Wynn Resorts Ltd. (NASDAQ: WYNN) Loses -11.56% From High. Why That Could Change?

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 22.47% and 9.07% over the past three months. WYNN shares are trading 7.15% year to date (YTD), with the 12-month market performance up to 5.87% higher. 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 2.36 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 23.65%, 24.40%, and 6.64% respectively.

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Institutional ownership of Wynn Resorts Ltd. (NASDAQ: WYNN) shares accounts for 61.79% of the company’s 111.74M shares outstanding.

It has a market capitalization of $10.83B and a beta (3y monthly) value of 1.80. The stock’s trailing 12-month PE ratio is 12.96, while the earnings-per-share (ttm) stands at $7.53. The company has a PEG of 1.72 and a Quick Ratio of 1.27. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.35% over the week and 2.46% over the month.

Earnings per share for the fiscal year are expected to increase by 30.33%, and 2.44% 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. Morgan Stanley stated their Overweight rating for the stock in a research note on September 27, 2024, with the firm’s price target at $97-$104. Seaport Research Partners coverage for the Wynn Resorts Ltd. (WYNN) stock in a research note released on May 31, 2024 offered a Buy rating with a price target of $116. Mizuho on their part issued Buy rating on April 04, 2024.

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