Boyd Gaming stock hits 52-week low at 69.81 USD

A U.S. appeals court ruled that states can regulate event contracts under gambling laws, impacting companies like Kalshi and Boyd Gaming Corp (NYSE: BYD). BYD is deemed modestly undervalued with a GF Value of $91.70 vs. current price of $71.23, and has a GF Score of 86/100. Insiders sold $26.4M in shares over the past year.

BYD, a Chinese EV manufacturer, cut prices on its Atto 1 model by 25% to $19,900 to boost sales. BYD Australia's COO, Stephen Collins, stated this won't spark a price war, despite Beijing's warnings against aggressive discounting.

BYD, the largest Chinese car manufacturer, plans to expand in Europe with three vehicle assembly plants and one battery plant. The company's advisor, Alfredo Altavilla, revealed these plans to Reuters, aiming to comply with European regulations and meet volume targets. BYD has already started trial production in Hungary and is in talks with governments in Spain, France, and Italy for additional sites. The company is focusing on overseas markets as sales in China decline, with overseas deliveries

BYD is recalling 183,211 vehicles in China, including Tang SUVs and Qin sedans, due to faulty brake pedal stoppers that may cause brake lights to stay on. The recall, initiated by BYD, covers vehicles produced between 2014 and 2022. This is BYD's third major recall in a year, amid declining sales and financial pressure from China's EV price war. BYD's first-half net profit fell 20.5% to 12.33 billion yuan.

BYD reported record August sales of 440,293 new-energy vehicles, up 18% YoY, driven by a 134% surge in overseas sales. Domestic sales fell 14%. Battery-electric vehicles accounted for 59% of passenger sales. BYD aims to sell 2.5M vehicles overseas in 2027, up from 1.9M-2M targeted for 2026. Investors reacted cautiously to mixed domestic and export trends.

Boyd Gaming Corp's stock hit a 52-week low of $74.74, down 10.01% over the past year. Despite a P/E ratio of 3.23 and being listed as undervalued, the company faces market pressures. Q2 earnings beat estimates with adjusted EPS of $1.93, but revenue of $1.03B missed forecasts. Mizuho raised its price target to $104, while Stifel set a $92 target with a Hold rating.