Monarch Casino & Resort Inc (MCRI) Stock AnalysisMCRIMonarch Casino & Resort Inc

Monarch Casino & Resort, Inc. owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada (Atlantis) and the Monarch Casino Resort Spa Black Hawk (Monarch Black Hawk), a hotel and casino in Black Hawk, Colorado. The Monarch Black Hawk features approximately 60,000 square feet of casino space; over 1,000 slot machines; over 43 table games; a live poker room; a keno counter and a sports book. The resort also includes over 10 bars and lounges. The Atlantis is located over three miles south of downtown, which features over 61,000 square feet of casino space; over 817 guest rooms and suites; eight food outlets; two gourmet coffee and pastry bars and one snack bar; a 30,000 square-foot health spa and salon with an enclosed year-round pool: one retail outlet offering clothing and gift shop merchandise; an 8,000 square-foot family entertainment center, and over 52,000 square feet of banquet, convention and meeting room space. It operates in the Consumer Cyclicals sector (HOTELS & MOTELS industry).

Currently, Monarch Casino & Resort Inc (MCRI) is not a strong buy. The stock is trading at $113.59, with a low RSI of 32.601 indicating it may be oversold, but the forward P/E ratio of 16.9492 suggests it is fairly valued. Additionally, insider selling has increased by 193.58%, which raises concerns about insider confidence. The stock has shown a year-to-date change of +18.27%, but recent performance has been declining, with a 20-day change of -6.49%.

5 analysts cover MCRI: 3 rate it Buy, 2 Hold and 0 Sell. The average price target is 100.00.