Full House Resorts stock hits 52-week low at $3.01 amid market challenges

Full House Resorts, Inc. (FLL) stock has tumbled to a 52-week low, touching down at $3.01, as the company faces a turbulent market environment. With a market capitalization of $109 million and a concerning debt-to-equity ratio of 13x, the casino operator’s financial position appears strained. This latest price point underscores a significant downturn for the casino and resort operator, which has seen its stock value contract by 39.28% over the past year. According to InvestingPro analysis, the stock’s RSI indicates oversold conditions, while revenue grew by 21% in the last twelve months. Investors are closely monitoring Full House Resorts as it navigates through industry headwinds, with the hope that strategic initiatives may eventually steer the company back towards a path of growth and recovery. With 14 additional key insights available on InvestingPro, investors can access comprehensive analysis to make more informed decisions about FLL’s potential recovery.

In other recent news, Full House Resorts Inc (NASDAQ:FLL). reported a challenging fourth quarter for 2024, with earnings per share (EPS) of -$0.35, missing the forecasted -$0.23. Revenue also fell short of expectations, coming in at $72.96 million compared to the projected $75.78 million. In a strategic move, the company has switched its independent registered public accounting firm to Ernst & Young LLP for the fiscal year ending December 31, 2025, replacing Deloitte & Touche LLP. Analyst Chad Beynon from Macquarie maintained a Neutral rating on the company, noting a 42% year-over-year increase in overall company EBITDA, despite a property EBITDA shortfall. Citizens JMP analyst Jordan Bender revised the price target for Full House Resorts to $5.00 from $6.00, maintaining a Market Outperform rating, while expressing caution about the property’s near-term performance. Additionally, Full House Resorts extended its CFO Elaine Guidroz’s contract until August 4, 2025, signaling stability in financial leadership. These developments come as the company continues to focus on expanding its Chamonix and American Place properties.

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