Currently, there are 440.42M common shares owned by the public and among those 440.24M shares have been available to trade.
The company’s stock has a 5-day price change of -6.64% and -39.25% over the past three months. MLCO shares are trading -41.38% year to date (YTD), with the 12-month market performance down to -52.12% lower. It has a 12-month low price of $4.78 and touched a high of $11.43 over the same period. MLCO has an average intraday trading volume of 3.15 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 -7.12%, -22.01%, and -30.86% respectively.
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Institutional ownership of Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) shares accounts for 42.20% of the company’s 440.42M shares outstanding.
It has a market capitalization of $2.29B and a beta (3y monthly) value of 1.04. The earnings-per-share (ttm) stands at -$0.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.61% over the week and 5.43% over the month.
Earnings per share for the fiscal year are expected to increase by 154.55%, and 59.29% over the next financial year.
Looking at the support for the MLCO, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on July 18, 2024, with the firm’s price target at $10-$7. BofA Securities coverage for the Melco Resorts & Entertainment Ltd ADR (MLCO) stock in a research note released on May 29, 2024 offered a Buy rating with a price target of $10.40. Morgan Stanley was of a view on May 06, 2024 that the stock is Overweight, while Seaport Research Partners gave the stock Buy rating on April 15, 2024, issuing a price target of $10. Susquehanna on their part issued Positive rating on December 15, 2023.
