Bally’s Co. (NYSE:BALY – Get Rating) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 2,850,000 shares, a drop of 7.2% from the October 15th total of 3,070,000 shares. Based on an average daily volume of 327,900 shares, the short-interest ratio is currently 8.7 days. Approximately 7.4% of the company’s shares are sold short.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. Wells Fargo & Company raised their target price on shares of Bally’s from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Friday, November 4th. Stifel Nicolaus lowered shares of Bally’s from a “buy” rating to a “hold” rating and decreased their price target for the company from $28.00 to $25.00 in a report on Wednesday, November 2nd. Cowen dropped their price target on shares of Bally’s to $35.00 in a research report on Thursday, October 20th. Truist Financial dropped their target price on shares of Bally’s from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, October 25th. Finally, Cowen dropped their target price on shares of Bally’s from $53.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, August 8th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $29.88.
Bally’s Stock Performance
Bally’s stock opened at $24.64 on Friday. The company has a market cap of $1.34 billion, a PE ratio of -28.99 and a beta of 1.91. The company’s 50-day moving average is $21.97 and its two-hundred day moving average is $22.99. The company has a current ratio of 0.65, a quick ratio of 0.63 and a debt-to-equity ratio of 3.12. Bally’s has a 1 year low of $17.54 and a 1 year high of $45.98.
Institutional Trading of Bally’s
Bally’s Company Profile
Bally's Corporation, a gaming, hospitality, and entertainment company, engages in casinos and resorts, and online gaming businesses in the United States. The company operates through three segments: Casinos & Resorts, North America Interactive, and International Interactive. It offers physical and interactive entertainment and gaming experiences, including traditional casino offerings, iCasino, online bingo games, sportsbook, daily fantasy sports, and free-to-play games.
- Get a free copy of the StockNews.com research report on Bally’s (BALY)
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