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Casino Stocks To Watch Today - November 8th

DraftKings logo with Consumer Discretionary background
Image from MarketBeat Media, LLC.

Key Points

  • DraftKings, MGM Resorts, PENN Entertainment, Rush Street Interactive, and Red Rock Resorts were flagged as casino stocks with the highest recent dollar trading volume.
  • DraftKings fell $5.01 to $18.51 on nearly 69.9 million shares traded—well above its average volume of 12.3 million. MGM also declined, slipping $0.26 to $32.28.
  • PENN, Rush Street Interactive, and Red Rock Resorts rose modestly on Friday, closing at $17.43, $12.26, and $48.22, respectively.
  • Five stocks to consider instead of DraftKings.

DraftKings, MGM Resorts International, PENN Entertainment, Rush Street Interactive, and Red Rock Resorts are the five Casino stocks to watch today, according to MarketBeat's stock screener tool. Casino stocks are shares in publicly traded companies that operate casinos, resorts, or other gambling businesses, including online betting and gaming platforms. Their performance can depend on consumer spending, tourism, regulation, and gambling revenues, so they may be sensitive to economic conditions and legal changes. These companies had the highest dollar trading volume of any Casino stocks within the last several days.

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 stock traded down $5.01 during trading hours on Friday, reaching $18.51. 69,879,748 shares of the stock traded hands, compared to its average volume of 12,319,586. DraftKings has a 1-year low of $16.55 and a 1-year high of $36.98. The business has a fifty day moving average price of $21.51 and a 200 day moving average price of $24.06. 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 capitalization of $9.19 billion, a PE ratio of -23.14, a PEG ratio of 2.43 and a beta of 1.65.

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.

MGM Resorts International stock traded down $0.26 during midday trading on Friday, reaching $32.28. The stock had a trading volume of 4,741,805 shares, compared to its average volume of 6,048,825. The firm's fifty day simple moving average is $33.63 and its two-hundred day simple moving average is $38.93. MGM Resorts International has a twelve month low of $26.71 and a twelve month high of $51.59. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.24 and a quick ratio of 1.20. The firm has a market cap of $8.17 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 1.93 and a beta of 1.34.

Read Our Latest Research Report on MGM

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.

NASDAQ PENN traded up $0.09 on Friday, hitting $17.43. 4,343,204 shares of the stock were exchanged, compared to its average volume of 3,041,405. The company's 50-day moving average price is $16.01 and its two-hundred day moving average price is $16.86. The company has a debt-to-equity ratio of 3.79, a current ratio of 0.89 and a quick ratio of 0.89. PENN Entertainment has a 52-week low of $11.65 and a 52-week high of $22.36. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of -193.65, a P/E/G ratio of 0.45 and a beta of 1.40.

Read Our Latest Research Report on PENN

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.

Shares of RSI traded up $0.35 during mid-day trading on Friday, reaching $12.26. The company's stock had a trading volume of 4,998,501 shares, compared to its average volume of 5,153,364. The business has a fifty day moving average of $20.11 and a 200 day moving average of $23.56. The company has a market cap of $2.84 billion, a price-to-earnings ratio of 37.14 and a beta of 1.80. Rush Street Interactive has a 1 year low of $11.27 and a 1 year high of $34.53.

Read Our Latest Research Report on RSI

Red Rock Resorts (RRR)

Red Rock Resorts, Inc., through its interest in Station Casinos LLC, develops and operates casino and entertainment properties in the United States. The company owns and operates gaming and entertainment facilities, including Durango Casino & Resort and smaller casinos in the Las Vegas regional market.

Shares of Red Rock Resorts stock traded up $0.26 during midday trading on Friday, hitting $48.22. The company's stock had a trading volume of 957,459 shares, compared to its average volume of 812,187. The firm has a market capitalization of $5.06 billion, a P/E ratio of 24.35, a PEG ratio of 4.35 and a beta of 1.42. The stock has a 50-day simple moving average of $51.53 and a 200-day simple moving average of $57.85. The company has a quick ratio of 0.63, a current ratio of 0.84 and a debt-to-equity ratio of 13.23. Red Rock Resorts has a 1-year low of $46.29 and a 1-year high of $68.99.

Read Our Latest Research Report on RRR

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