Melco Resorts & Entertainment Ltd ADR (MLCO) concluded trading on Wednesday at a closing price of $6.40, with 8.38 million shares of worth about $53.66 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -27.11% during that period and on April 17, 2024 the price saw a loss of about -7.11%. Currently the company’s common shares owned by public are about 437.09M shares, out of which, 436.82M shares are available for trading.
However, the stock later moved at a day high price of 6.89, or with a loss of -7.11%. Stock saw a price change of -11.48% in past 5 days and over the past one month there was a price change of -9.99%. Year-to-date (YTD), MLCO shares are showing a performance of -27.85% which decreased to -50.88% 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 2.94 million. The stock is currently trading -10.36% below its 20-day simple moving average (SMA20), while that difference is down -17.00% for SMA50 and it goes to -30.13% 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 40.42% of that.
The stock has a current market capitalization of $2.80B and its 3Y-monthly beta is at 1.10. 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 4.44% while standing at 3.56% over the month.
Analysts are in expectations that Melco Resorts & Entertainment Ltd ADR (MLCO) stock would likely to be making an EPS of $MicroAlgo, Inc. in the current quarter, while forecast for next quarter EPS is $2.36 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Melco Resorts & Entertainment L which is $Bausch Lomb Corporation 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 $Cool Company Ltd. in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 140.42% while it is estimated to increase by 131.61% 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 Seaport Research Partners on April 15, 2024 offering a Buy rating for the stock and assigned a target price of $10 to it. Coverage by Susquehanna stated Melco Resorts & Entertainment Ltd ADR (MLCO) stock as a Positive in their note to investors on December 15, 2023, suggesting a price target of $15 for the stock. Stock get an Outperform rating from Credit Suisse on June 20, 2023.
