Caesars Entertainment Inc (NASDAQ: CZR) Could Bring Massive Returns?

In the last trading session, 6.77 million shares of the Caesars Entertainment Inc (NASDAQ:CZR) were traded, and its beta was 2.31. Most recently the company’s share price was $26.25, and it changed around $0.69 or 2.70% from the last close, which brings the market valuation of the company to $5.46B. CZR currently trades at a discount to its 52-week high of $45.93, offering almost -74.97% off that amount. The share price’s 52-week low was $21.40, which indicates that the current value has risen by an impressive 18.48% since then. We note from Caesars Entertainment Inc’s average daily trading volume that its 10-day average is 5.12 million shares, with the 3-month average coming to 5.69 million.

Caesars Entertainment Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.59. If we narrow it down even further, the data shows that 0 out of 15 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 3 recommended CZR as a Hold, whereas 10 deemed it a Buy, and 0 rated it as Underweight.

Caesars Entertainment Inc (NASDAQ:CZR) trade information

Instantly CZR has showed a green trend with a performance of 2.70% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 28.53 on recent trading dayincreased the stock’s daily price by 7.99%. The company’s shares are currently down -21.45% year-to-date, but still down -1.83% over the last five days. On the other hand, Caesars Entertainment Inc (NASDAQ:CZR) is -13.39% down in the 30-day period. We can see from the shorts that 25.01 million shares have been sold at a short interest cover period of 5.16 day(s).

The consensus price target as assigned by Wall Street analysts is $36.5, which translates to bulls needing to increase their stock price by 28.08% from its current value. Analyst projections state that CZR is forecast to be at a low of $30 and a high of $43.

CZR Dividends

Caesars Entertainment Inc’s next quarterly earnings report is expected to be released on 2025-Apr-28.

Caesars Entertainment Inc (NASDAQ:CZR)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.94% of Caesars Entertainment Inc shares, and 111.49% of them are in the hands of institutional investors. The stock currently has a share float of 112.55%. Caesars Entertainment Inc stock is held by 631.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 10.9226% of the shares, which is about 23.59 million shares worth $937.58 million.

BLACKROCK INC., with 7.7756% or 16.8 million shares worth $667.45 million as of 2024-06-30, holds the second largest percentage of outstanding shares.

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