Melco Resorts & Entertainment Ltd ADR (MLCO) concluded trading on Thursday at a closing price of $7.04, with 2.94 million shares of worth about $20.71 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 13.00% during that period and on October 17, 2024 the price saw a loss of about -6.13%. 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 -10.32% in past 5 days and over the past one month there was a price change of 24.82%. Year-to-date (YTD), MLCO shares are showing a performance of -20.63% which decreased to -14.56% 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 $9.56 during that period. The average intraday trading volume for Melco Resorts & Entertainment Ltd ADR shares is 4.01 million. The stock is currently trading -6.30% below its 20-day simple moving average (SMA20), while that difference is up 12.50% for SMA50 and it goes to -1.95% lower 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 40.50% of that.
The stock has a current market capitalization of $3.10B and its 3Y-monthly beta is at 1.06. 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 4.61% while standing at 4.74% over the month.
Stock’s fiscal year EPS is expected to rise by 133.56% while it is estimated to increase by 137.61% 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.
