Shares of Caesars Entertainment Inc. (NASDAQ:CZR) traded at a new 52-week high today of $117.27. This new high was reached on below average trading volume as 145,000 shares traded hands, while the average 30-day volume is approximately 2.5 million shares.
Caesars Entertainment Includes around 50 domestic gaming properties across Las Vegas (40% of 2021 estimated EBITDAR before corporate and digital expenses) and regional (60%) markets. Additionally, the company hosts international properties, which generate near break-even to slightly positive EBITDAR. Caesars’ U.S. presence roughly doubled with the 2020 acquisition by Eldorado, which built its first casino in Reno, Nevada, in 1973 and expanded its presence through prior acquisitions to over 20 properties before merging with legacy Caesars. Caesars’ brands include Caesars, Harrah’s, Tropicana, Bally’s, Isle, and Flamingo. Also, the company owns William Hill, a digital sports betting platform.
In the past 52 weeks, shares of Caesars Entertainment Inc. have traded between a low of $43.07 and a high of $117.27 and is now at $116.76, which is 171% above that low price.
Caesars Entertainment Inc. (NASDAQ:CZR) has potential upside of 11.6% based on a current price of $116.76 and analysts’ consensus price target of $130.29.
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