Stock To Watch: Monarch Casino & Resort, Inc. (NASDAQ:MCRI)


The leading market experts have placed a mean price target of $28.00 on Monarch Casino & Resort, Inc. (NASDAQ:MCRI) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.31 a share for the upcoming quarter and $1.30 for the current fiscal.

Technical View

The technical analysis of Monarch Casino & Resort, Inc. plainly substantiates that the 50-day moving average of Monarch Casino & Resort, Inc. is $22.83, and stock is trading $1.11 points away or +4.86% from its 50-day moving average of $22.83. Further it is trading $3.16 or +15.22% away its 200-day moving average of $20.78. Monarch Casino & Resort, Inc. (NASDAQ:MCRI) 52-week high is $24.17 and the 52-week low is $16.45.

This explains if the stock moves $-0.23, it will post a 52-week high. In event of +45.53% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Monarch Casino & Resort, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Monarch Casino & Resort, Inc. (NASDAQ:MCRI) ratio came in at 19.32.

The stock last ended the trading session at $23.94 and registered a market cap of $414.55M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Monarch Casino & Resort, Inc. (NASDAQ:MCRI) PEG ratio is at 1.32.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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