Bally’s Corporation (BALY) market price of $54.30 offers the impression of an exciting value play – Invest Chronicle
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Bally’s Corporation (BALY) market price of $54.30 offers the impression of an exciting value play

Bally’s Corporation (BALY) is priced at $54.30 after the most recent trading session. At the very opening of the session, the stock price was $54.87 and reached a high price of $56.00, prior to closing the session it reached the value of $60.80. The stock touched a low price of $51.94.

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Recently in News on April 13, 2021, GLPI Expands Relationship with Bally’s Through Strategic Transactions. Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI” or “the Company”) announced today that it entered into a binding term sheet with Bally’s Corporation (NYSE: BALY) (“Bally’s”) to acquire the real estate assets of Bally’s casino property in Black Hawk, CO and the property it plans to acquire in Rock Island, IL, in a transaction which is subject to regulatory approval and expected to close later this year. Total consideration for the acquisition is $150 million. The parties expect to add the properties to the master lease they are entering into in connection with Bally’s previously announced acquisitions of Tropicana Evansville and Dover Downs Hotel & Casino (“GLPI-BALY master lease”) which will generate incremental rent of $12.0 million. Normalized rent coverage on the assets is expected to be 2.25x in the first calendar year post-acquisition. The acquisitions of the real estate assets of Bally’s properties in Rock Island and Black Hawk are expected to close in early 2022. You can read further details here


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Bally’s Corporation had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $75.92 on 03/26/21, with the lowest value was $45.55 for the same time period, recorded on 01/04/21.

Bally’s Corporation (BALY) full year performance was 312.61%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Bally’s Corporation shares are logging -28.48% during the 52-week period from high price, and 407.48% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $10.70 and $75.92.

The company’s shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 3310240 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Bally’s Corporation (BALY) recorded performance in the market was 8.10%, having the revenues showcasing 9.65% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 1.74B, as it employees total of 5455 workers.

Analysts verdict on Bally’s Corporation (BALY)

During the last month, 0 analysts gave the Bally’s Corporation a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 55.14, with a change in the price was noted +24.30. In a similar fashion, Bally’s Corporation posted a movement of +81.00% for the period of last 100 days, recording 435,968 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for BALY is recording 3.37 at the time of this writing. In addition, long term Debt to Equity ratio is set at 3.35.

Bally’s Corporation (BALY): Technical Analysis

Raw Stochastic average of Bally’s Corporation in the period of last 50 days is set at 23.50%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 9.84%. In the last 20 days, the company’s Stochastic %K was 8.87% and its Stochastic %D was recorded 7.46%.

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Let’s take a glance in the erstwhile performances of Bally’s Corporation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 8.10%. Additionally, trading for the stock in the period of the last six months notably improved by 119.39%, alongside a boost of 312.61% for the period of the last 12 months. The shares increased approximately by -15.66% in the 7-day charts and went up by -24.14% in the period of the last 30 days. Common stock shares were driven by 9.65% during last recorded quarter.

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