Melco Resorts & Entertainment Ltd ADR (MLCO) Volatility Spurs A Quest For Clarity

Currently, there are 437.09M common shares owned by the public and among those 436.82M shares have been available to trade.

The company’s stock has a 5-day price change of 7.83% and -16.50% over the past three months. MLCO shares are trading -16.12% year to date (YTD), with the 12-month market performance down to -41.05% lower. It has a 12-month low price of $6.61 and touched a high of $14.45 over the same period. MLCO has an average intraday trading volume of 3.06 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.08%, -5.95%, and -21.54% respectively.

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Institutional ownership of Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) shares accounts for 40.40% of the company’s 437.09M shares outstanding.

It has a market capitalization of $3.25B and a beta (3y monthly) value of 1.12. The earnings-per-share (ttm) stands at -$0.63. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.25% over the week and 3.98% over the month.

Analysts forecast that Melco Resorts & Entertainment Ltd ADR (MLCO) will achieve an EPS of $0.03 for the current quarter, $0.06 for the next quarter and $0.56 for 2025. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.05. Comparatively, EPS for the current quarter was -$0.18 a year ago. Earnings per share for the fiscal year are expected to increase by 146.95%, and 105.02% over the next financial year.

Looking at the support for the MLCO, a number of firms have released research notes about the stock. Susquehanna stated their Positive rating for the stock in a research note on December 15, 2023, with the firm’s price target at $15. Macquarie coverage for the Melco Resorts & Entertainment Ltd ADR (MLCO) stock in a research note released on July 18, 2023 offered a Outperform rating with a price target of $16.30. BofA Securities was of a view on June 28, 2023 that the stock is Neutral, while Credit Suisse gave the stock Outperform rating on June 20, 2023, issuing a price target of $14- $18.20. JP Morgan on their part issued Overweight rating on November 28, 2022.

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