Casino Stocks To Keep An Eye On – March 28th

DraftKings, Flutter Entertainment, and MGM Resorts International are the three Casino stocks to watch today, according to MarketBeat’s stock screener tool. Casino stocks refer to the shares of companies that primarily operate casinos and gaming establishments, including those offering gambling, entertainment, and hospitality services. These stocks are influenced by factors such as economic trends, regulatory changes, and consumer discretionary spending, and they can exhibit cyclical performance that reflects broader market and industry-specific conditions. These companies had the highest dollar trading volume of any Casino stocks within the last several days.

DraftKings (DKNG)

DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally. It provides online sports betting and casino, daily fantasy sports, media, and other consumer products, as well as retails sportsbooks. The company also engages in the design and development of sports betting and casino gaming software for online and retail sportsbooks, and iGaming operators.

Shares of NASDAQ DKNG traded down $1.21 during trading on Friday, reaching $35.83. 4,054,075 shares of the company traded hands, compared to its average volume of 9,497,988. The company has a quick ratio of 1.00, a current ratio of 0.93 and a debt-to-equity ratio of 1.24. The firm has a 50 day simple moving average of $42.09 and a 200-day simple moving average of $40.33. DraftKings has a 52-week low of $28.69 and a 52-week high of $53.61. The stock has a market capitalization of $17.56 billion, a PE ratio of -33.84, a P/E/G ratio of 1.43 and a beta of 2.07.

Flutter Entertainment (FLUT)

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.

Shares of FLUT traded down $6.27 on Friday, reaching $231.02. The company’s stock had a trading volume of 455,636 shares, compared to its average volume of 1,509,458. Flutter Entertainment has a 12-month low of $174.03 and a 12-month high of $299.73. The stock has a market capitalization of $41.00 billion and a P/E ratio of 1,050.37. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.89 and a quick ratio of 0.89. The stock’s 50 day simple moving average is $261.86 and its two-hundred day simple moving average is $253.61.

MGM Resorts International (MGM)

MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and internationally. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.

NYSE:MGM traded down $0.93 during trading hours on Friday, hitting $30.68. 1,931,232 shares of the stock traded hands, compared to its average volume of 4,265,393. The company has a quick ratio of 1.26, a current ratio of 1.30 and a debt-to-equity ratio of 1.73. The stock has a 50 day moving average price of $33.95 and a 200 day moving average price of $35.96. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 12.76, a price-to-earnings-growth ratio of 0.98 and a beta of 2.18. MGM Resorts International has a 1 year low of $29.99 and a 1 year high of $48.25.