Monarch Casino & Resort, Inc. (NASDAQ:MCRI) Projected EPS At $0.31 For Next Quarter


Monarch Casino & Resort, Inc. (NASDAQ:MCRI) has a mean price target of $28.00 by market experts. Market leading group First Call has reached this recommendation by considering recommendations of top analysts in the industry. These experts have specified earnings of $0.31 a share for the very next quarter and $1.29 for this year.

Technical View

The technical study of Monarch Casino & Resort, Inc. demonstrates that the 50-day moving average of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) stock is $23.68, and is trading $-0.78 points away or -3.28% from 50-day moving average of $23.68. It is trading $1.43 or +6.65% away 200-day moving average of $21.47.

The 52-week high of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) was $24.50 while $16.72 is the low mark in the same period. It state Monarch Casino & Resort, Inc. share price has to surge more than $-1.60 to hit 52-week high or drop +36.96% to make a 52-week mark. MA here hints at moving average.

Taking the valuation part to reach the estimation of Monarch Casino & Resort, Inc., investors apply price-to-earnings ratio, which is shortened as P/E ratio. It weighs equity price by the relative expense of the equity. Monarch Casino & Resort, Inc. (NASDAQ:MCRI) ratio came in at 18.48, after dividing current equity price by yearly earnings. Monarch Casino & Resort, Inc. stock recorded a close of $22.90 in last trading session, registering a market cap of $396.54M.

The price-earnings ratio can be seen as a means of regulating the value of per dollar of earnings through the stock market. In concept, by taking the average of P/E over a period of numerous years, one could frame something of a uniform P/E ratio, which can then be understood as a benchmark and utilized to indicate whether or not a share is worth buying.

Investors estimate the Price-to-Earnings-Growth ratio to catch up with a clear view on the firm valuation. For stocks with higher PEG ratio, they are considered as sell option. The undervalued equity displays PEG ratio of 0 or 1. On contrary, the fairly valued equity has ratio of 1 and 2. Monarch Casino & Resort, Inc. (NASDAQ:MCRI) PEG ratio is at 1.27.

1 Chart Pattern Every Investor Should Know

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