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Dave & Buster's (PLAY, $38.28) get rating upgrade at Truist
Shares of Dave & Buster's Entertainment were rising Friday, after a rating boost at Truist.
Analysts at Truist upgraded the entertainment stock to buy from hold.
According to analyst Jake Bartlett, while the company is still in recovery mode, it will be able to weather potential headwinds. Bartlett sees Dave & Buster's as “relatively well positioned” to manage cost pressures including labor, due to new operating efficiencies and previously announced hiring initiatives, due to its low costs as a percentage of total sales.
Earlier this year, the company’s shares got a price target hike to $53 from $46 a share from analysts at Truist, as first-quarter results and current trends reflected "rapid sales recovery" , according to the analysts.
Momentum Indicator for PLAY turns negative, indicating new downward trend
PLAY saw its Momentum Indicator move below the 0 level on April 29, 2022. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 85 similar instances where the indicator turned negative. In 69 of the 85 cases, the stock moved further down in the following days. The odds of a decline are at 81%.
Throughout the month of 04/26/22 - 05/26/22, the price experienced a -18% Downtrend, while the week of 05/19/22 - 05/26/22 shows a +6% Uptrend.
The Moving Average Convergence Divergence Histogram (MACD) for PLAY turned negative on April 27, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In 32 of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at 68%.
PLAY moved below its 50-day Moving Average on May 09, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for PLAY crossed bearishly below the 50-day moving average on May 12, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 9 of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 64%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PLAY declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 76%.
The Aroon Indicator for PLAY entered a downward trend on May 26, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where PLAY's RSI Indicator exited the oversold zone, 17 of 26 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 65%.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 41 of 64 cases where PLAY's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 64%.
Following a +23.89% 3-day Advance, the price is estimated to grow further. Considering data from situations where PLAY advanced for three days, in 211 of 312 cases, the price rose further within the following month. The odds of a continued upward trend are 68%.
PLAY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 75%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.1.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PLAY’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock worse than average.
The Tickeron PE Growth Rating for this company is 94 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 89 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (6.725) is normal, around the industry mean (4.853). P/E Ratio (17.212) is within average values for comparable stocks, (37.108). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.786). PLAY has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.036). P/S Ratio (1.438) is also within normal values, averaging (125.328).
The Tickeron Price Growth Rating for this company is 61 (best 1 - 100 worst), indicating fairly steady price growth. PLAY’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is 49 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
Movies/entertainment industry include companies that produce and distribute motion pictures, and companies that operate general entertainment facilities like amusement parks and bowling centers. Some companies in this industry also have professional sports franchises. Live Nation Entertainment, Inc., Liberty Media Corp. and Viacom Inc. are some of the biggest companies in this space.
The average market capitalization across the Movies/Entertainment Industry is 5.5B. The market cap for tickers in the group ranges from 1.3K to 185B. DIS holds the highest valuation in this group at 185B. The lowest valued company is XFCI at 1.3K.
The average weekly price growth across all stocks in the Movies/Entertainment Industry was -1.31%. For the same Industry, the average monthly price growth was -8.69%, and the average quarterly price growth was -3.91%. UMGP experienced the highest price growth at 31.93%, while XFCI experienced the biggest fall at -98.57%.
- 5/6/22 5:04 AM: Dave & Buster's Entertainment (PLAY, $44.08) was a top loser this week, declining -5.81%
- 4/28/22 6:02 AM: Dave & Buster's Entertainment (PLAY, $45.96) was a top loser this week, declining -5.24%
- 4/6/22 8:51 AM: Dave & Buster's Entertainment (PLAY, $46.4) was a top loser this week, declining -6.32%. Expect a Downtrend reversal
The average weekly volume growth across all stocks in the Movies/Entertainment Industry was -33.09%. For the same stocks of the Industry, the average monthly volume growth was -6.21% and the average quarterly volume growth was 48.29%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the MA200MA50 Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 46%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.21.
37 stocks in the group of tickers exhibit a similar negative trend based on the Aroon indicator with an average likelihood of 76%.
The most notable companies in this group are AMC Entertainment Holdings (NYSE:AMC), Eros STX Global Corp (NYSE:ESGC).
The average market capitalization across the group is 1.9B. The market cap for tickers in the group ranges from 0 to 20.8B. LYV holds the highest valuation in this group at 20.8B. The lowest valued company is AEMC at 0.
The average weekly price growth across all stocks in the group was 1.01%. For the same group, the average monthly price growth was 56.69%, and the average quarterly price growth was -21.46%. PYBX experienced the highest price growth at 103.82%, while ECXJ experienced the biggest fall at -48.89%.
- 5/25/22 7:32 AM: Cinemark Holdings (CNK, $15.05) was a top loser this week, declining -7.89%
- 5/25/22 7:32 AM: Drive Shack (DS, $1.29) is a top weekly loser for penny stocks, falling -21.82%
- 5/24/22 7:00 AM: Cineworld Group (CNNWF, $0.31) was a top weekly gainer, with a +10.07% jump
The average weekly volume growth across all stocks in the group was 794.79%. For the same stocks of the group, the average monthly volume growth was 79.73% and the average quarterly volume growth was 488.92%
- 5/20/22 5:22 AM: The volume for Genius Brands International stock increased for two consecutive days, resulting in a record-breaking daily growth of 1,020% of the 65-Day Volume Moving Average
- 5/19/22 8:18 AM: The volume for Genius Brands International stock increased for one day, resulting in a record-breaking daily growth of 1,826% of the 65-Day Volume Moving Average
- 5/17/22 6:45 AM: The volume for Drive Shack stock increased for a consecutive 5 days, with an average daily gain of 135%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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