Extremely important positive changes in investment behavior have recently occurred for Boyd Gaming Corp (NYSE: BYD): its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and positive upside/downside volume developed.
Boyd Gaming Corp (NYSE: BYD). Minimal positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, BYD is expected to continue to be a major Value Builder.
Boyd Gaming has a current Value Trend Rating of C (Low Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Boyd Gaming has a slightly positive Appreciation Score of 61 but a poor Power Rating of 29, with the Low Neutral Value Trend Rating the result.
Recent Price Action
Boyd Gaming Corp (NYSE: BYD) stock closed at $60.87 on 7/31/24 after a slight decline of -0.2%. However, this decline was accompanied by below average trading volume at 82% of normal. Relative to the market the stock has been weak over the last nine months but has risen 1.7% during the last week.
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