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).

Monarch Casino & Resort Inc is currently not a strong buy due to its recent price decline and mixed analyst ratings. The current price is $114.34, and the RSI is at a low 28.72, indicating oversold conditions. However, the forward P/E ratio is at 16.95, suggesting it may be fairly valued relative to future earnings. The main risk is the insider selling, which has increased by 193.58% over the last month, indicating potential lack of confidence from insiders.

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