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Caesars Entertainment, Inc.’s Stock Price Dips to $36.00, Marking a 2.36% Decrease: Is it Time to Play or Fold?

By September 10, 2024 No Comments

Caesars Entertainment, Inc. (CZR)

36.00 USD -0.87 (-2.36%) Volume: 3.68M

Caesars Entertainment, Inc.’s stock price stands at 36.00 USD, witnessing a trading session dip of -2.36% with a volume of 3.68M shares traded. With a year-to-date performance showing a decline of -23.21%, CZR’s stock continues to be a focal point in market discussions.


Latest developments on Caesars Entertainment, Inc.

Caesars Entertainment has been making headlines recently with a mix of exciting events and financial reports. From Donny Osmond extending his Las Vegas residency at Harrah’s to a report calling out the CEOs for ‘excess’ pay, there has been no shortage of news surrounding the entertainment giant. Additionally, the Golden Goddess Progressive MegaJackpot at Caesars Palace in Michigan has climbed to an impressive $661K, attracting even more attention to the company. With the launch of the Caesars Sportsbook Promo Code ACTION4100 offering a $1K insurance bet on all Week 1 NFL action, the company is clearly making moves to stay competitive in the market. Luis Miguel’s career momentum hitting the Las Vegas Strip adds to the buzz surrounding Caesars Entertainment, influencing stock price movements as investors keep a close eye on the company’s latest developments.


Caesars Entertainment, Inc. on Smartkarma

Analysts on Smartkarma, including Value Investors Club, are bullish on Caesars Entertainment Inc (CZR). According to research reports, CZR’s digital segment has the potential for profitability that the market is currently underestimating. The company’s brick-and-mortar business is also undervalued and expected to generate substantial EBITDAR and free cash flow by 2025. With the stock trading at multi-year lows, analysts see an attractive investment opportunity in CZR.

Value Investors Club also highlights an investment opportunity in long Caesar’s Entertainment January 2026, $60 strike calls. Despite underperformance due to investments in digital without desired results, analysts anticipate a turning point in stock performance towards the end of 2025 or 2026. This bullish sentiment towards CZR reflects optimism in the company’s potential for growth and profitability in both its digital and traditional gaming segments.


A look at Caesars Entertainment, Inc. Smart Scores

FactorScoreMagnitude
Value4
Dividend1
Growth5
Resilience2
Momentum3
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Caesars Entertainment, Inc. has a mixed outlook based on the Smartkarma Smart Scores. While the company scores high in terms of growth potential, with a score of 5, it lags behind in resilience and dividend, scoring 2 and 1 respectively. This suggests that Caesars Entertainment may face challenges in weathering economic downturns and may not provide significant returns to dividend-seeking investors. However, its strong value score of 4 indicates that the company may be undervalued compared to its peers.

Overall, Caesars Entertainment’s long-term prospects seem to be positive, with a focus on growth opportunities. The company’s momentum score of 3 suggests that it is moving in the right direction, albeit at a moderate pace. Investors looking for a potentially undervalued stock with strong growth potential may find Caesars Entertainment appealing. However, those seeking stability and income from dividends may want to look elsewhere due to the company’s low dividend score of 1.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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