Melco Resorts & Entertainment Ltd ADR (MLCO) concluded trading on Thursday at a closing price of $7.30, with 4.21 million shares of worth about $30.75 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -27.79% during that period and on March 14, 2024 the price saw a loss of about -3.31%. Currently the company’s common shares owned by public are about 437.09M shares, out of which, 436.82M shares are available for trading.
Stock saw a price change of -2.80% in past 5 days and over the past one month there was a price change of -19.25%. Year-to-date (YTD), MLCO shares are showing a performance of -17.70% which decreased to -40.36% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.61 but also hit the highest price of $14.45 during that period. The average intraday trading volume for Melco Resorts & Entertainment Ltd ADR shares is 3.32 million. The stock is currently trading -8.56% below its 20-day simple moving average (SMA20), while that difference is down -11.30% for SMA50 and it goes to -24.98% lower than SMA200.
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Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) currently have 437.09M outstanding shares and institutions hold larger chunk of about 40.50% of that.
The stock has a current market capitalization of $3.19B and its 3Y-monthly beta is at 1.13. It has posted earnings per share of -$0.63 in the same period. It has Quick Ratio of 1.37. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MLCO, volatility over the week remained 3.64% while standing at 5.47% over the month.
Analysts are in expectations that Melco Resorts & Entertainment Ltd ADR (MLCO) stock would likely to be making an EPS of $0.03 in the current quarter, while forecast for next quarter EPS is $0.07 and it is $0.53 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0.05 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.18 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 134.23% while it is estimated to increase by 143.31% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Susquehanna on December 15, 2023 offering a Positive rating for the stock and assigned a target price of $15 to it. Coverage by Macquarie stated Melco Resorts & Entertainment Ltd ADR (MLCO) stock as an Outperform in their note to investors on July 18, 2023, suggesting a price target of $16.30 for the stock. On June 28, 2023, BofA Securities Downgrade their recommendations, while on June 20, 2023, Credit Suisse Upgrade their ratings for the stock with a price target of $18.20. Stock get an Overweight rating from JP Morgan on November 28, 2022.
