Monarch Casino Resort Stock Today
| MCRI Stock | USD 68.92 0.53 0.76% |
Performance1 of 100
| Odds Of DistressLess than 9
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Monarch Casino is trading at 68.92 as of the 24th of April 2024. This is a -0.76 percent down since the beginning of the trading day. The stock's open price was 69.45. Monarch Casino has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat weak performance during the last 90 days. Equity ratings for Monarch Casino Resort are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Consumer Services | IPO Date 6th of August 1993 | Category Consumer Cyclical | Classification Consumer Discretionary |
Monarch Casino Resort, Inc., through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada. The company was founded in 1972 and is based in Reno, Nevada. Monarch Casino operates under Resorts Casinos classification in the United States and is traded on NASDAQ Exchange. The company has 18.83 M outstanding shares of which 438.52 K shares are now shorted by private and institutional investors with about 2.66 trading days to cover. More on Monarch Casino Resort
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Follow Valuation Options Odds of Bankruptcy
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Monarch Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Monarch Casino's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Monarch Casino or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | Bob Farahi | ||||
| Thematic Ideas | (View all Themes) | ||||
| Business Concentration | Hotels, Restaurants & Leisure, Consumer Services, Consumer Discretionary, NASDAQ Composite, SP Small-Cap 600, NASDAQ Composite Total, Restaraunts Hotels Motels, Casinos, Consumer Discretionary, Hotels, Restaurants & Leisure, Resorts & Casinos, Consumer Cyclical (View all Sectors) | ||||
| Average Analyst Recommendation Analysts covering Monarch Casino report their recommendations after researching Monarch Casino's financial statements, talking to executives and customers, or listening in on Monarch Casino's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Monarch Casino Resort. The Monarch consensus assessment is calculated by taking the average forecast from all of the analysts covering Monarch Casino. | |||||
Monarch Casino's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Monarch Casino's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Monarch Casino's financial leverage. It provides some insight into what part of Monarch Casino's total assets is financed by creditors.
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Monarch Casino Resort (MCRI) is traded on NASDAQ Exchange in USA. It is located in 3800 South Virginia Street, Reno, NV, United States, 89502 and employs 2,900 people. Monarch Casino is listed under Hotels, Restaurants & Leisure category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.31 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Monarch Casino's market, we take the total number of its shares issued and multiply it by Monarch Casino's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Monarch Casino Resort conducts business under Hotels, Restaurants & Leisure sector and is part of Consumer Discretionary industry. The entity has 18.83 M outstanding shares of which 438.52 K shares are now shorted by private and institutional investors with about 2.66 trading days to cover.
Monarch Casino Resort currently holds about 33.14 M in cash with 173.05 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.75.
Check Monarch Casino Probability Of Bankruptcy
Ownership AllocationMonarch Casino Resort maintains a total of 18.83 Million outstanding shares. Over half of Monarch Casino's outstanding shares are owned by institutional investors. These institutional investors are typically referred to as corporate investors that shop for positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Monarch Casino Resort. Please watch out for any change in the institutional holdings of Monarch Casino Resort as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Monarch Ownership Details
Monarch Stock Price Odds Analysis
Coming from a normal probability distribution, the odds of Monarch Casino jumping above the current price in 90 days from now is about 73.05%. The Monarch Casino Resort probability density function shows the probability of Monarch Casino stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.0071. This indicates Monarch Casino Resort market returns are responsive to returns on the market. As the market goes up or down, Monarch Casino is expected to follow. Additionally, monarch Casino Resort has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Monarch Casino to move above the current price in 90 days from now is about 73.05 (This Monarch Casino Resort probability density function shows the probability of Monarch Stock to fall within a particular range of prices over 90 days) .
Monarch Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Monarch Casino that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Monarch Casino's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Monarch Casino's value.| Instituion | Recorded On | Shares | |
| American Century Companies Inc | 2023-12-31 | 232.5 K | |
| Td Global Investment Solutions – Td Epoch | 2023-12-31 | 216.4 K | |
| Fmr Inc | 2023-12-31 | 193.5 K | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 180 K | |
| Dimensional Fund Advisors, Inc. | 2023-12-31 | 162.3 K | |
| Northern Trust Corp | 2023-12-31 | 149.1 K | |
| Goldman Sachs Group Inc | 2023-12-31 | 147.9 K | |
| Advisory Research Inc | 2023-12-31 | 123.7 K | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 107.4 K | |
| Blackrock Inc | 2023-12-31 | 2.2 M | |
| Davenport & Company Llc | 2023-12-31 | 1.2 M |
Monarch Casino Historical Income Statement
Monarch Casino Resort Income Statement is one of the three primary financial statements used for reporting Monarch's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Monarch Casino Resort revenue and expense. Monarch Casino Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, Monarch Casino's Other Operating Expenses is increasing as compared to previous years. The Monarch Casino's current Operating Income is estimated to increase to about 121.9 M, while Interest Expense is projected to decrease to under 1.5 M. View More FundamentalsMonarch Stock Against Markets
Picking the right benchmark for Monarch Casino stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Monarch Casino stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Monarch Casino is critical whether you are bullish or bearish towards Monarch Casino Resort at a given time. Please also check how Monarch Casino's historical prices are related to one of the top price index indicators.
Be your own money manager
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Monarch Casino Corporate Directors
Monarch Casino corporate directors refer to members of a Monarch Casino board of directors. The board of directors generally takes responsibility for the Monarch Casino's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Monarch Casino's board members must vote for the resolution. The Monarch Casino board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Edwin Koenig | Director of Corporate Devel. and Analysis | Profile | |
| Craig Sullivan | Independent Director | Profile | |
| Yvette Landau | Independent Director | Profile | |
| Paul Andrews | Director | Profile |
How to buy Monarch Stock?
Before investing in Monarch Casino, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Monarch Casino. To buy Monarch Casino stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Monarch Casino. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Monarch Casino stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Monarch Casino Resort stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Monarch Casino Resort stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Monarch Casino Resort, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Monarch Stock please use our How to Invest in Monarch Casino guide.
Already Invested in Monarch Casino Resort?
The danger of trading Monarch Casino Resort is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Monarch Casino is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Monarch Casino. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Monarch Casino Resort is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Monarch Casino Resort offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Monarch Casino's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Monarch Casino Resort Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Monarch Casino Resort Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Monarch Casino Resort. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Complementary Tools for Monarch Stock analysis
When running Monarch Casino's price analysis, check to measure Monarch Casino's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Monarch Casino is operating at the current time. Most of Monarch Casino's value examination focuses on studying past and present price action to predict the probability of Monarch Casino's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Monarch Casino's price. Additionally, you may evaluate how the addition of Monarch Casino to your portfolios can decrease your overall portfolio volatility.
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Is Monarch Casino's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Monarch Casino. If investors know Monarch will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Monarch Casino listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.033 | Dividend Share 1.2 | Earnings Share 4.23 | Revenue Per Share 26.296 | Quarterly Revenue Growth 0.043 |
The market value of Monarch Casino Resort is measured differently than its book value, which is the value of Monarch that is recorded on the company's balance sheet. Investors also form their own opinion of Monarch Casino's value that differs from its market value or its book value, called intrinsic value, which is Monarch Casino's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Monarch Casino's market value can be influenced by many factors that don't directly affect Monarch Casino's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Monarch Casino's value and its price as these two are different measures arrived at by different means. Investors typically determine if Monarch Casino is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Monarch Casino's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.