Century Casinos stock hits 52-week low at $1.92

In a challenging year for the gaming industry, Century Casinos , Inc. (NASDAQ:CNTY) stock has reached a 52-week low, touching down at $1.92. According to InvestingPro data, the company’s financial health score is currently rated as WEAK, with a concerning debt-to-capital ratio of 86%. This price level reflects a significant downturn for the company, which has seen its stock value decrease by 31.76% over the past year. InvestingPro analysis indicates the stock is currently in oversold territory, with a beta of 2.72 showing high volatility compared to the market. Investors have been closely monitoring the stock as it navigates through a period marked by economic headwinds and shifting regulatory landscapes that have impacted the broader casino and gaming sector. Get access to 10+ additional exclusive ProTips and comprehensive analysis with an InvestingPro subscription. The 52-week low serves as a critical indicator for the company’s performance and investor sentiment, as Century Casinos continues to strategize for a potential rebound in the coming months. With revenue growth of 14% in the last twelve months but negative free cash flow yield, investors seeking deeper insights can access the detailed Pro Research Report available exclusively on InvestingPro.

In other recent news, Century Casinos reported disappointing fourth-quarter results, falling short of analyst expectations. The company experienced a net loss of $64.9 million, or $2.11 per share, a significant increase from the $10.8 million, or $0.36 per share, loss in the same period last year. Analysts had anticipated a much smaller loss of $0.46 per share. Revenue for the quarter declined by 4% year-over-year to $137.8 million, missing the consensus estimate of $142.62 million. The company attributed the weak performance to macroeconomic factors affecting consumer spending, particularly among retail and low-end customers. Additionally, Century Casinos recorded a $43.7 million impairment charge related to goodwill at its Nugget Casino (EPA:CASP) Resort in Nevada, citing market conditions and performance issues. Despite the challenges, the company opened a new land-based casino and hotel in Caruthersville, Missouri, on November 1, 2024, marking a significant development. Century Casinos ended the year with $98.8 million in cash and cash equivalents, a decrease from $171.3 million at the end of 2023.

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