Melco Resorts & Entertainment Ltd ADR (MLCO) concluded trading on Wednesday at a closing price of $6.18, with 5.1 million shares of worth about $31.54 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -20.87% during that period and on December 18, 2024 the price saw a loss of about -2.52%. Currently the company’s common shares owned by public are about 419.71M shares, out of which, 419.45M shares are available for trading.
Stock saw a price change of -11.21% in past 5 days and over the past one month there was a price change of 3.00%. Year-to-date (YTD), MLCO shares are showing a performance of -30.33% which decreased to -28.47% 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 3.52 million. The stock is currently trading -4.11% below its 20-day simple moving average (SMA20), while that difference is down -7.75% for SMA50 and it goes to -9.12% lower than SMA200.
Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) currently have 419.71M outstanding shares and institutions hold larger chunk of about 37.31% of that.
The stock has a current market capitalization of $2.59B and its 3Y-monthly beta is at 1.04. It has posted earnings per share of -$0.21 in the same period. It has Quick Ratio of 1.16. 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 4.11% while standing at 3.85% over the month.
Stock’s fiscal year EPS is expected to rise by 134.24% while it is estimated to increase by 85.90% 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 Morgan Stanley on December 17, 2024 offering an Equal-weight rating for the stock and assigned a target price range of between $9.60 and $7.50 to it. Coverage by JP Morgan stated Melco Resorts & Entertainment Ltd ADR (MLCO) stock as a Neutral in their note to investors on July 18, 2024, suggesting a price target of $7 for the stock. On May 29, 2024, BofA Securities Upgrade their recommendations, while on May 06, 2024, Morgan Stanley Upgrade their ratings for the stock with a price target of $9.60. Stock get a Buy rating from Seaport Research Partners on April 15, 2024.
