Technical Signal Analysis for Boyd Gaming Corporation (NYSE:BYD)

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Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Boyd Gaming Corporation (NYSE:BYD) for the period of 9-Day stands at 88.32% while the stochastic %D for the same period stands at 89.74%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Boyd Gaming Corporation (NYSE:BYD) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for Boyd Gaming Corporation (NYSE:BYD) while 20-100 Day MACD Oscillator indicates “Buy”.

Bollinger band is a volatility indicator of a certain security, currently Boyd Gaming Corporation (NYSE:BYD)’s 20-Day Bollinger Band indicates “Hold”.

About Company

Headquartered in Las Vegas, Boyd Gaming Corporation is a leading diversified owner and operator of 22 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi and New Jersey.

Previous Day Activity Analysis

On the last trading day, Boyd Gaming Corporation (NYSE:BYD) opened the session at $27.84 and after going up 0.76% closed at $27.9. The stock gained 0.06 points in the last trade.

Boyd Gaming Corporation (NYSE:BYD)’s stock fluctuated in the range of $27.61 and $28.31 during the previous active session. Boyd Gaming Corporation (NYSE:BYD) traded with the volume of 1.17 Million with average volume of 1.17 Million. The stock has HIGH volatility on the last trading session.

Currently the Beta for the company remains at 1.81 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.57 and 68.15 respectively.

Currently the Insider Ownership of the shares of Boyd Gaming Corporation (NYSE:BYD) is at 1% and the shares outstanding are 113.24 Million.

Important Ratio Analysis

Some important ratios to consider here for Boyd Gaming Corporation (NYSE:BYD) are discussed below:

Dividend yield of Boyd Gaming Corporation (NYSE:BYD) stands at 0.72% whereas Price to Earnings P/E ratio stands at 13.68 while Forward P/E shows the value of 18.85.

The PEG ratio (Price to Earning to Growth) emits the value of 0.47. The Price to Sale P/S and Price to Book P/B shows the value of 1.38 and 3.14 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 19.38 and 31.53 correspondingly.

The Quick Ratio of Boyd Gaming Corporation (NYSE:BYD) stands at 0.7 while the Current Ratio depicts the value of 0.8.

Return on Assets ROA of Boyd Gaming Corporation (NYSE:BYD) is at 9.5% whereas, Return on Equity ROE and Return of Investment ROI of Boyd Gaming Corporation (NYSE:BYD) stand at 45.4% and 10% respectively.

Stock Performance Analysis

The stock performance of Boyd Gaming Corporation (NYSE:BYD) on the basis of 5 day trade show the jump of 1.82% whereas, the monthly performance of the stock shows increase of 6.94%.

The quarterly performance of the stock remained in green zone with the value of 8.48% while six month performance of the shares of Boyd Gaming Corporation (NYSE:BYD) remained bullish with the count of 24.78%.

The yearly and YTD performance of Boyd Gaming Corporation (NYSE:BYD) remained up at 46.84% and 38.32% respectively.