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Full House Resorts, Inc. (FLL) stock has touched a 52-week low, trading at $3.7, as the company faces a turbulent market environment. According to InvestingPro data, the company’s financial health score is rated as WEAK, with concerning metrics showing a significant debt burden of $528 million and negative free cash flow of -$39 million. This latest price level reflects a significant downturn from the previous year, with the stock experiencing a 1-year change of -29.11%. Investors are closely monitoring the company’s performance, considering the broader economic factors that have contributed to this decline. The casino operator, known for its regional gaming properties, has been navigating through industry-specific headwinds as well as the broader economic pressures that have affected consumer discretionary spending. Despite these challenges, analysts maintain price targets between $5 and $7, suggesting potential upside. As Full House Resorts continues to adapt its strategy in response to these challenges, market watchers remain attentive to any signs of recovery or further downturns in its stock performance. For deeper insights and additional ProTips about FLL’s valuation and future prospects, explore the comprehensive research available on InvestingPro.
In other recent news, Full House Resorts Inc (NASDAQ:FLL). reported a challenging fourth quarter for 2024, with earnings per share 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. Analyst firms have been adjusting their outlooks, with Macquarie maintaining a Neutral rating and Citizens JMP lowering the stock target to $5, reflecting a cautious stance on near-term performance. Despite these challenges, Full House Resorts experienced a 42% revenue increase at its American Place property, alongside a 72% rise in EBITDA year-over-year.
Additionally, the company announced a change in its independent registered public accounting firm, switching from Deloitte & Touche LLP to Ernst & Young LLP for the fiscal year ending December 31, 2025. The management at Full House Resorts is optimistic about future developments, such as the commencement of permanent construction at American Place following a favorable court decision in Illinois. The project is expected to significantly boost revenues and EBITDA upon completion. The company is also focused on improving operational efficiency and margins, particularly at its Chamonix property, where higher costs were noted due to weather conditions.
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