Codere Online Luxembourg Stock (NASDAQ: CDRO)

Codere Online Luxembourg Stock (NASDAQ:CDRO), Trade Ideas

Codere Online Luxembourg

Codere Online Luxembourg SA is an international online casino gaming and online sports betting group focused on providing its customers with a safe and enjoyable online gaming experience. It currently operates in Spain, Italy, Mexico, Colombia, Panama and in the City of Buenos Aires where it offers its users the ability to play online casino games and bet on sports events. Online casino offerings include the full portfolio of games typically available in land-based casinos, gaming halls and gambling establishments, such as slot machines, table games and bingo. Online sports betting involves a user placing a wager on an event at some fixed odds determined by Codere Online. If the user wins, it pays out the bet. If the user loses, it keeps the amount wagered.

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CDRO

CVNA

As of March 8, 2024, three stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Top 3 Consumer Stocks That May Collapse This Month

Pre-Market Outlook

TCOM

As of Feb. 23, 2024, four stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Top 4 Consumer Stocks That May Plunge In Q1

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U.S. stocks traded lower this morning, with Dow Jones dropping over 100 points on Wednesday.

Following the market opening Wednesday, the Dow traded down 0.41% to 33,914.60 while the NASDAQ fell 0.31% to 13,624.81. The S&amp;P 500, also fell, dropping, 0.33% to 4,374.40.

Dow Drops Over 100 Points; Winnebago Industries Posts Downbeat Sales

Codere Online Luxembourg, S.A. - Ordinary Shares

Codere Online Luxembourg SA

Codere Online Luxembourg, S.A. - Warrants

WIIM

e.l.f. Beauty shares are trading lower. The stock gained Thursday in sympathy with L'Oreal following its earnings report.

<p>CIBC  analyst Mark Jarvi   maintains TransAlta (TSX:<a class="ticker" href="https://www.benzinga.com/stock/TA#TSX">TA</a>) with a Outperformer and lowers the price target from C$18.5 to C$16.</p>


Price Target

Analyst Ratings

TSX:TA

CIBC Maintains Outperformer on TransAlta, Lowers Price Target to C$16

<p><strong>Altria Group's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MO#NYSE">MO</a>) short percent of float has risen 329.27% since its last report. The company recently reported that it has <strong>60.34 million shares sold short</strong>, which is 3.52% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 3.27 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Altria Group Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713551427_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Altria Group has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.</p>
<h3>Comparing Altria Group's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Altria Group's peer group average for short interest as a percentage of float is 9.49%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Short Sellers

Looking Into Altria Group's Recent Short Interest

<p><strong>Alnylam Pharmaceuticals's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALNY#NYSE">ALNY</a>) short percent of float has fallen 9.57% since its last report. The company recently reported that it has <strong>2.80 million shares sold short</strong>, which is 2.55% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 4.81 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Alnylam Pharmaceuticals Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713551421_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Alnylam Pharmaceuticals has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.</p>
<h3>Comparing Alnylam Pharmaceuticals's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Alnylam Pharmaceuticals's peer group average for short interest as a percentage of float is 6.10%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


ALNY

How Is The Market Feeling About Alnylam Pharmaceuticals?

<p><strong>Walmart's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) short percent of float has risen 11.39% since its last report. The company recently reported that it has <strong>37.14 million shares sold short</strong>, which is 0.88% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 2.59 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Walmart Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713551415_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Walmart has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.</p>
<h3>Comparing Walmart's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Walmart's peer group average for short interest as a percentage of float is 3.62%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


(WMT) - Analyzing Walmart's Short Interest

VinFast Auto shares are trading lower on continued weakness following the company's recent Q1 earnings report.

<p>CIBC analyst Robert Catellier maintains Pembina Pipeline (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBA#NYSE">PBA</a>) with a Outperformer and raises the price target from C$56 to C$57.</p>


CIBC Maintains Outperformer on Pembina Pipeline, Raises Price Target to C$57

<p>CIBC  analyst Mark Jarvi   maintains Fortis (TSX:<a class="ticker" href="https://www.benzinga.com/stock/FTS#TSX">FTS</a>) with a Neutral and lowers the price target from C$59 to C$56.</p>


TSX:FTS

CIBC Maintains Neutral on Fortis, Lowers Price Target to C$56

LULU

Lululemon Athletica Says Have Made Decision To Close One Of Co's Smaller Distribution Centers Located In Sumner, Washington At The End Of 2024; Optimization Will Result In Reduction Of Just Over 100 Positions Within Existing Sumner Distribution Center; Some Employees Will Be Retained And Will Be Relocated To Other Facilities, Including Distribution Center In Greater Los Angeles Area

Kinross Gold shares are trading higher amid strength in gold prices on Middle East tensions.

<p>HSBC  analyst Santhosh Seshadri   maintains Lithium Americas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAC#NYSE">LAC</a>) with a Hold and lowers the price target from $6.5 to $5.1.</p>


HSBC Maintains Hold on Lithium Americas, Lowers Price Target to $5.1

ASML

ASML Holding shares are trading lower on continued weakness following the company's recent earnings report.

Macro Economic Events

Economics

iShares MSCI Israel Capped Investable Market Index Fund

White House Says Will Continue To Watch The Oil And Energy Markets Carefully; Do Not Want To See Conflict In The Middle East Escalate

<p>HSBC  analyst Saul Martinez   maintains Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) with a Hold and raises the price target from $100 to $102.</p>


HSBC Maintains Hold on Morgan Stanley, Raises Price Target to $102

FYBR

Frontier Communications shares are trading lower after the company said its parent experienced an operational disruption due to unauthorized access by a cybercrime group.

<p>BTIG  analyst Ryan Zimmerman   maintains Intuitive Surgical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) with a Buy and raises the price target from $412 to $421.</p>


ISRG

BTIG Maintains Buy on Intuitive Surgical, Raises Price Target to $421

White House Says It Has No Comment On Reports On Israel And Iran Overnight

Offerings

Ecopetrol Files For Mixed Shelf Offering, Size Not Disclosed

<p>Stifel  analyst Nathan Jones   maintains Badger Meter (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMI#NYSE">BMI</a>) with a Hold and raises the price target from $147 to $175.</p>


Stifel Maintains Hold on Badger Meter, Raises Price Target to $175

Gold and silver are trading higher amid Israel-Iran tensions, which have lifted some safe-haven assets.

In a report released today, Mike Hickey from Benchmark Co. maintained a Hold rating on Codere Online (CDRO – Research Report). The company's shares...

Benchmark Co. Sticks to Their Hold Rating for Codere Online (CDRO)

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Many investors see <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> as a risky bet, and understandably so. Those that typically come to mind are speculative <a href="https://investorplace.com/industries/healthcare/biotech/">biotech stocks</a> or struggling startups, burning through cash and diluting shares. With rising rates making growth difficult, it&rsquo;s no wonder these companies trade at basement-level valuations compared to the broader market.</p>



<p>However, I believe this actually presents an opportunity for selective investing in penny stocks. I&rsquo;m not talking about promoting speculative biotechs or deeply unprofitable businesses, but rather companies nearing profitability or with an established bottom line. As rates decline, these stocks could take off and deliver outsized returns by unlocking growth. Buying them near historic lows seems a savvy move to me. Here are three such penny stocks to look into:</p>



<h2>Codere Online (CDRO)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/01/sports-betting-stocks-300x169.jpg" alt="sports betting stocks man celebrating winning bet on match, bookmaker app"><div>Source: Motortion Films / Shutterstock.com</div></div>


<p>As a subsidiary of European gaming giant <strong>Codere Group</strong>, <strong>Codere Online</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/cdro-stock-quote/"><strong>CDRO</strong></a>) operates online gambling and sports betting sites across Latin America and Spain. Headquartered in stable Luxembourg, it taps into the massive potential of regulated Latin American gaming markets without dealing directly with regional political and financial instability. The ongoing craze for sports betting will undoubtedly spur significant user growth.</p>



<p>No doubt, Codere Online has been extremely volatile &mdash; its stock plunged nearly 80% off its SPAC highs before almost doubling again. But after stellar Q3 results <a href="https://www.google.com/search?client=opera-gx&amp;q=cdro+stock&amp;sourceid=opera&amp;ie=UTF-8&amp;oe=UTF-8#wptab=si:AKbGX_rmEVeGd4eGbBb6f_kccelQJ2RFjwhMZqa7lwpPNLpJe7EiQIrr808Xp6g6Mme3qq5NW6NAUxFEYXVjRTEdaBJfS2yCzqwBhpa0fKlLsSC8ET5-gnI5nP5M1dI4ke5zBo13jGW0zlTFJ8lxEOYh3YBA4bES1w%3D%3D" target="_blank">trounced estimates</a> with a 21% revenue beat, shares have caught fire once more, surging 32% this past month. More upside seems likely given massive losses narrowing amidst hypergrowth: while 2021 losses sat at $68 million against $80 million in sales, analysts now <a href="https://seekingalpha.com/symbol/CDRO/earnings/estimates" target="_blank">expect over $200 million in revenue</a> this year plus a near break-even bottom line around $5 million. If strong execution continues, profitability appears right around the corner.</p>



<p>If management steers toward sustainable profits,, I believe Codere deserves multiples above its current valuation. Buying around $4 per share offers significant upside.</p>



<h2>Flexible Solutions (FSI)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/12/clean-energy-graphic-300x169.png" alt="An illustration of various clean energy symbols; a faucet with water flowing to the earth, a windmill and solar panel with a plug leading to an electric car"><div>Source: RoseStudio / Shutterstock</div></div>


<p><strong>Flexible Solutions</strong> (NYSEMKT:<span><a href="https://investorplace.com/stock-quotes/fsi-stock-quote/"><strong>FSI</strong></a></span>) is an environmental conservation company targeting the agriculture, oil, gas and municipality verticals. It develops patented systems for water treatment, contamination remediation and energy-efficient heating. Headquartered in environmentally progressive Canada with operations centered in drought-stricken Alberta, FSI&rsquo;s innovative offerings help corporate customers meet tightening regulations worldwide.</p>



<p>Without a doubt, FSI took shareholders on a rollercoaster for the past two years. After peaking at around $4.30 per share in March 2022, shares have been through many ups and downs. But with the stock now bottoming again near $1.80, the state of affairs looks overly grim compared to strong long-term potential. A sharp recovery shouldn&rsquo;t be ignored, even if bottom-line profitability remains erratic.</p>



<p>Analyst <a href="https://seekingalpha.com/symbol/FSI/earnings/estimates" target="_blank">consensus</a> pegs 2023 EPS at $0.32, implying shares trade at just over 6x forward 2024 earnings after the pullback. For an industrial targeting secular environmental trends across agriculture and energy, I consider that far too low. If FSI manages even 15% annual growth henceforth, its current market cap of around $23 million seems very cheap.</p>



<h2>Duos Technologies (DUOT)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/01/duot1600-300x169.png" alt="Industrial technology concept. Communication network. INDUSTRY 4.0. Factory automation."><div>Source: metamorworks / Shutterstock.com</div></div>


<p>Providing critical infrastructure inspection, operations and security technology to rail, freight and government sectors, <strong>Duos</strong> <strong>Technologies </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/duot-stock-quote/"><strong>DUOT</strong></a></span>) forms the literal backbone, enabling efficient transportation nationwide. I foresee exceptional long-term demand driving hypergrowth, given the trillions in federal infrastructure spending since 2021.</p>



<p>No question, DUOT has dropped substantially from 2021 highs at $10 per share &mdash; the stock even hit $2 earlier this year on broad selling pressure, though shares have rebounded 100% since. I expect considerable further upside as infrastructure investment unfolds over years to come, potentially sending Duos to new records.</p>



<p>Backing this bullish thesis, analysts <a href="https://seekingalpha.com/symbol/DUOT/earnings/estimates" target="_blank">forecast</a> revenue to grow 100% and recover to $18 million this year. Then it is expected to grow an impressive 68% in 2025. The growth story seems cheap if execution even comes close to estimates.</p>



<p>In the end, new infrastructure drives new demand for inspection, automation and security. Duos seems uniquely positioned to capitalize on this.</p>



<p><strong><em>On Penny Stocks and Low-Volume Stocks:</em></strong><em>&nbsp;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&nbsp;<a href="http://investorplace.com/" target="_blank">InvestorPlace.com</a>&rsquo;s writers disclose this fact and warn readers of the risks.</em></p>



<p><em>Read More:&nbsp;Penny Stocks &mdash;&nbsp;</em><a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/"><em>How to Profit Without Getting Scammed</em></a></p>



<p><em>On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/?utm_source=Nasdaq&amp;utm_medium=referral" target="_blank">Publishing Guidelines.</a></em></p>
<div><p>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</p></div><h3>More From InvestorPlace</h3>
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VRM and CDRO among Consumer Discretionary movers

JMIA and QRTEA among Consumer Discretionary movers

QRTEA and SMP among Consumer Discretionary movers

Codere Online Luxembourg reports Q4 results

In a report released today, Jeffrey Stantial from Stifel Nicolaus reiterated a Buy rating on Codere Online (CDRO – Research Report), with a price t...

Stifel Nicolaus Sticks to Their Buy Rating for Codere Online (CDRO)

Noble Financial analyst Michael Kupinski maintained a Buy rating on Codere Online (CDRO – Research Report) today and set a price target of $9.00. T...

Noble Financial Remains a Buy on Codere Online (CDRO)

Codere Online Luxembourg, S.A. (CDRO) Q4 2023 Earnings Call Transcript

Benchmark Co. analyst Mike Hickey maintained a Hold rating on Codere Online (CDRO – Research Report) today. The company's shares closed yesterday a...

Benchmark Co. Reaffirms Their Hold Rating on Codere Online (CDRO)

ACVA

ATAT

CDROW

CTNT

DOGZ

DUOT

FTEL

HLLY

JMIA

JXJT

LCID

MULN

PLCE

PNST

PSNY

QRTEA

RIVN

SABR

SOND

TXRH

Press Releases

Codere Online Reports Financial Results for the First Quarter 2023

The Codere brand ranked again among the 100 most valuable in Spain

Codere Online Reports Favorable AGM Results and Welcomes Michal Elimelech to Board of Directors

Codere Online to Release Financial Results for the Second Quarter 2023 on August 31

Codere Online Reports Financial Results for the Second Quarter 2023

Codere Online to Release Financial Results for the Third Quarter 2023 on November 15

Codere Online Reports Financial Results for the Third Quarter 2023

Codere Online to Release Financial Results for the Fourth Quarter and Full Year 2023 on February 29

Codere Online Reports Financial Results for the Fourth Quarter and Full Year 2023

Codere extends its partnership with Rayados as Official Betting Partner

Accel Entertainment

PlayAGS

Ballys

Boyd Gaming

Churchill Downs, Incorporated - Common Stock

Churchill Downs

Caesars Entertainment, Inc. - Common Stock

Caesars Entertainment

DraftKings

Everi Hldgs

Full House Resorts

Golden Entertainment, Inc. - Common Stock

Golden Entertainment

Genius Sports

International Game Technology Ordinary Shares

Intl Game Tech

Inspired Entertainment, Inc. - Common Stock

Inspired Entertainment

Light & Wonder

Las Vegas Sands

Monarch Casino & Resort, Inc. - Common Stock

Monarch Casino & Resort

MGM Resorts Intl

Melco Resorts & Entertainment Limited - American Depositary Shares

Melco Resorts and Enter

Studio City International Holdings Limited American depositary shares, each representing four Class A ordinary shares