Why Monarch Casino & Resort, Inc. (NASDAQ:MCRI) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $28.00 on Monarch Casino & Resort, Inc. (NASDAQ:MCRI) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.30 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) stands at 18.86.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Monarch Casino & Resort, Inc., the PEG ratio for coming 3-5 years is 1.30.

Technical Analysis

The technical analysis highlights that Monarch Casino & Resort, Inc. current is trading $-0.19 points away or -0.82% from its 50-day moving average of $23.56. Further it is trading $2.19 or +10.33% away its 200-day moving average of $21.18.

The 52-week high of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) was $24.50 while lowest point recorded in 52-week was $16.72. It implies if stock price makes a movement of over $-1.13, it will record a new 52-week high. In the case of +39.77% drop, it will touch a new 52-week low.

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