Boyd Gaming Corporation (BYD): From Top to Bottom

Boyd Gaming Corporation (BYD) is an interesting player in the Services space, with a focus on Resorts & Casinos. The stock has been active on the tape, currently trading at $27.80, up from yesterday’s close by 1.09%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Does this stock stack up well when compared to its peers in the industry space? Let’s take a look. Boyd Gaming Corporation (BYD) currently trades with a market capitalization of $2.95 Billion.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For BYD, the company currently has $184.6 Million of cash on the books, which is offset by $23.99 Million current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $132.11 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.25 on a per share basis this quarter. Perhaps, that suggests something about why 78.34% of the outstanding share supply is held by institutional investors.

Technical Analysis

We’ve taken a serious look at this stock from a fundamental perspective, but the tale of the tape may offer more hints about what lies under the surface. Looking at the stock’s movement on the chart, Boyd Gaming Corporation recorded a 52-week high of $27.98. It is now trading 0.18% off that level. The stock is trading $26.21 its 50-day moving average by -1.59%. The stock carved out a 52-week low down at $16.77.

In recent action, Boyd Gaming Corporation (BYD) has made a move of +5.42% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 19.61, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 14.92% with $82.10 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of BYD.

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