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Casino Stocks To Add to Your Watchlist - July 28th

Sharplink Gaming logo with Consumer Discretionary background

Key Points

  • Five Casino stocks gaining attention are Sharplink Gaming, Flutter Entertainment, DraftKings, MGM Resorts International, and Wynn Resorts, noted for their high trading volume recently.
  • DraftKings has a current market cap of $39.72 billion and a 52-week price range of $28.69 to $53.61, indicative of its performance amidst volatility in the gaming sector.
  • MGM Resorts and Wynn Resorts have also shown significant activity with market caps of $10.66 billion and $11.60 billion respectively, reflecting trends in consumer spending and tourism in the casino industry.
  • Interested in Sharplink Gaming? Here are five stocks we like better.
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Sharplink Gaming, Flutter Entertainment, DraftKings, MGM Resorts International, and Wynn Resorts are the five Casino stocks to watch today, according to MarketBeat's stock screener tool. Casino stocks are shares of publicly traded companies that operate casinos, resorts and gaming platforms, both on land and online. Their performance is driven by factors such as discretionary consumer spending, tourism flows, regulatory changes and broader economic trends. As a result, casino stocks often exhibit cyclical patterns tied to consumer confidence, legislation and seasonal travel fluctuations. 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.

Shares of SBET stock traded down $2.00 during midday trading on Monday, reaching $19.99. 27,944,273 shares of the company traded hands, compared to its average volume of 9,829,550. The firm's 50 day simple moving average is $23.21 and its two-hundred day simple moving average is $10.95. Sharplink Gaming has a 1-year low of $2.26 and a 1-year high of $124.12.

Read Our Latest Research Report on SBET

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.

Shares of FLUT stock traded up $0.62 during midday trading on Monday, reaching $305.59. 666,126 shares of the company traded hands, compared to its average volume of 2,324,536. The firm's 50 day simple moving average is $271.76 and its two-hundred day simple moving average is $257.35. Flutter Entertainment has a 1-year low of $175.59 and a 1-year high of $309.77. 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 $53.99 billion and a PE ratio of 105.73.

Read Our Latest Research Report on FLUT

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.

Shares of DKNG traded down $0.20 during mid-day trading on Monday, reaching $44.66. 2,499,973 shares of the company's stock were exchanged, compared to its average volume of 10,277,351. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 2.11. The company has a 50-day simple moving average of $39.68 and a two-hundred day simple moving average of $39.08. DraftKings has a 52-week low of $28.69 and a 52-week high of $53.61. The company has a market cap of $39.72 billion, a price-to-earnings ratio of -53.77, a PEG ratio of 1.51 and a beta of 1.67.

Read Our Latest Research Report on DKNG

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 traded up $0.72 during mid-day trading on Monday, reaching $39.16. 2,124,135 shares of the company's stock were exchanged, compared to its average volume of 5,361,963. The company has a quick ratio of 1.26, a current ratio of 1.31 and a debt-to-equity ratio of 1.79. The company has a 50-day simple moving average of $34.62 and a two-hundred day simple moving average of $33.24. MGM Resorts International has a 52-week low of $25.30 and a 52-week high of $43.99. The company has a market cap of $10.66 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 2.48 and a beta of 1.76.

Read Our Latest Research Report on MGM

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.

WYNN stock traded up $1.52 during midday trading on Monday, hitting $110.96. The stock had a trading volume of 364,822 shares, compared to its average volume of 2,502,564. The firm has a market cap of $11.60 billion, a PE ratio of 30.82, a price-to-earnings-growth ratio of 3.03 and a beta of 1.37. Wynn Resorts has a 12-month low of $65.25 and a 12-month high of $112.36. The company's 50-day moving average price is $96.51 and its 200 day moving average price is $88.02.

Read Our Latest Research Report on WYNN

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