Reassessing The Changing Outlook For Wynn Resorts Ltd. (WYNN)

Currently, there are 111.74M common shares owned by the public and among those 93.82M shares have been available to trade.

The company’s stock has a 5-day price change of 5.20% and -4.69% over the past three months. WYNN shares are trading -7.63% year to date (YTD), with the 12-month market performance down to -8.08% lower. It has a 12-month low price of $71.63 and touched a high of $110.38 over the same period. WYNN has an average intraday trading volume of 2.19 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 8.65%, 7.35%, and -8.01% respectively.

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Institutional ownership of Wynn Resorts Ltd. (NASDAQ: WYNN) shares accounts for 61.80% of the company’s 111.74M shares outstanding.

It has a market capitalization of $9.34B and a beta (3y monthly) value of 1.80. The stock’s trailing 12-month PE ratio is 11.17, while the earnings-per-share (ttm) stands at $7.53. The company has a PEG of 1.49 and a Quick Ratio of 1.27. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.24% over the week and 2.18% over the month.

Earnings per share for the fiscal year are expected to increase by 32.27%, and 2.63% over the next financial year. EPS should grow at an annualized rate of 7.51% over the next five years, compared to 3.40% over the past 5-year period.

Looking at the support for the WYNN, a number of firms have released research notes about the stock. Seaport Research Partners stated their Buy rating for the stock in a research note on May 31, 2024, with the firm’s price target at $116. Argus coverage for the Wynn Resorts Ltd. (WYNN) stock in a research note released on May 23, 2024 offered a Buy rating with a price target of $110. Seaport Research Partners was of a view on April 15, 2024 that the stock is Neutral, while Mizuho gave the stock Buy rating on April 04, 2024, issuing a price target of $131. Macquarie on their part issued Outperform rating on January 17, 2024.

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