Full House Resorts (NASDAQ:FLL) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Intraday technical breakout: Full House Resorts' stock traded as high as $2.88 and briefly crossed above its 200‑day moving average of $2.73, but it last traded below the MA at $2.61 on volume of 105,721 shares.
• Weak fundamentals and mixed analyst view: The company missed quarterly EPS estimates (reported a $0.34 loss), has negative margins and ROE, and holds an average analyst rating of "Hold" with a consensus price target of $4.00.

Full House Resorts, Inc. (NASDAQ:FLL - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.73 and traded as high as $2.88. Full House Resorts shares last traded at $2.61, with a volume of 105,721 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on FLL shares. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Full House Resorts in a report on Thursday, January 22nd. Craig Hallum dropped their price target on Full House Resorts from $5.00 to $4.00 and set a "buy" rating for the company in a research report on Friday, March 6th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Full House Resorts currently has an average rating of "Hold" and a consensus price target of $4.00.

Full House Resorts Stock Performance

The stock has a market capitalization of $94.27 million, a price-to-earnings ratio of -2.35 and a beta of 1.37. The stock's 50 day moving average is $2.42 and its 200 day moving average is $2.73. The company has a current ratio of 0.68, a quick ratio of 0.65 and a debt-to-equity ratio of 33.44.

Full House Resorts (NASDAQ:FLL - Get Free Report) last announced its quarterly earnings results on Thursday, March 5th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.11). Full House Resorts had a negative net margin of 13.29% and a negative return on equity of 181.56%. The business had revenue of $75.42 million during the quarter, compared to analysts' expectations of $78.66 million.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. HRT Financial LP purchased a new stake in shares of Full House Resorts in the fourth quarter valued at $27,000. Jane Street Group LLC acquired a new position in shares of Full House Resorts during the 1st quarter valued at about $54,000. Tower Research Capital LLC TRC raised its stake in Full House Resorts by 570.7% during the second quarter. Tower Research Capital LLC TRC now owns 15,708 shares of the company's stock worth $57,000 after purchasing an additional 13,366 shares during the period. Catalyst Funds Management Pty Ltd acquired a new position in Full House Resorts in the second quarter valued at $58,000. Finally, Occudo Quantitative Strategies LP purchased a new stake in Full House Resorts during the second quarter valued at about $60,000. Hedge funds and other institutional investors own 37.68% of the company's stock.

About Full House Resorts

Full House Resorts, Inc NASDAQ: FLL is a gaming, lodging and entertainment company headquartered in Summerfield, Nevada. Founded in 1987, the company designs, develops and operates casino resorts and ancillary hospitality facilities in multiple U.S. markets. Its business model emphasizes regional gaming properties that combine slot machines, table games, hotel accommodations and live entertainment to serve a broad customer base.

The company's property portfolio spans five states, including Bronco Billy's Casino & Hotel and Grand Lodge Casino in Black Hawk, Colorado; Silver Slipper Casino Hotel and Harlow's Casino Resort in Mississippi; Running Aces Harness Park & Casino in Minnesota; Rising Star Casino Resort in Indiana; and Stockman's Casino in Nevada.

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