Trade-Ideas LLC identified

Boyd Gaming

(

BYD

) as a strong and under the radar candidate. In addition to specific proprietary factors, Trade-Ideas identified Boyd Gaming as such a stock due to the following factors:

  • BYD has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $41.7 million.
  • BYD has traded 138 options contracts today.
  • BYD is making at least a new 3-day high.
  • BYD has a PE ratio of 1.
  • BYD is mentioned 1.90 times per day on StockTwits.
  • BYD has not yet been mentioned on StockTwits today.
  • BYD is currently in the upper 20% of its 1-year range.
  • BYD is in the upper 35% of its 20-day range.
  • BYD is in the upper 45% of its 5-day range.
  • BYD is currently trading above yesterday's high.

'Strong and Under the Radar' stocks tend to be worthwhile stocks to watch for a variety of factors including historical back testing and price action. Market technicians refer to such stocks as being in an accumulation phase before a mark-up and peak. Traders and hedge funds have frequently found that these types of stocks continue to build a solid price base and then ultimately spike higher and peak when others 'discover' how good the stock is performing. By leveraging the social discovery aspect of StockTwits we are highlighting stocks that don't currently receive much attention from retail investors, but we suspect may soon garner more attention.

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More details on BYD:

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates in five segments: Las Vegas, Downtown Las Vegas, Midwest and South, Peninsula, and Borgata. BYD has a PE ratio of 1. Currently there are 2 analysts that rate Boyd Gaming a buy, no analysts rate it a sell, and 8 rate it a hold.

The average volume for Boyd Gaming has been 1.6 million shares per day over the past 30 days. Boyd Gaming has a market cap of $2.1 billion and is part of the services sector and leisure industry. The stock has a beta of 1.71 and a short float of 12.1% with 4.54 days to cover. Shares are up 51.1% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Boyd Gaming as a

hold

. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and weak operating cash flow.

Highlights from the ratings report include:

  • BOYD GAMING CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. This trend suggests that the performance of the business is improving. During the past fiscal year, BOYD GAMING CORP continued to lose money by earning -$0.48 versus -$0.87 in the prior year. This year, the market expects an improvement in earnings ($0.75 versus -$0.48).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Hotels, Restaurants & Leisure industry. The net income increased by 268.3% when compared to the same quarter one year prior, rising from -$15.11 million to $25.43 million.
  • 39.80% is the gross profit margin for BOYD GAMING CORP which we consider to be strong. It has increased from the same quarter the previous year. Despite the strong results of the gross profit margin, BYD's net profit margin of 4.65% significantly trails the industry average.
  • Net operating cash flow has declined marginally to $85.67 million or 9.02% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.
  • The debt-to-equity ratio is very high at 6.58 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. Along with this, the company manages to maintain a quick ratio of 0.50, which clearly demonstrates the inability to cover short-term cash needs.

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