JMP Securities analyst Jordan Bender is sticking with his Market Outperform rating on Full House Resorts (NASDAQ:FLL) but has adjusted the price target from $7 to $6. This change is in line with the overall analyst consensus of a Moderate Buy for the company, which has a price target consensus of $6.00. The new price target suggests a potential upside of 12.99% from the current levels. Despite the adjustment, Bender’s positive outlook on Full House Resorts’ market performance remains unchanged.
Positive Momentum: FLL Stock Sees Significant Increase on March 6, 2024
On March 6, 2024, FLL stock showed some positive momentum as it traded near the bottom of its 52-week range and below its 200-day simple moving average. Despite these factors, the stock price saw a significant increase, rising by $0.30 since the market last closed, representing a 6.13% increase. The stock opened at $4.98 on March 6, which was $0.09 higher than its previous close. This opening price indicated a strong start for FLL stock on that day, setting the stage for a potentially bullish trading session. Investors and analysts may have been surprised by the positive price momentum of FLL stock on March 6, considering its position relative to its 52-week range and moving average. This price movement could be attributed to various factors, such as positive news or market sentiment surrounding the company, industry trends, or broader market conditions. It is important for investors to closely monitor the performance of FLL stock in the coming days to see if this upward momentum continues or if there are any potential reversals. Analyzing key technical indicators, market trends, and company news can help investors make informed decisions about their investment strategies regarding FLL stock. Overall, the performance of FLL stock on March 6, 2024, was notable for its significant price increase despite trading near the bottom of its 52-week range and below its 200-day simple moving average. This unexpected price movement highlights the dynamic nature of the stock market and the importance of staying informed and vigilant as an investor.
FLL Stock Performance Analysis: Revenue and Net Income Trends in 2024
On March 6, 2024, FLL stock showed mixed performances based on the financial data provided by CNN Money. The company’s total revenue for the past year was $163.28 million, which decreased by 9.37% compared to the previous year. However, the total revenue for the third quarter was $71.54 million, showing an increase of 20.48% since the previous quarter. In terms of net income, FLL reported a net loss of -$14.80 million for the past year, representing a significant decrease of 226.47% compared to the previous year. However, the net income for the third quarter was $4.59 million, showing an increase of 182.02% since the previous quarter. Earnings per share (EPS) for FLL stock were -$0.43 for the past year, which decreased by 228.63% compared to the previous year. On the other hand, the EPS for the third quarter was $0.13, showing an increase of 177.14% since the previous quarter. Overall, the financial data indicates that FLL stock has experienced some challenges in terms of revenue and net income over the past year. However, the company showed some improvement in the third quarter, with increases in total revenue, net income, and EPS compared to the previous quarter. Investors and analysts will likely be closely monitoring FLL’s performance in the coming quarters to see if the positive trends continue or if the company faces further challenges. It will be interesting to see how FLL stock performs in the future as the company navigates the changing market conditions and economic landscape.
