How to Buy Boyd Gaming Stock
Boyd Gaming Corp
Boyd Gaming is a casino company located in Nevada, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker BYD on the NYSE exchange.
Boyd Gaming stock last closed at $53.18, down 15.44% from the previous day, and has decreased 20.92% in one year. It has underperformed other stocks in the Resorts & Casinos industry by 0.06 percentage points. Boyd Gaming stock is currently +1.45% from its 52-week low of $52.42, and -27.15% from its 52-week high of $73.00.
At the moment, there are 96.05M shares of BYD outstanding. The market capitalization of BYD is $5.11B. In the past 24 hours, 6.82M BYD shares were traded.
How to Buy Boyd Gaming Stock
Not sure how to invest in Boyd Gaming stock? Here's how.
- Figure out where to buy Boyd Gaming stock: You need to pick an online brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you determine where to buy Boyd Gaming stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Pick your method of payment and add your information.
- Evaluate Boyd Gaming stock: The Boyd Gaming ticker symbol is BYD. Is Boyd Gaming stock a good investment? Should you buy shares of BYD? How do BYD's underlying business fundamentals look? Do top analysts think Boyd Gaming is a good buy? Why has BYD's stock price moved recently? (Hint: Our stock market research tools can help you understand if BYD is a good stock to buy).
- Execute your BYD purchase: Decide if you will purchase BYD shares at the current market price or use a limit order to buy BYD shares at a particular price.
- Get updates on your BYD position: Create a watchlist to keep track of your position in Boyd Gaming shares.
Step 1: Figure out where to buy Boyd Gaming stock
You will need a brokerage account in order to access the NYSE market and buy BYD shares.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've chosen the best brokerage, you need to fill out some personal information so you are able to invest in BYD today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to start a new brokerage account.
- Submit your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you have opened your account on the stocks app, your next step is to transfer the money for your investment:
Check out this video walkthrough to see the process of transferring money into your brokerage account.
Step 4: Evaluate Boyd Gaming stock
Once you have chosen the best place to buy Boyd Gaming stock, it's absolutely critical to evaluate their stock prior to buying, so you truly comprehend the risk as well as the upside.
Boyd Gaming quick stats
Fundamentals of BYD
WallStreetZen was built to help part-time investors do more accurate fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on BYD's stock page.
How is BYD stock valued?
Analysts use many financial metrics, analyses, models, and charts to gauge BYD's true value.
Using relative valuations methods:
- BYD may be undervalued based on its P/E ratio of 8.69x, relative to Resorts & Casinos industry P/E ratio of 15.91x
- BYD could be undervalued based on its P/B ratio of 2.93x, relative to Resorts & Casinos industry P/B ratio of 4.16x
You can do more valuation analysis on BYD's stock here.
BYD Financial Health Overview
Passed Health Checks:
- BYD earnings of $924.15M is not sufficient to cover its interest payments.
- BYD's operating cash flow of $914.52M allows it to safely service it's debt of $3.63B.
- Total BYD debt is lower than 5 years ago, relative to shareholder equity.
Failed Health Checks:
- There are more short-term liabilities than short-term assets on the BYD balance sheet.
- BYD profit margin has gone down from 18% to 16.6% in the past year.
- There are more long-term liabilities than short-term assets on the BYD balance sheet.
- BYD has a relatively high debt to equity ratio of 2.6.
Is BYD stock a Buy, Hold, or Sell, according to analysts?
Out of 9 Wall Street analysts who track BYD, the consensus analyst rating on BYD is a Buy
Please keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Latest BYD Analyst Recommendations
Carlo Santarelli, a top 9% analyst from Deutsche Bank downgrades BYD to a hold rating and lowers their BYD price target from $78.00 to $71.00, on Apr 26, 2024.
Joseph Greff, a bottom 27% analyst from JP Morgan downgrades BYD to a hold rating and lowers their BYD price target from $80.00 to $67.00, on Apr 26, 2024.
Stephen Grambling, a top 17% analyst from Morgan Stanley maintains BYD with a hold rating and raises their BYD price target from $71.00 to $72.00, on Apr 9, 2024.
Joseph Stauff, a top 5% analyst from Susquehanna downgrades BYD to a hold rating and lowers their BYD price target from $84.00 to $75.00, on Feb 12, 2024.
Daniel Politzer, a top 19% analyst from Wells Fargo maintains BYD with a strong buy rating and raises their BYD price target from $81.00 to $82.00, on Feb 9, 2024.
You can dive deeper into what analysts are projecting on the Boyd Gaming stock forecast page.
BYD Technicals
BYD Growth Numbers
Last year, BYD earnings were $620.02M. During the last 5 year, BYD's earnings have gone up by 43.38% per year. This was faster than the Resorts & Casinos industry average of 10.07%.
Last year, BYD revenue was $3.74B. In the last 5 year, BYD's revenue has grown by 7.31% per year. This was faster than the Resorts & Casinos industry average of 4.33%.
You can research BYD's earnings and revenue performance here.
Are BYD insiders buying or selling the stock?
In the past 12 months, executives and large shareholders at BYD have sold more shares than they have bought.
William S. Boyd, 10% Owner of BYD, was the latest BYD insider to sell. They sold $2,030,856.30 worth of BYD shares on Mar 14, 2024.
Dig into more about who owns BYD shares here.
Does BYD stock generate passive income?
Boyd Gaming pays a dividend of 1.22%, compared to the Resorts & Casinos industry's average dividend yield of 2.78%. If you owned $1,000 of BYD stock, you would have been paid $12.22 in the past 12 months.
Boyd Gaming dividend payments have consistently grown over the past decade and have remained stable.
Get more analysis about Boyd Gaming dividend yield and history here.
What others are saying about BYD
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Execute your BYD purchase
There are two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly the easiest way to buy. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given price limit, use a limit order.
Hit the Open button and your broker will execute your order.
If you require more help with buying stocks on eToro, watch the helpful video below:
Step 6: Get updates on your BYD position
Now that you own some BYD stock, you'll want to keep up with your investment.
Start a watchlist to get the latest updates about your BYD stock.
BYD Feed
How to Buy Stock in Boyd Gaming
To summarize, here are the 6 steps for buying Boyd Gaming stock:
- Figure out where to buy Boyd Gaming stock
- Create your brokerage account
- Put funds into your investment account
- Evaluate Boyd Gaming stock
- Execute your BYD purchase
- Get updates on your BYD position
If you are looking for a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get the latest news on your investment in Boyd Gaming, create a watchlist today.
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