Full House Resorts (NASDAQ:FLL) stock observed trading -72.68% off 52-week high price. On the other end, the stock has been noted 12.61% away from low price over the last 52-weeks. The stock disclosed a move of -64.42% away from 50 day moving average and -56.76% away from 200 day moving average. Moving closer, we can see that shares have been trading -61.07% off 20-day moving average. It has market cap of $47.68M.
On March 12, 2020, Full House Resorts (NASDAQ:FLL) declared results for the fourth quarter ended December 31, 2019.
The Company is carefully monitoring the coronavirus situation. As of, it knows of no confirmed cases of the virus at any of its properties. Nevertheless, it has implemented additional cleaning and disinfection procedures at each of its properties. Beginning yesterday, for the protection of its employees and customers, the Company* began testing employee temperatures with infrared monitors as they arrive for work. Any employee registering greater than 100°F is told to return home and to contact his or her usual health care provider. Yesterday, the first day of the screening procedures, the Company had zero employees reporting for work registering such a fever.
The Company is carefully monitoring the situation and will, of course, cooperate with all local health and regulatory agencies. Although this may change, to date our business activity has shown no discernible impact from either the virus or the stock market. Note that our casinos have negligible meeting and convention business and that few of our customers travel by air to visit us. Furthermore, as online sports wagering continues to ramp up over the next few months, it should contribute a significant portion of the Company’s income.
Fourth Quarter and Full Year
On a consolidated basis, net revenues in the fourth quarter of 2019 decreased 4.1% to $39.0 million from $40.7 million in the prior-year period. Net loss for the fourth quarter of 2019 was $4.1 million, or $(0.15) per diluted common share, compared to a net loss of $1.0 million, or $(0.07) per diluted common share, in the prior-year period. Net loss in both periods was affected by the accounting for the fair market value of outstanding warrants. Adjusted EBITDA(a) in the 2019 fourth quarter was $2.3 million versus $3.8 million in the fourth quarter of 2018, reflecting casino downtime during the installation of new slot systems at Bronco Billy’s and Rising Star, as well as a temporary increase in marketing expenses at Rising Star. On December 30, 2019, one of the Company’s three permitted mobile skins commenced operations in Indiana, thereby beginning the annual revenue guarantee related to that particular skin.
The USA based company Full House Resorts moved with change of 1.88% to $1.09 with the total traded volume of 208077 shares in recent session versus to an average volume of 113.96K. The stock was observed in the 5 days activity at -51.77%. The one month performance of stock was -68.04%. FLL’s shares are at -68.31% for the quarter and driving a -48.83% return over the course of the past year and is now at -67.46% since this point in 2018. Right now the stock beta is 1. The average volatility for the week and month was at 28.05% and 12.52% respectively. There are 43.74M shares outstanding and 23.98M shares are floated in market.