Monarch Casino & Resort (NASDAQ:MCRI) Downgraded by BidaskClub to Sell

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Monarch Casino & Resort stock has undergone multiple analysts rating changes in the recent past.  Monarch Casino & Resort Downgraded by BidaskClub on 6/30/2020. In a note to investors, the firm issued a new rating of Sell. The analysts previously had rating of Hold.

Shares of Monarch Casino & Resort traded up $1.72 on Monday, reaching $34.05. 0 shares of the stock traded hands, compared to its average volume of 132295. Shares of Monarch Casino & Resort ended Monday on at $34.05. The firm’s 50 day moving average is $34.69 and its 200 day moving average is $40.72.Monarch Casino & Resort  has a 12 month low of $31.85 and a 12 month high of $57.57. While on yearly highs and lows, Monarch Casino & Resort’s today has traded high as $34.80 and has touched $31.85 on the downward trend. See More Analyst Rating at: RATING

Monarch Casino & Resort Earnings and What to expect: 

Monarch Casino & Resort last posted its quarterly earnings data on April 22nd, 2020. The reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.19. The firm earned $51.01 million during the quarter, compared to analyst estimates of $53.45 million. Monarch Casino & Resort has generated $1.94 earnings per share over the last year and currently has a price-to-earnings ratio of 23.6. Monarch Casino & Resort has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, July 22nd, 2020 based off prior year’s report dates.

Earnings for Monarch Casino & Resort are expected to grow in the coming year, from ($0.32) to $2.44 per share. The P/E ratio of Monarch Casino & Resort is 23.65, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.96. The P/E ratio of Monarch Casino & Resort is 23.65, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 29.22. Monarch Casino & Resort has a P/B Ratio of 1.80. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 26.75%
  • On 5/27/2020 President Bob Farahi Sell 16,994 at average share price of $40.65 which equates to $690,806.10 in money value.
  • On 3/16/2020 President Bob Farahi Buy 5,000 at average price of  $20.11 with total value of : Not Data Available
  • On 9/11/2019 President Bob Farahi Sell 24,340 at average price of  $45.08 with total value of : $1,097,247.20

Analyst at BidaskClub are also talking about :

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  • 6/30/2020 – VSE was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/30/2020 – Verisign was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Monarch Casino & Resort (NASDAQ:MCRI) Moving Average Technical Analysis

5 day Moving Average is $34.76 And 5 day price change is -$2.19 (-6.04%)  with average volume for 5 day average is 139,120. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $38.02 and 20 day price change is -$6.59 (-16.22%) and average 20 day moving volume is 106,350. 50 day moving average is $34.69  and 50 day price change is $6.95 ( 25.65%)  and with average volume for 50 days is : 139,820. 200 day moving average is $40.72  and 200 day price change is -$11.34 (-24.98%)  and with average volume for 200 days is : 120,884.

See More Analyst Rating at: RATING