Bally's (BALY) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bally's in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" BALY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BALY, but not buy additional shares or sell existing shares.
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6 analysts have issued 1-year target prices for Bally's' stock. Their BALY share price forecasts range from $18.00 to $35.00. On average, they anticipate the company's share price to reach $23.63 in the next twelve months. This suggests a possible upside of 60.2% from the stock's current price.
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Bally's' stock was trading at $19.38 at the beginning of 2023. Since then, BALY stock has decreased by 23.9% and is now trading at $14.75.
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Bally's saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 1,810,000 shares, a decrease of 9.5% from the August 15th total of 2,000,000 shares. Based on an average trading volume of 258,200 shares, the short-interest ratio is presently 7.0 days. Approximately 4.6% of the company's stock are short sold.
View Bally's' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our BALY earnings forecast.

Bally's Co. (NYSE:BALY) posted its quarterly earnings results on Thursday, August, 3rd. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.16) by $0.09. The firm had revenue of $606.21 million for the quarter, compared to the consensus estimate of $613 million. Bally's had a negative net margin of 14.16% and a negative trailing twelve-month return on equity of 7.85%.

ETFs with the largest weight of Bally's (NYSE:BALY) stock in their portfolio include Roundhill Sports Betting & iGaming ETF (BETZ).Pacer BlueStar Digital Entertainment ETF (ODDS).

Bally's updated its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.50 billion-$2.60 billion, compared to the consensus revenue estimate of $2.53 billion.

Bally's trades on the New York Stock Exchange (NYSE) under the ticker symbol "BALY."

Bally's' stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.37%), Vaughan Nelson Investment Management L.P. (2.76%), Sycale Advisors NY LLC (2.71%), Deroy & Devereaux Private Investment Counsel Inc. (1.51%), State Street Corp (1.42%) and Geode Capital Management LLC (1.20%). Insiders that own company stock include General LP Standard, Jeffrey W Rollins, Marc A Crisafulli, Robeson Reeves, Stephen H Capp and Terrence Downey.
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Shares of BALY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BALY stock can currently be purchased for approximately $14.75.

Bally's (NYSE:BALY) has a market capitalization of $673.04 million and generates $2.26 billion in revenue each year. The company earns $-425,550,000.00 in net income (profit) each year or ($6.10) on an earnings per share basis.

The company employs 10,500 workers across the globe.

Bally's' mailing address is 100 Westminster Street, Providence RI, 02903. The official website for the company is www.twinriverwwholdings.com. The company can be reached via phone at (401) 475-8474 or via email at investorrelations@twinriver.com.