CZR Stock Summary and Trading Ideas (Caesars Entertainment | NASDAQ:CZR)

Caesars Entertainment includes about 50 domestic gaming properties across Las Vegas (49% of 2023 EBITDAR before corporate expenses) and regional (48%) markets. Additionally, the company hosts managed properties and digital assets, the later of which produced marginal EBITDA in 2023. Caesars' US presence roughly doubled with the 2020 acquisition by Eldorado, which built its first casino in Reno, Nevada, in 1973 and expanded its presence through prior acquisitions to over 20 properties before merging with legacy Caesars. Caesars' brands include Caesars, Harrah's, Tropicana, Bally's, Isle, and Flamingo. Also, the company owns the US portion of William Hill (it sold the international operation in 2022), a digital sports betting platform.

Caesars Entertainment trades on the NASDAQ stock market under the symbol CZR.

As of April 18, 2024, CZR stock price declined to $37.98 with 3,216,248 million shares trading.

CZR has a beta of 2.43, meaning it tends to be more sensitive to market movements. CZR has a correlation of 0.52 to the broad based SPY ETF.

CZR has a market cap of $8.22 billion. This is considered a Mid Cap stock.

Last quarter Caesars Entertainment reported $3 billion in Revenue and $.10 earnings per share. This fell short of revenue expectation by $-24 million and exceeded earnings estimates by $.14.

In the last 3 years, CZR stock traded as high as $119.81 and as low as $31.31.

The top ETF exchange traded funds that CZR belongs to (by Net Assets): VTI, VOO, VB, VBK, RSP.

CZR has underperformed the market in the last year with a price return of -14.4% while the SPY ETF gained +22.3%. CZR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -14.1% and -12.3%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

CZR support price is $37.53 and resistance is $39.51 (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 CZR stock will trade within this expected range on the day.