CPHC Stock Summary and Trading Ideas (Canterbury Park Holding | NASDAQ:CPHC)

Canterbury Park Holding Corp is in the business of pari-mutuel wagering on horse races and unbanked card games at its canterbury park racetrack and card casino facility in Minnesota. The company has four operating segments. The horse racing segment represents pari-mutuel wagering operations on simulcast and lives horse races; the Casino segment represents unbanked card operations; the food and beverage segment includes concessions, catering, and events services provided at the Racetrack; and the development segment represents its real estate development operations. The firm generates a majority of its revenue from the Casino segment.

Canterbury Park Holding trades on the NASDAQ stock market under the symbol CPHC.

As of May 21, 2024, CPHC stock price declined to $22.25 with 871 million shares trading.

CPHC has a market cap of $110.87 million. This is considered a Micro Cap stock.

In the last 3 years, CPHC stock traded as high as $32.92 and as low as $13.91.

The top ETF exchange traded funds that CPHC belongs to (by Net Assets): VTI, VXF, DFAT, IWC, DFAS.

CPHC has underperformed the market in the last year with a price return of -0.5% while the SPY ETF gained +28.5%. CPHC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +4.7% and -6.0%, respectively, while the SPY returned +7.3% and +2.9%, respectively.

CPHC support price is $21.92 and resistance is $24.74 (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 CPHC stock will trade within this expected range on the day.