Melco Resorts & Entertainment Ltd ADR (MLCO) concluded trading on Wednesday at a closing price of $5.71, with 3.82 million shares of worth about $21.8 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -28.27% during that period and on July 31, 2024 the price saw a loss of about -0.70%. 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 -1.72% in past 5 days and over the past one month there was a price change of -18.66%. Year-to-date (YTD), MLCO shares are showing a performance of -35.63% which decreased to -58.08% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.67 but also hit the highest price of $13.91 during that period. The average intraday trading volume for Melco Resorts & Entertainment Ltd ADR shares is 2.90 million. The stock is currently trading -10.56% below its 20-day simple moving average (SMA20), while that difference is down -22.39% for SMA50 and it goes to -25.86% 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 42.82% of that.
The stock has a current market capitalization of $2.50B and its 3Y-monthly beta is at 1.07. It has posted earnings per share of -$0.41 in the same period. It has Quick Ratio of 1.33. 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 4.19% while standing at 4.11% over the month.
Stock’s fiscal year EPS is expected to rise by 155.31% while it is estimated to increase by 80.73% 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 JP Morgan on July 18, 2024 offering a Neutral rating for the stock and assigned a target price range of between $10 and $7 to it. Coverage by BofA Securities stated Melco Resorts & Entertainment Ltd ADR (MLCO) stock as a Buy in their note to investors on May 29, 2024, suggesting a price target of $10.40 for the stock. On May 06, 2024, Morgan Stanley Upgrade their recommendations, while on April 15, 2024, Seaport Research Partners Initiated their ratings for the stock with a price target of $10. Stock get a Positive rating from Susquehanna on December 15, 2023.
