Is Wynn Resorts Ltd (NASDAQ: WYNN) Proving The Doubters Wrong?

Wynn Resorts Ltd (WYNN) concluded trading on Thursday at a closing price of $93.22, with 9.52 million shares of worth about $887.5 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.01% during that period and on November 14, 2024 the price saw a gain of about 8.65%. Currently the company’s common shares owned by public are about 111.74M shares, out of which, 92.82M shares are available for trading.

Stock saw a price change of 6.94% in past 5 days and over the past one month there was a price change of -7.00%. Year-to-date (YTD), WYNN shares are showing a performance of 2.32% which increased to 7.00% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $71.63 but also hit the highest price of $110.38 during that period. The average intraday trading volume for Wynn Resorts Ltd shares is 2.85 million. The stock is currently trading -0.23% below its 20-day simple moving average (SMA20), while that difference is up 1.50% for SMA50 and it goes to 0.98% higher than SMA200.

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Wynn Resorts Ltd (NASDAQ: WYNN) currently have 111.74M outstanding shares and institutions hold larger chunk of about 66.33% of that.

The stock has a current market capitalization of $10.24B and its 3Y-monthly beta is at 1.77. PE ratio of stock for trailing 12 months is 11.26, while it has posted earnings per share of $8.28 in the same period. Its PEG reads 1.13 and has Quick Ratio of 1.50. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WYNN, volatility over the week remained 3.89% while standing at 2.75% over the month.

Stock’s fiscal year EPS is expected to rise by 21.44% while it is estimated to increase by 3.84% in next year. EPS is likely to grow at an annualized rate of 9.96% for next 5-years, compared to annual growth of 3.40% made by the stock over the past 5-years.

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 Morgan Stanley on September 27, 2024 offering an Overweight rating for the stock and assigned a target price range of between $97 and $104 to it. Coverage by Seaport Research Partners stated Wynn Resorts Ltd (WYNN) stock as a Buy in their note to investors on May 31, 2024, suggesting a price target of $116 for the stock. Stock get a Buy rating from Mizuho on April 04, 2024.

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