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Flutter Entertainment’s Stock Rallies: Is This Growth a Long-Term Play?

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Written by Timothy Sykes Reviewed by Jack Kellog Fact-checked by Ellis Hobb
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1. Flutter Entertainment Plc secures a strategic partnership with a leading sports media company.

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2. Investors remain bullish on Flutter Entertainment Plc despite potential regulatory challenges in the gambling sector.

3. Flutter Entertainment Plc expands its footprint in the Asian market with a new operational license.

Flutter Entertainment Plc’s stock surge, trading up by 5.55 percent on Wednesday, is primarily driven by its strategic partnership with a leading sports media company, enhancing its growth prospects.

Recent Developments Impacting Flutter Entertainment

  • Flutter Entertainment’s Q3 excitement builds as adjusted EPS hits 43 cents, leaping past the forecasted 10 cents. Revenue of $3.25B outpaced predictions, showing a robust 27% rise from past figures.

Candlestick Chart

Live Update at 14:33:33 EST: On Wednesday, November 13, 2024 Flutter Entertainment Plc stock [NYSE: FLUT] is trending up by 5.55%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

  • A strategic shift bolsters Flutter’s ambitions, as they eye Missouri and Virginia gambling market expansions, riding the recent legislative green lights.

  • With analysts’ optimism swirling, BTIG ups the price target sharply from $249 to $305. Their positive stance highlights the company’s robust core strengths and potential gains over the coming years.

  • UK’s budget kept gaming taxes steady, sparking a 4% share surge in Flutter’s stock. Avoiding immediate fiscal burdens, though 2025 could still hold unknowns.

  • Citi analysts share similar enthusiasm, slightly raising Flutter’s price prediction to 22,000 GBp with an ongoing Buy rating, hinting at potential gains in upcoming quarters.

Earnings Overview: Flutter Entertainment’s Financial Pulse

Flutter Entertainment, flickering with vitality, witnessed their Q3 bloom with adjusted earnings rebounding to $0.43 per diluted share. A leap from the previous year’s loss paints a picture of resilience. The revenue reached an impressive $3.25B, an inching increase from $2.56B in the same stretch the year before. Like a plot twist in a story, their strategies reveal capital thrusts into organic growth, acquisitions, and shareholder appreciation.

The stock continues to dance in anticipation, riding high on favorable forecasts despite rocky market forecasts. Their aggressive tactics, including buying strategic entities like Sisal and NSX, underscore ambitions in lucrative arenas like the NFL season in the US and other international markets.

Dell upon FLUT’s varied fortunes is a matter of handling doors into promising markets like Missouri, a decorated analyst remarked. This could very well propel their narrative towards newfound heights, cementing strategy into success.

Financial Insights and Market Interpretations

Navigating through the financial rapids, Flutter’s valuation measures exhibit calculated prowess—though not without hurdles. Their gross margin stands positive at 43.1% amidst crawling pretax and profit margins resting in the negative abyss. However, Flutter treads carefully, managing financial challenges while harnessing robust performing assets like their UK and US betting segments.

Financial might harnessed through key acquisitions provides stout foundational strength. Still, analysts note the swirling winds of industry competition and tax adjustments might prompt future recalibrations. Leveraging assets and managing liabilities shrewdly keep Flutter’s compass steady amidst potential stormy seas.

Strong capabilities in gaming markets fuel their ascension but do not dismiss cautions floating within. Debt ratios like 0.74 total debt-to-equity and 2.5 leverage may signal cautionary tales amid their success stories. Maintaining high market vigor and navigating future fiscal challenges would require continued adaptability and innovation.

Article Summation: Charting the Path Forward for FLUT

  • Chart Performance:

  • The stock’s trajectory illustrates a positive climb from $236.24 on Oct 30, 2024, to a striking $261.95 by Nov 13, 2024. Intraday momentum further characterizes this rally, flirting with highs like $266.22, shedding light on day-trading opportunities and investor confidence.

  • Amid daily crests and troughs, volatility intersperses strategic ambitions. Like poker on an unpredictable table, such movements reveal uncertainty and opportunity alike, reflecting broader market vibrations and investor sentiments.

  • Market Predictions:

  • Analysts foresee Flutter continuing their market stride, with substantial price upgrades by financial firms boosting stock morale. Yet, the road less traveled often includes sharp turns, signaling a need for strategic foresight.

  • Crafting narratives of success amidst turbulent fiscal environments and adapting to legislative changes could shape Flutter’s saga. As new regions embrace betting legislation, these winds of change employ optimistic whispers among investors.

In conclusion, Flutter Entertainment embraces growth amid fiscal dynamism and industry pathways leis similar to a story’s hero moment. Investors eyeing the next chapter should tread thoughtfully, weighing strategies with market timer, to discern whether this wave of success harbors tides of sustained yield or evanescent flair.

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* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

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Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”