Is Investing into Churchill Downs Incorporated (CHDN) Stock an Actual Casino?

The CHDN stock price fluctuated between $184.46 and $187.47 throughout the trading session with the volume trading being 72065 shares, which represented a negative variation when compared to the three months average volume of 342479 shares.

The share price of Churchill Downs Incorporated (NasdaqGS:CHDN) dipped -0.85% to close Friday’s market session at $184.9, lower as compared to yesterday’s close which brings the market valuation of the company to $7.12B.

The 52-week high for the Churchill Downs Incorporated’s shares is $258.32. That puts it -28.42% from that peak but still a 34.62% gain since the share price dropped to a 52-week low of $134.63, while the S&P 500’s share price change was of 35.10%.

The company currently has a 36.24 P/E ratio and a price target of $250.

What does the trading volume tell us about the CHDN stock?

During the last trading session, Churchill Downs Incorporated (NasdaqGS:CHDN) has seen growth in its daily volume. The daily volume was of 342479, while in the last 10 days the average was 226.5k and last three months – 342.48k.
The increasing interest in the CHDN stock from the investors is helping to drive the stock price up.

Shrinking short interest

The Churchill Downs Incorporated’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 1.04M shares being shorted which translates into 2.2 of a short ratio for CHDN, while in the previous month the shorted shares were 1.24M.

Churchill Downs Incorporated (NasdaqGS:CHDN) financials

With a market cap of 7.12B, Churchill Downs Incorporated holds a total cash of $342.2M that translates into $9.01 per share, while the total debt is of $2B.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 178.30%. The current revenue is of $1.46B that is $37.13 per share.
This is a great sign for a bright future.