Best Casino Stocks To Keep An Eye On – August 16th

Sharplink Gaming, DraftKings, Flutter Entertainment, Wynn Resorts, MGM Resorts International, PENN Entertainment, and Churchill Downs are the seven Casino stocks to watch today, according to MarketBeat’s stock screener tool. Casino stocks are publicly traded shares in companies that own and operate gambling establishments—such as brick-and‐mortar casinos, racetracks and resorts—or offer online gaming platforms. Their performance typically tracks tourism and consumer discretionary spending, making them sensitive to economic cycles, regulatory changes and shifts in consumer behavior. These companies had the highest dollar trading volume of any Casino stocks within the last several days.

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 $3.64 during trading on Friday, hitting $19.85. The stock had a trading volume of 59,942,248 shares, compared to its average volume of 54,612,768. Sharplink Gaming has a one year low of $2.26 and a one year high of $124.12. The stock has a 50 day simple moving average of $19.69 and a 200 day simple moving average of $12.45.

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.

NASDAQ DKNG traded up $1.27 during trading on Friday, hitting $44.94. The stock had a trading volume of 9,569,503 shares, compared to its average volume of 9,671,005. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market capitalization of $39.97 billion, a price-to-earnings ratio of -69.14, a P/E/G ratio of 1.04 and a beta of 1.70. DraftKings has a one year low of $29.64 and a one year high of $53.61. The stock has a 50 day simple moving average of $42.39 and a 200 day simple moving average of $39.50.

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 up $4.40 during trading on Friday, hitting $293.17. The stock had a trading volume of 1,375,347 shares, compared to its average volume of 2,296,502. The stock has a 50 day simple moving average of $287.56 and a 200 day simple moving average of $261.12. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.95 and a current ratio of 0.95. Flutter Entertainment has a one year low of $196.88 and a one year high of $313.68. The stock has a market capitalization of $51.63 billion, a price-to-earnings ratio of 144.42, a P/E/G ratio of 1.20 and a beta of 2.31.

Wynn Resorts (WYNN)

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.

Shares of Wynn Resorts stock traded down $1.93 on Friday, hitting $109.45. 1,496,814 shares of the company traded hands, compared to its average volume of 1,878,596. The stock’s 50 day moving average price is $102.32 and its 200-day moving average price is $90.59. Wynn Resorts has a 52 week low of $65.25 and a 52 week high of $112.57. The company has a market cap of $11.38 billion, a PE ratio of 32.87, a PEG ratio of 5.92 and a beta of 1.41.

MGM Resorts International (MGM)

MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and internationally. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.

Shares of MGM Resorts International stock traded down $0.41 on Friday, hitting $35.92. 3,617,906 shares of the company traded hands, compared to its average volume of 5,086,940. The stock’s 50 day moving average price is $35.85 and its 200-day moving average price is $33.55. The company has a current ratio of 1.22, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. MGM Resorts International has a 52 week low of $25.30 and a 52 week high of $42.53. The company has a market cap of $9.78 billion, a PE ratio of 19.74, a PEG ratio of 1.71 and a beta of 1.81.

PENN Entertainment (PENN)

PENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates online sports betting in various jurisdictions; and iCasino under Hollywood Casino, L'Auberge, ESPN BET, and theScore Bet Sportsbook and Casino brands.

Shares of PENN Entertainment stock traded up $0.26 on Friday, hitting $18.24. 5,141,935 shares of the company traded hands, compared to its average volume of 3,723,119. The stock’s 50 day moving average price is $17.73 and its 200-day moving average price is $17.39. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 2.39. PENN Entertainment has a 52 week low of $13.25 and a 52 week high of $23.08. The company has a market cap of $2.66 billion, a PE ratio of -32.57 and a beta of 1.60.

Churchill Downs (CHDN)

Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming. The company operates pari-mutuel gaming entertainment venues; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; retail sports books; casino gaming; and Terre Haute Casino Resort.

NASDAQ:CHDN traded down $1.00 during trading hours on Friday, reaching $102.58. The company’s stock had a trading volume of 627,722 shares, compared to its average volume of 653,546. The company has a market capitalization of $7.19 billion, a P/E ratio of 17.63, a price-to-earnings-growth ratio of 1.94 and a beta of 0.95. Churchill Downs has a 12 month low of $85.58 and a 12 month high of $150.21. The company has a debt-to-equity ratio of 4.74, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a 50 day moving average price of $103.74 and a two-hundred day moving average price of $105.40.