Is Las Vegas Sands Corp (NYSE: LVS) Proving The Doubters Wrong?

Las Vegas Sands Corp (LVS) concluded trading on Thursday at a closing price of $50.07, with 3.34 million shares of worth about $167.37 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.76% during that period and on November 21, 2024 the price saw a gain of about 0.32%. Currently the company’s common shares owned by public are about 753.45M shares, out of which, 378.86M shares are available for trading.

Stock saw a price change of 3.17% in past 5 days and over the past one month there was a price change of -1.90%. Year-to-date (YTD), LVS shares are showing a performance of 1.75% which increased to 1.27% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $36.62 but also hit the highest price of $55.65 during that period. The average intraday trading volume for Las Vegas Sands Corp shares is 6.48 million. The stock is currently trading -1.32% below its 20-day simple moving average (SMA20), while that difference is up 1.10% for SMA50 and it goes to 7.13% higher than SMA200.

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Las Vegas Sands Corp (NYSE: LVS) currently have 753.45M outstanding shares and institutions hold larger chunk of about 46.95% of that.

The stock has a current market capitalization of $36.30B and its 3Y-monthly beta is at 1.11. PE ratio of stock for trailing 12 months is 24.88, while it has posted earnings per share of $2.01 in the same period. Its PEG reads 1.42 and has Quick Ratio of 0.89 while making debt-to-equity ratio of 4.09. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LVS, volatility over the week remained 2.08% while standing at 2.22% over the month.

Stock’s fiscal year EPS is expected to rise by 23.40% while it is estimated to increase by 17.13% in next year. EPS is likely to grow at an annualized rate of 17.58% for next 5-years, compared to annual growth of -12.26% 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 UBS on August 23, 2024 offering a Neutral rating for the stock and assigned a target price range of between $70 and $49 to it. On April 15, 2024, Seaport Research Partners Initiated their recommendations, while on March 26, 2024, Mizuho Initiated their ratings for the stock with a price target of $70. Stock get a Positive rating from Susquehanna on December 15, 2023.

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