Use Empire to protect against small markets fluctuations. The stock experiences very speculative upward sentiment.. Check odds of Empire to be traded at $5.61 in 30 days
Empire Price and Market Media
The median price of Empire for the period between Fri, Jan 2, 2015 and Sun, Feb 1, 2015 is 6.44 with a coefficient of variation of 7.51. The daily time series for the period is distributed with a sample standard deviation of 0.49, arithmetic mean of 6.48, and mean deviation of 0.34. The Stock received some media coverage during the period.
Empire Resorts Inc [NYNY] is traded on NASDAQ General Markets in USA. It is located in Monticello, NY and employs 288 people. The company currently falls under 'Small-Cap' category with current market capitalization of 246.61 M. Empire Resorts Inc conducts business under Services sector and is part of Resorts and Casinos industry. This company has 39.4 M outstanding shares of which 1.93 M shares are now shorted by private and institutional investors with about 13.8 trading days to cover.
Empire Resorts has high likelihood to experience some financial distress in the next 2 years
The company currently holds 47.6 M in liabilities with Debt to Equity (D/E) ratio of 1.53 which is about average as compared to similar companies. Empire Resorts Inc has Current Ratio of 0.62 indicating that it has a negative working capital and may not be able to pay financial obligations when they are due.
This company reported previous year revenue of 65.13 M. Net Loss for the year was (39.93 M) with profit before overhead, payroll, taxes, and interest of 12.36 M.
EMPIRE RESORTS IN currently holds about 9.22 M in cash with (13.3 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.23.
Roughly 62.0% of Empire Resorts Inc outstanding shares are owned by corporate insiders
Correlation analysis and pair trading evaluation for Empire and Las Vegas Sands. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return