Golden Entertainment Reports 2024 Third Quarter Results
GDEN Stock | USD 34.00 0.12 0.35% |
About 58% of all Golden Entertainment's investors are looking to take a long position. The analysis of the overall prospects from investing in Golden Entertainment suggests that some traders are, at the present time, interested. Golden Entertainment's investing sentiment overview a quick insight into current market opportunities from investing in Golden Entertainment. Many technical investors use Golden Entertainment stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Golden |
LAS VEGAS, November 07, 2024--Golden Entertainment, Inc. today reported financial results for the third quarter ended September 30, 2024. The Company reported third quarter revenue of 161.2 million, net income of 5.2 million and Adjusted EBITDA of 34.0 million. In addition, on November 5, 2024, the Companys Board of Directors authorized the Companys recurring quarterly cash dividend of 0.25 per share of the Companys outstanding comm
Read at finance.yahoo.com
Golden Entertainment Current Investor Sentiment
Panic Vs Confidence
58
Panic | Confidence |
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use Golden Entertainment's input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward Golden Entertainment.
News SentimentBullish | Hype SentimentNeutral | Insider SentimentDisposing |
Golden Entertainment Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Golden Entertainment can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Golden Entertainment Historical Investor Sentiment
Investor biases related to Golden Entertainment's public news can be used to forecast risks associated with an investment in Golden. The trend in average sentiment can be used to explain how an investor holding Golden can time the market purely based on public headlines and social activities around Golden Entertainment. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Golden Entertainment's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Golden Entertainment and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Golden Entertainment news discussions. The higher the estimate score, the more favorable the investor's outlook on Golden Entertainment.
Golden Entertainment Fundamental Analysis
We analyze Golden Entertainment's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Golden Entertainment using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Golden Entertainment based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Total Asset
Total Asset Comparative Analysis
Golden Entertainment is currently under evaluation in total asset category among its peers. Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Golden Entertainment Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Golden Entertainment stock to make a market-neutral strategy. Peer analysis of Golden Entertainment could also be used in its relative valuation, which is a method of valuing Golden Entertainment by comparing valuation metrics with similar companies.
Peers
Golden Entertainment Related Equities
HGV | Hilton Grand | 4.93 | ||||
CZR | Caesars Entertainment | 4.84 | ||||
MLCO | Melco Resorts | 2.02 | ||||
MCRI | Monarch Casino | 1.69 | ||||
CNTY | Century Casinos | 1.37 | ||||
FLL | Full House | 1.03 | ||||
BALY | Ballys Corp | 0.23 | ||||
RRR | Red Rock | 0.71 | ||||
MSC | Studio City | 5.00 |
Check out Golden Entertainment Hype Analysis, Golden Entertainment Correlation and Golden Entertainment Performance. To learn how to invest in Golden Stock, please use our How to Invest in Golden Entertainment guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Hotels, Restaurants & Leisure space 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 Golden Entertainment. If investors know Golden 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 Golden Entertainment 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 (0.98) | Dividend Share 0.75 | Earnings Share 1.31 | Revenue Per Share 25.663 | Quarterly Revenue Growth (0.37) |
The market value of Golden Entertainment is measured differently than its book value, which is the value of Golden that is recorded on the company's balance sheet. Investors also form their own opinion of Golden Entertainment's value that differs from its market value or its book value, called intrinsic value, which is Golden Entertainment'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 Golden Entertainment's market value can be influenced by many factors that don't directly affect Golden Entertainment'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 Golden Entertainment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Golden Entertainment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Golden Entertainment'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.