Currently, there are 419.71M common shares owned by the public and among those 419.45M shares have been available to trade.
The company’s stock has a 5-day price change of -9.46% and -20.24% over the past three months. MLCO shares are trading -7.43% year to date (YTD), with the 12-month market performance down to -34.15% lower. It has a 12-month low price of $4.78 and touched a high of $9.39 over the same period. MLCO has an average intraday trading volume of 3.69 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.03%, -10.85%, and -18.56% respectively.
Institutional ownership of Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) shares accounts for 37.02% of the company’s 419.71M shares outstanding.
It has a market capitalization of $2.25B and a beta (3y monthly) value of 1.02. The earnings-per-share (ttm) stands at -$0.21. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.79% over the week and 3.94% over the month.
Earnings per share for the fiscal year are expected to increase by 132.96%, and 99.18% over the next financial year.
Looking at the support for the MLCO, a number of firms have released research notes about the stock. Morgan Stanley stated their Equal-Weight rating for the stock in a research note on December 17, 2024, with the firm’s price target at $9.60-$7.50. JP Morgan coverage for the Melco Resorts & Entertainment Ltd ADR (MLCO) stock in a research note released on July 18, 2024 offered a Neutral rating with a price target of $7. BofA Securities was of a view on May 29, 2024 that the stock is Buy, while Morgan Stanley gave the stock Overweight rating on May 06, 2024, issuing a price target of $8.30- $9.60. Seaport Research Partners on their part issued Buy rating on April 15, 2024.
