Taking a Fresh Look at Boyd Gaming Corporation (BYD)

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 $35.91, up from yesterday’s close by 1.93%. 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

Boyd Gaming Corporation (BYD) currently trades with a market capitalization of $4.13 Billion. That value represents a market adjusting for revenues that have been growing by 10.48 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $168.28 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.27 on a per share basis this quarter. Perhaps, that suggests something about why 2.34% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Boyd Gaming Corporation recorded a 52-week high of $40.44. It is now trading 4.53% off that level. The stock is trading $35.70 its 50-day moving average by -0.20999999999999%. The stock carved out a 52-week low down at $19.39.

In recent action, Boyd Gaming Corporation (BYD) has made a move of -0.69% 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 13.62, 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 13.56% with $82.03 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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