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

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bally's in the last year. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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.
View BALY analyst ratings or view top-rated stocks.

8 brokerages have issued 1 year target prices for Bally's' shares. Their BALY share price forecasts range from $18.00 to $45.00. On average, they predict the company's stock price to reach $25.63 in the next year. This suggests a possible upside of 59.2% from the stock's current price.
View analysts price targets for BALY or view top-rated stocks among Wall Street analysts.

Bally's' stock was trading at $19.38 at the beginning of the year. Since then, BALY stock has decreased by 16.9% and is now trading at $16.10.
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Bally's saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 1,920,000 shares, a decrease of 8.6% from the April 30th total of 2,100,000 shares. Based on an average trading volume of 321,700 shares, the short-interest ratio is presently 6.0 days. Currently, 4.8% of the shares of the stock are sold short.
View Bally's' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our BALY earnings forecast.

Bally's Co. (NYSE:BALY) announced its earnings results on Tuesday, May, 9th. The company reported ($0.74) earnings per share for the quarter, missing analysts' consensus estimates of ($0.31) by $0.43. The firm had revenue of $598.72 million for the quarter, compared to the consensus estimate of $594.49 million. Bally's had a negative net margin of 10.80% and a negative trailing twelve-month return on equity of 4.13%.

ETFs with the largest weight of Bally's (NYSE:BALY) stock in their portfolio include Roundhill Sports Betting & iGaming ETF (BETZ), B.A.D. Etf (BAD), Pacer BlueStar Digital Entertainment ETF (ODDS) and First Trust S-Network Streaming and Gaming ETF (BNGE).Ranger Equity Bear ETF (HDGE).

Bally's issued an update on its FY 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.50 billion-$2.60 billion, compared to the consensus revenue estimate of $2.52 billion.

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

Bally's' stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.78%), Vaughan Nelson Investment Management L.P. (2.63%), Sycale Advisors NY LLC (1.99%), Deroy & Devereaux Private Investment Counsel Inc. (1.49%), State Street Corp (1.50%) and Geode Capital Management LLC (1.28%). 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 $16.10.

Bally's (NYSE:BALY) has a market capitalization of $743.02 million and generates $2.26 billion in revenue each year. The company earns $-425,550,000.00 in net income (profit) each year or ($4.64) 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.