BYD Stock Summary and Trading Ideas (Boyd Gaming | NYSE:BYD)

Boyd Gaming Corp is a multi-jurisdictional gaming company. The company operates wholly-owned gaming entertainment properties (casino space, slot machines, table games, and hotel rooms) in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. Geographical regions separate its business segments: Las Vegas Locals, Downtown Las Vegas, Midwest and South, and Online. Midwest and South hold the key number of entertainment properties, and it generate the majority of sales for the company.

Boyd Gaming trades on the NYSE stock market under the symbol BYD.

As of April 18, 2024, BYD stock price declined to $62.93 with 701,728 million shares trading.

BYD has a beta of 1.25, meaning it tends to be more sensitive to market movements. BYD has a correlation of 0.37 to the broad based SPY ETF.

BYD has a market cap of $6.02 billion. This is considered a Mid Cap stock.

Last quarter Boyd Gaming reported $954 million in Revenue and $1.66 earnings per share. This beat revenue expectation by $24 million and exceeded earnings estimates by $.19.

In the last 3 years, BYD stock traded as high as $73.00 and as low as $46.10.

The top ETF exchange traded funds that BYD belongs to (by Net Assets): VTI, IJH, VB, VXF, VBK.

BYD has underperformed the market in the last year with a price return of -3.6% while the SPY ETF gained +22.3%. BYD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.7% and -5.9%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

BYD support price is $62.74 and resistance is $64.64 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BYD stock will trade within this expected range on the day.