. While these analysts kept the previous recommendation, Wells Fargo raised their target price to Underweight. The new note on the price target was released on December 16, 2024, representing the official price target for Monarch Casino & Resort, Inc stock. On October 19, 2023, analysts decreased their price target for MCRI shares from 90 to 65.
The Average True Range (ATR) for Monarch Casino & Resort, Inc is set at 1.94, with the Price to Sales ratio for MCRI stock in the period of the last 12 months amounting to 2.88. The Price to Book ratio for the last quarter was 2.82, with the Price to Cash per share for the same quarter was set at 4.07. Price to Free Cash Flow for MCRI in the course of the last twelve months was 13.90 with Quick ratio for the last quarter at 0.64.
MCRI Stock Performance Analysis:
Monarch Casino & Resort, Inc [MCRI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.04. With this latest performance, MCRI shares gained by 6.31% in over the last four-week period, additionally sinking by -1.15% over the last 6 months – not to mention a rise of 22.23% 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 MCRI stock in for the last two-week period is set at 58.75, with the RSI for the last a single of trading hit 60.48, and the three-weeks RSI is set at 55.67 for Monarch Casino & Resort, Inc [MCRI]. The present Moving Average for the last 50 days of trading for this stock 78.84, while it was recorded at 81.95 for the last single week of trading, and 80.47 for the last 200 days.
Insight into Monarch Casino & Resort, Inc Fundamentals:
Monarch Casino & Resort, Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.64 and a Current Ratio set at 0.69.
MCRI Stock EPS
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 MCRI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Monarch Casino & Resort, Inc go to 1.13%.
Monarch Casino & Resort, Inc [MCRI] Institutonal Ownership Details
There are presently around $66.88%, or 96.98%% of MCRI stock, in the hands of institutional investors. The top three institutional holders of MCRI stocks are: BLACKROCK INC. with ownership of 2.16 million shares, which is approximately 11.5393%. DAVENPORT & CO LLC, holding 1.2 million shares of the stock with an approximate value of $$82.02 million in MCRI stocks shares; and DAVENPORT & CO LLC, currently with $$68.82 million in MCRI stock with ownership which is approximately 5.3926%.
