Alert: Positive Investment/Fundamental Signals (12/6/23)-Golden Entertainment Inc (NASDAQ: GDEN)


Recent extremely meaningful positive changes in investment behavior have benefitted Golden Entertainment Inc (NASDAQ: GDEN): its shorter term price trend turned up, and positive upside/downside volume developed.

Notable positive changes in fundamentals have recently occurred for Golden Entertainment Inc (NASDAQ: GDEN). Positive developments: the consensus estimate for December, 2024 increased significantly, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred. Negative development: significant quarterly sales deceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of F. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, GDEN is expected to continue to be a Value Builder.

Golden Entertainment has a current Value Trend Rating of F (Lowest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Golden Entertainment has a slightly negative Appreciation Score of 30 and a poor Power Rating of 29, resulting in the Lowest Value Trend Rating.

Recent Price Action

Golden Entertainment Inc (NASDAQ: GDEN) stock increased 1.5% on 12/6/23. The shares closed at $37.66. Trading volume in this advance was normal. Relative to the market the stock has been weak over the last nine months but has risen 4.1% during the last week.

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