How to buy Eldorado Resorts stock - 06 March

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How to buy Eldorado Resorts stock

Own Eldorado Resorts stock in just a few minutes.

Fact checked

Eldorado Resorts, Inc is a resorts & casinos business based in the US. Eldorado Resorts shares (ERI) are listed on the NASDAQ and all prices are listed in US Dollars. Eldorado Resorts employs 15,500 staff and has a trailing 12-month revenue of around USD$1.9 billion.

How to buy shares in Eldorado Resorts

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Eldorado Resorts. Find the stock by name or ticker symbol: ERI. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Eldorado Resorts reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Eldorado Resorts, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Eldorado Resorts. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Eldorado Resorts share price

Use our graph to track the performance of ERI stocks over time.

Eldorado Resorts shares at a glance

Information last updated 2021-01-28.
52-week rangeUSD$6.02 - USD$82.34
50-day moving average USD$75.7649
200-day moving average USD$57.268
Wall St. target priceUSD$50
PE ratio 16.5922
Dividend yield N/A (0%)
Earnings per share (TTM) USD$1.201

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Eldorado Resorts stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is Eldorado Resorts under- or over-valued?

Valuing Eldorado Resorts stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Eldorado Resorts's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Eldorado Resorts's P/E ratio

Eldorado Resorts's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 17x. In other words, Eldorado Resorts shares trade at around 17x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Eldorado Resorts's EBITDA

Eldorado Resorts's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$421.6 million.

The EBITDA is a measure of a Eldorado Resorts's overall financial performance and is widely used to measure a its profitability.

Eldorado Resorts financials

Revenue TTM USD$1.9 billion
Operating margin TTM 11.59%
Gross profit TTM USD$1.3 billion
Return on assets TTM 2.2%
Return on equity TTM 0%
Profit margin -13.58%
Book value $16.4
Market capitalisation USD$3.8 billion

TTM: trailing 12 months

Shorting Eldorado Resorts shares

There are currently 31.7 million Eldorado Resorts shares held short by investors – that's known as Eldorado Resorts's "short interest". This figure is 20.7% up from 26.3 million last month.

There are a few different ways that this level of interest in shorting Eldorado Resorts shares can be evaluated.

Eldorado Resorts's "short interest ratio" (SIR)

Eldorado Resorts's "short interest ratio" (SIR) is the quantity of Eldorado Resorts shares currently shorted divided by the average quantity of Eldorado Resorts shares traded daily (recently around 15.4 million). Eldorado Resorts's SIR currently stands at 2.06. In other words for every 100,000 Eldorado Resorts shares traded daily on the market, roughly 2060 shares are currently held short.

However Eldorado Resorts's short interest can also be evaluated against the total number of Eldorado Resorts shares, or, against the total number of tradable Eldorado Resorts shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Eldorado Resorts's short interest could be expressed as 0.11% of the outstanding shares (for every 100,000 Eldorado Resorts shares in existence, roughly 110 shares are currently held short) or 0.1385% of the tradable shares (for every 100,000 tradable Eldorado Resorts shares, roughly 139 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Eldorado Resorts.

Find out more about how you can short Eldorado Resorts stock.

Eldorado Resorts share dividends

We're not expecting Eldorado Resorts to pay a dividend over the next 12 months.

Have Eldorado Resorts's shares ever split?

Eldorado Resorts's shares were split on a 10:1 basis on 21 August 2012. So if you had owned 1 share the day before before the split, the next day you'd have owned 10 shares. This wouldn't directly have changed the overall worth of your Eldorado Resorts shares – just the quantity. However, indirectly, the new 90% lower share price could have impacted the market appetite for Eldorado Resorts shares which in turn could have impacted Eldorado Resorts's share price.

Eldorado Resorts share price volatility

Over the last 12 months, Eldorado Resorts's shares have ranged in value from as little as $6.02 up to $82.34. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Eldorado Resorts's is 2.7899. This would suggest that Eldorado Resorts's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Eldorado Resorts overview

Caesars Entertainment, Inc. operates as a casino-entertainment company in the United States. The company operates resorts primarily under the Caesars, Harrah's, Horseshoe, and Eldorado brand names. It offers various amenities and one-of-a-kind destinations; and gaming services. The company was founded in 1937 and is based in Reno, Nevada.

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