(MCRI) Monarch Casino & Resort - Ratings and Ratios

Monarch Casino & Resort, Inc. operates as a prominent gaming and hospitality company, leveraging its subsidiaries to manage hotels and casinos across key locations. The companys flagship properties include the Atlantis Casino Resort Spa in Reno, Nevada, and the Monarch Casino Resort Spa in Black Hawk, Colorado, catering to a diverse clientele seeking entertainment and leisure. Beyond its operational casinos, the company holds significant real estate assets, comprising separate parcels of land that present potential for future development or strategic investment. Incorporated in 1993 and headquartered in Reno, Nevada, Monarch Casino has established itself within the gaming industry. For more information, visit their official website at https://www.monarchcasino.com.

As a publicly traded company listed on NASDAQ under the ticker symbol MCRI, Monarch Casino & Resort Inc. is categorized within the Casinos & Gaming sub-industry according to the GICS classification. With its common stock offering exposure to the US market, the companys financial performance and operational metrics are closely monitored by investors and analysts alike.

Analyzing the provided technical data, MCRIs stock is currently priced at $82.80, slightly below its 20-day Simple Moving Average (SMA) of $83.41, indicating a potential short-term bearish trend. However, it remains above its 50-day SMA of $79.53 and 200-day SMA of $80.65, suggesting a longer-term bullish outlook. The Average True Range (ATR) stands at 1.67, or 2.02%, signifying moderate volatility. The stock has traded within a 52-week range of $65.33 to $93.82, highlighting its resilience and investor interest. By examining the fundamental data, the companys market capitalization is approximately $1.57 billion, with a price-to-earnings ratio of 21.29 and a forward P/E of 29.50, indicating expectations for future growth. The return on equity is 14.26%, demonstrating a satisfactory level of profitability.

Forecasting MCRIs future performance involves synthesizing both technical and fundamental analyses. Given the current technical indicators and fundamental metrics, a plausible scenario is that MCRI will continue to navigate within its established trend, potentially testing its 52-week high in the event of positive market sentiment or favorable industry developments. Conversely, failure to breach resistance levels could result in a retracement towards its SMAs. Fundamental analysis suggests that the companys operational cash flow and strategic land holdings could provide a foundation for future growth, potentially through expansion or optimization of its existing properties. Thus, a forecast for MCRI could involve a gradual appreciation in stock price, driven by sustained earnings growth and prudent capital allocation, potentially reaching $90-$95 in the next 6-12 months, contingent upon maintaining its current ROE and expanding its market share within the Casinos & Gaming sector.