Melco Resorts & Entertainment Ltd ADR (MLCO) concluded trading on Wednesday at a closing price of $6.10, with 3.76 million shares of worth about $22.96 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.31% during that period and on February 19, 2025 the price saw a loss of about -2.24%. Currently the company’s common shares owned by public are about 419.71M shares, out of which, 419.66M shares are available for trading.
Stock saw a price change of 15.53% in past 5 days and over the past one month there was a price change of 10.11%. Year-to-date (YTD), MLCO shares are showing a performance of 5.35% which decreased to -31.46% 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 $8.90 during that period. The average intraday trading volume for Melco Resorts & Entertainment Ltd ADR shares is 3.75 million. The stock is currently trading 7.05% above its 20-day simple moving average (SMA20), while that difference is up 3.40% for SMA50 and it goes to -6.84% lower than SMA200.
Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) currently have 419.71M outstanding shares and institutions hold larger chunk of about 36.43% of that.
The stock has a current market capitalization of $2.56B and its 3Y-monthly beta is at 1.02. 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 4.38% while standing at 4.32% over the month.
Analysts are in expectations that Melco Resorts & Entertainment Ltd ADR (MLCO) stock would likely to be making an EPS of 0.02 in the current quarter, while forecast for next quarter EPS is 0 and it is 0.26 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.0 which is 0.04 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.13 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 133.23% while it is estimated to increase by 116.22% 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 Citigroup on February 10, 2025 offering a Neutral rating for the stock and assigned a target price range of between $10 and $6 to it. Coverage by Morgan Stanley stated Melco Resorts & Entertainment Ltd ADR (MLCO) stock as an Equal-weight in their note to investors on December 17, 2024, suggesting a price target of $7.50 for the stock. On July 18, 2024, JP Morgan Downgrade their recommendations, while on May 29, 2024, BofA Securities Upgrade their ratings for the stock with a price target of $10.40. Stock get an Overweight rating from Morgan Stanley on May 06, 2024.
