Casino Stocks To Follow Today – August 3rd

Flutter Entertainment, Sharplink Gaming, and DraftKings are the three Casino stocks to watch today, according to MarketBeat’s stock screener tool. Casino stocks are the publicly traded shares of companies that own, develop or operate casinos, resorts and related gaming facilities—both land-based and online. Their value typically reflects factors such as consumer discretionary spending, tourism trends, regulatory changes and broader economic conditions. These companies had the highest dollar trading volume of any Casino stocks within the last several days.

Flutter Entertainment (FLUT)

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.

NYSE:FLUT traded down $2.69 during trading hours on Friday, reaching $299.57. 2,003,913 shares of the company were exchanged, compared to its average volume of 1,863,023. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market cap of $52.93 billion, a price-to-earnings ratio of 103.66, a PEG ratio of 1.11 and a beta of 2.31. Flutter Entertainment has a 52-week low of $175.59 and a 52-week high of $309.77. The stock has a 50 day simple moving average of $277.77 and a 200 day simple moving average of $258.98.

Sharplink Gaming (SBET)

SharpLink Gaming, Inc. operates as an online technology company that connects sports fans, leagues, and sports websites to sports betting and iGaming content. The company operates through four segments: Affiliate Marketing Services United States, Affiliate Marketing Services International, Sports Gaming Client Services, and SportsHub Games Network.

NASDAQ:SBET traded down $1.67 during trading hours on Friday, reaching $17.14. 28,921,241 shares of the company were exchanged, compared to its average volume of 54,417,516. The stock has a 50 day simple moving average of $24.74 and a 200 day simple moving average of $11.36. Sharplink Gaming has a 52-week low of $2.26 and a 52-week high of $124.12.

DraftKings (DKNG)

DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally. It provides online sports betting and casino, daily fantasy sports, media, and other consumer products, as well as retails sportsbooks. The company also engages in the design and development of sports betting and casino gaming software for online and retail sportsbooks, and iGaming operators.

DKNG traded down $1.31 during trading hours on Friday, reaching $43.73. 6,809,345 shares of the stock traded hands, compared to its average volume of 7,903,561. The firm’s fifty day simple moving average is $40.55 and its two-hundred day simple moving average is $39.26. The company has a market cap of $38.89 billion, a price-to-earnings ratio of -52.69, a PEG ratio of 1.47 and a beta of 1.70. DraftKings has a fifty-two week low of $28.69 and a fifty-two week high of $53.61. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.20 and a quick ratio of 1.20.