Melco Resorts & Entertainment Ltd ADR (MLCO) concluded trading on Wednesday at a closing price of $8.06, with 6.04 million shares of worth about $48.65 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 6.61% during that period and on October 02, 2024 the price saw a loss of about -1.35%. Currently the company’s common shares owned by public are about 440.42M shares, out of which, 440.15M shares are available for trading.
Stock saw a price change of 23.43% in past 5 days and over the past one month there was a price change of 59.60%. Year-to-date (YTD), MLCO shares are showing a performance of -9.13% which decreased to -13.61% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.78 but also hit the highest price of $9.83 during that period. The average intraday trading volume for Melco Resorts & Entertainment Ltd ADR shares is 3.80 million. The stock is currently trading 31.43% above its 20-day simple moving average (SMA20), while that difference is up 40.67% for SMA50 and it goes to 11.33% higher than SMA200.
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Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) currently have 440.42M outstanding shares and institutions hold larger chunk of about 41.03% of that.
The stock has a current market capitalization of $3.55B and its 3Y-monthly beta is at 1.05. It has posted earnings per share of -$0.31 in the same period. It has Quick Ratio of 1.26. 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 5.74% while standing at 4.69% over the month.
Stock’s fiscal year EPS is expected to rise by 139.64% while it is estimated to increase by 107.58% 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.
