Is There More Upside Ahead For Las Vegas Sands Corp (NYSE: LVS)

Las Vegas Sands Corp (LVS) concluded trading on Wednesday at a closing price of $53.96, with 3.19 million shares of worth about $171.97 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 18.07% during that period and on April 3, 2024 the price saw a gain of about 1.98%. Currently the company’s common shares owned by public are about 753.45M shares, out of which, 410.70M shares are available for trading.

However, the stock later moved at a day high price of 53.35, or with a gain of 1.98%. Stock saw a price change of 6.12% in past 5 days and over the past one month there was a price change of 6.43%. Year-to-date (YTD), LVS shares are showing a performance of 9.65% which decreased to -6.07% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $43.77 but also hit the highest price of $65.58 during that period. The average intraday trading volume for Las Vegas Sands Corp shares is 4.46 million. The stock is currently trading 4.81% above its 20-day simple moving average (SMA20), while that difference is up 3.96% for SMA50 and it goes to 5.11% higher than SMA200.

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Las Vegas Sands Corp (NYSE: LVS) currently have 753.45M outstanding shares and institutions hold larger chunk of about 45.85% of that.

The stock has a current market capitalization of $40.67B and its 3Y-monthly beta is at 1.15. PE ratio of stock for trailing 12 months is 33.78, while it has posted earnings per share of $1.60 in the same period. It has Quick Ratio of 1.30 while making debt-to-equity ratio of 3.47. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LVS, volatility over the week remained 2.10% while standing at 2.01% over the month.

Stock’s fiscal year EPS is expected to rise by 41.74% while it is estimated to increase by 15.61% in next year. EPS is likely to grow at an annualized rate of -1.75% for next 5-years, compared to annual growth of -12.26% made by the stock over the past 5-years.

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 Mizuho on March 26, 2024 offering a Buy rating for the stock and assigned a target price of $70 to it. Coverage by Susquehanna stated Las Vegas Sands Corp (LVS) stock as a Positive in their note to investors on December 15, 2023, suggesting a price target of $59 for the stock. On June 08, 2023, Jefferies Downgrade their recommendations, while on April 20, 2023, Wells Fargo Reiterated their ratings for the stock with a price target of $71. Stock get a Buy rating from Stifel on April 20, 2023.

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