Best Casino Stocks Worth Watching - November 3rd

Key Points

• MGM Resorts International, DraftKings, and Rush Street Interactive are highlighted as casino stocks with the highest recent dollar trading volume and exposure to casinos, sportsbooks, and online gambling.
• MGM traded at $31.35, with a $7.89 billion market capitalization and a one-year range of $26.71 to $51.59; its shares remained below both their 50-day and 200-day moving averages.
• DraftKings and Rush Street Interactive traded at $21.89 and $12.44, respectively. Both stocks were well below their 12-month highs, while RSI’s 37.49 P/E ratio contrasted with DraftKings’ negative earnings.

MGM Resorts International, DraftKings, and Rush Street Interactive are the three Casino stocks to watch today, according to MarketBeat's stock screener tool. Casino stocks are shares of publicly traded companies that own or operate casinos, gaming resorts, sportsbooks, or online gambling platforms. For stock market investors, they represent exposure to the gambling and entertainment industry and may be influenced by consumer spending, tourism, regulatory changes, economic conditions, and gaming revenue trends. These companies had the highest dollar trading volume of any Casino stocks within the last several days.

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 $0.79 during mid-day trading on Tuesday, hitting $31.35. 3,042,534 shares of the company traded hands, compared to its average volume of 4,439,325. The stock has a 50-day moving average price of $34.53 and a two-hundred day moving average price of $38.98. The stock has a market cap of $7.89 billion, a price-to-earnings ratio of 11.93, a P/E/G ratio of 1.52 and a beta of 1.35. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.30 and a current ratio of 1.34. MGM Resorts International has a 1 year low of $26.71 and a 1 year high of $51.59.

Read Our Latest Research Report on MGM

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 $0.08 during mid-day trading on Tuesday, hitting $21.89. 2,614,984 shares of the company traded hands, compared to its average volume of 13,413,475. DraftKings has a one year low of $18.35 and a one year high of $36.98. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.22. The firm has a market cap of $10.87 billion, a price-to-earnings ratio of -57.50, a price-to-earnings-growth ratio of 2.29 and a beta of 1.61. The stock's fifty day moving average price is $21.78 and its 200-day moving average price is $24.30.

Read Our Latest Research Report on DKNG

Rush Street Interactive (RSI)

Rush Street Interactive, Inc. operates as an online casino and sports betting company in the United States, Canada, Mexico, and rest of Latin America. It provides real-money online casino, online and retail sports betting, and social gaming services. In addition, the company offers full suite of games comprising of bricks-and-mortar casinos, table games, and slot machines.

Rush Street Interactive stock traded up $1.04 during midday trading on Tuesday, reaching $12.44. 3,218,421 shares of the stock traded hands, compared to its average volume of 2,655,729. Rush Street Interactive has a 12 month low of $11.39 and a 12 month high of $34.53. The stock's fifty day moving average is $21.23 and its 200-day moving average is $23.70. The stock has a market cap of $2.88 billion, a P/E ratio of 37.49 and a beta of 1.71.

Read Our Latest Research Report on RSI

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