Currently, there are 419.71M common shares owned by the public and among those 419.45M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 12 analysts who have offered their price forecasts for MLCO have a consensus price objective of $7.38. The analysts have set the share’s price value over the next 12 months at a high of $9.20 and a low of $5.50. The average price target is 25.61% above its recent price level and an upside to the estimated low will see the stock gain 0.18% over that period. But an upside of 40.33% will see the stock hit the forecast high price target while median target price for the stock is $7.30.
The company’s stock has a 5-day price change of -2.83% and -15.41% over the past three months. MLCO shares are trading -5.18% year to date (YTD), with the 12-month market performance down to -26.90% lower. It has a 12-month low price of $4.78 and touched a high of $8.90 over the same period. MLCO has an average intraday trading volume of 3.82 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 -4.55%, -3.25%, and -14.01% respectively.
Institutional ownership of Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) shares accounts for 36.43% of the company’s 419.71M shares outstanding.
It has a market capitalization of $2.30B and a beta (3y monthly) value of 0.86. The stock’s trailing 12-month PE ratio is 56.08, while the earnings-per-share (ttm) stands at $0.10. The company has a PEG of 0.55 and a Quick Ratio of 1.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.34% over the week and 5.11% over the month.
Earnings per share for the fiscal year are expected to increase by 291.39%, and 56.07% over the next financial year. EPS should grow at an annualized rate of 101.20% over the next five years, compared to -33.61% over the past 5-year period.
Looking at the support for the MLCO, a number of firms have released research notes about the stock. Morgan Stanley stated their Overweight rating for the stock in a research note on March 03, 2025, with the firm’s price target at $7.50-$6.70. Citigroup coverage for the Melco Resorts & Entertainment Ltd ADR (MLCO) stock in a research note released on February 10, 2025 offered a Neutral rating with a price target of $6. Morgan Stanley was of a view on December 17, 2024 that the stock is Equal-Weight, while JP Morgan gave the stock Neutral rating on July 18, 2024, issuing a price target of $10- $7. BofA Securities on their part issued Buy rating on May 29, 2024.
