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RRR
Stock ticker: NASDAQ
AS OF
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Capitalization
2.67B

RRR Red Rock Resorts Forecast, Technical & Fundamental Analysis

a holding company whose subsidiary operates gaming and entertainment facilities

Industry CasinosGaming
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for RRR with price predictions
07:00 PM EST Dec 06, 2023

Momentum Indicator for RRR turns positive, indicating new upward trend

RRR saw its Momentum Indicator move above the 0 level on December 06, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 79 similar instances where the indicator turned positive. In of the 79 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

RRR moved above its 50-day moving average on November 10, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for RRR crossed bullishly above the 50-day moving average on November 14, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RRR advanced for three days, in of 352 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 312 cases where RRR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 70 cases where RRR's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for RRR turned negative on December 05, 2023. 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 38 similar instances when the indicator turned negative. In of the 38 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where RRR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very 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.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock better than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. RRR’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (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 Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly 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 (21.552) is normal, around the industry mean (11.573). P/E Ratio (13.089) is within average values for comparable stocks, (57.389). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (0.271). Dividend Yield (0.022) settles around the average of (0.053) among similar stocks. P/S Ratio (3.666) is also within normal values, averaging (3.472).

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Las Vegas Sands Corp (NASDAQ:LVS), MGM Resorts International (NASDAQ:MGM), Wynn Resorts Limited (NASDAQ:WYNN), Melco Resorts & Entertainment Limited (NASDAQ:MLCO).

Industry description

Casinos/Gaming includes companies that operate casinos, gaming services, horse racing and harness racing facilities. Think Las Vegas Sands Corp., MGM Resorts International and Wynn Resorts, Ltd. In periods of strong economic growth, consumers tend to spend on discretionary/leisure activities like gambling or games; but consumption is likely to slow down when there’s economic sluggishness.

Market Cap

The average market capitalization across the Casinos/Gaming Industry is 5B. The market cap for tickers in the group ranges from 152.98K to 35.53B. LVS holds the highest valuation in this group at 35.53B. The lowest valued company is ROBK at 152.98K.

High and low price notable news

The average weekly price growth across all stocks in the Casinos/Gaming Industry was -0%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was -14%. KENGF experienced the highest price growth at 39%, while SLNA experienced the biggest fall at -21%.

Volume

The average weekly volume growth across all stocks in the Casinos/Gaming Industry was 61%. For the same stocks of the Industry, the average monthly volume growth was 186% and the average quarterly volume growth was 609%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 59
Price Growth Rating: 65
SMR Rating: 74
Profit Risk Rating: 82
Seasonality Score: 31 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published Earnings

RRR is expected to report earnings to fall 26.40% to 44 cents per share on January 31

Red Rock Resorts RRR Stock Earnings Reports
Q4'23
Est.
$0.44
Q3'23
Beat
by $0.19
Q2'23
Beat
by $0.18
Q1'23
Beat
by $0.26
Q4'22
Beat
by $0.96
The last earnings report on November 07 showed earnings per share of 60 cents, beating the estimate of 40 cents. With 338.78K shares outstanding, the current market capitalization sits at 2.67B.
A.I.Advisor
published Dividends

RRR paid dividends on September 29, 2023

Red Rock Resorts RRR Stock Dividends
А dividend of $0.25 per share was paid with a record date of September 29, 2023, and an ex-dividend date of September 14, 2023. Read more...
A.I. Advisor
published General Information

General Information

a holding company whose subsidiary operates gaming and entertainment facilities

Industry CasinosGaming

Profile
Fundamentals
Details
Industry
Hotels Or Resorts Or Cruiselines
Address
1505 South Pavilion Center Drive
Phone
+1 702 495-3000
Employees
7850
Web
http://www.redrockresorts.com
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RRR and

Correlation & Price change

A.I.dvisor indicates that over the last year, RRR has been closely correlated with BYD. These tickers have moved in lockstep 70% of the time. This A.I.-generated data suggests there is a high statistical probability that if RRR jumps, then BYD could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RRR
1D Price
Change %
RRR100%
+2.36%
BYD - RRR
70%
Closely correlated
-0.07%
CZR - RRR
66%
Closely correlated
-1.04%
MGM - RRR
64%
Loosely correlated
+1.13%
GDEN - RRR
63%
Loosely correlated
+2.18%
PENN - RRR
62%
Loosely correlated
-1.81%
More

Groups containing RRR

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RRR
1D Price
Change %
RRR100%
+2.36%
RRR
(undefined stocks)
85%
Closely correlated
+0.60%
gambling
(undefined stocks)
80%
Closely correlated
+0.02%
hospitality
(undefined stocks)
74%
Closely correlated
+1.34%
resorts
(undefined stocks)
68%
Closely correlated
+2.10%
entertainment
(undefined stocks)
68%
Closely correlated
+0.99%
More