Bally's (BALY) Stock Price, News & Analysis

Company Overview

Bally's Corporation operates as a casino-entertainment company. It owns and manages casinos across 10 states, a golf course in New York, a horse racetrack in Colorado, and has access to OSB licenses in 18 states. It also owns Bally's Interactive International, an online gaming operator; Bally Bet, a sports betting platform; and Bally Casino, an iCasino platform. The company's casino operations include slot machines, table games, and hotel rooms. It also has rights to developable land in Las Vegas. The company was formerly known as Twin River Worldwide Holdings, Inc. and changed its name to Bally's Corporation in November 2020. Bally's Corporation was incorporated in 2004 and is headquartered in Providence, Rhode Island.

Key Stats

• Today's Range: $17.79 to $17.84
• 50-Day Range: $17.17 to $17.84
• 52-Week Range: $9.74 to $18.00
• Volume: 1.02 million shs
• Average Volume: 471,004 shs
• Market Capitalization: $725.50 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $17.14
• Consensus Rating: Hold

Bally's Stock Analysis - MarketRank™

Bally's scored higher than 15% of companies evaluated by MarketBeat, and ranked 277th out of 296 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.1 / 5
• Analyst Rating: Hold

Consensus Rating

Bally's has received a consensus rating of Hold. The company's average rating score is 2.13, and is based on 1 buy rating, 7 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Bally's has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Bally's are expected to grow in the coming year, from ($7.20) to ($3.53) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Bally's is -1.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Bally's is -1.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Bally's has a P/B Ratio of 3.10. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

14.39% of the float of Bally's has been sold short.

Short Interest Ratio / Days to Cover

Bally's has a short interest ratio ("days to cover") of 9.5.

Change versus previous month

Short interest in Bally's has recently increased by 1.67%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Bally's does not currently pay a dividend.

Dividend Growth

Bally's does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

14.39% of the float of Bally's has been sold short.

Short Interest Ratio / Days to Cover

Bally's has a short interest ratio ("days to cover") of 9.5.

Change versus previous month

Short interest in Bally's has recently increased by 1.67%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: N/A

News Sentiment

Bally's has a news sentiment score of 0.16. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.56 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Bally's this week, compared to 3 articles on an average week.

Search Interest

1 people have searched for BALY on MarketBeat in the last 30 days.

MarketBeat Follows

5 people have added Bally's to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Bally's insiders have not sold or bought any company stock.

Percentage Held by Insiders

28.90% of the stock of Bally's is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

70.41% of the stock of Bally's is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BALY Stock Analysis - Frequently Asked Questions

How have BALY shares performed this year?

Bally's' stock was trading at $13.94 on January 1st, 2024. Since then, BALY shares have increased by 28.0% and is now trading at $17.84.
View the best growth stocks for 2024 here.

How were Bally's' earnings last quarter?

Bally's Co. (NYSE:BALY) released its quarterly earnings data on Wednesday, July, 31st. The company reported ($1.24) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.47) by $0.23. The company's quarterly revenue was up 2.5% on a year-over-year basis.

Who are Bally's' major shareholders?

Bally's' top institutional shareholders include Alpine Associates Management Inc. (3.80%), Citigroup Inc. (1.09%), Healthcare of Ontario Pension Plan Trust Fund (1.04%) and Glazer Capital LLC (0.62%). Insiders that own company stock include General LP Standard, Robeson Reeves, Craig L Eaton, Marc A Crisafulli, Jaymin B Patel, Terrence Downey and Lee Kim Barker.
View institutional ownership trends.

How do I buy shares of Bally's?

Shares of BALY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Bally's own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Bally's investors own include American Water Works (AWK), AUO (AUOTY), Waste Connections (WCN), DiamondRock Hospitality (DRH), The RMR Group (RMR), iShares Micro-Cap ETF (IWC) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 7/31/2024
• Today: 11/14/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/19/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Discretionary
• Industry: Hotels & motels
• Sub-Industry: Restaurants, Hotels, Motels
• Current Symbol: NYSE:BALY
• CUSIP: N/A
• CIK: 1747079
• Web: www.twinriverwwholdings.com
• Phone: (401) 475-8474
• Fax: N/A
• Employees: 10,500
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $17.14
• High Stock Price Target: $18.25
• Low Stock Price Target: $12.00
• Potential Upside/Downside: -3.9%
• Consensus Rating: Hold
• Rating Score (0-4): 2.13
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($15.06)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-187,500,000.00
• Net Margins: -30.04%
• Pretax Margin: -36.88%
• Return on Equity: -79.10%
• Return on Assets: -5.11%

Debt

• Debt-to-Equity Ratio: 15.62
• Current Ratio: 0.56
• Quick Ratio: 0.58

Sales & Book Value

• Annual Sales: $2.45 billion
• Price / Sales: 0.30
• Cash Flow: $2.48 per share
• Price / Cash Flow: 7.20
• Book Value: $5.75 per share
• Price / Book: 3.10

Miscellaneous

• Outstanding Shares: 40,670,000
• Free Float: 28,914,000
• Market Cap: $725.55 million
• Optionable: Optionable
• Beta: 2.07