Wynn Resorts, Limited (NASDAQ:WYNN) has a beta value of 2.5 and has seen 4,125,342 shares traded in the recent trading session. The company, currently valued at $7.96 Billion, closed the recent trade at $73.79 per share which meant it gained $4.7 on the day or 6.86% during that session. The WYNN stock price is -107.9% off its 52-week high price of $153.41 and 51.43% above the 52-week low of $35.84. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.14 Million shares traded. The 3-month trading volume is 6.44 Million shares.
The consensus among analysts is that Wynn Resorts, Limited (WYNN) is an Overweight stock at the moment, with a recommendation rating of 2. None of the analysts rate the stock as a Sell, while 2 rate it as Overweight. 6 out of 19 have rated it as a Hold, with 11 advising it as a Buy. None have rated the stock as Underweight.
Wynn Resorts, Limited (NASDAQ:WYNN) trade information
Sporting 6.02% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 23 when the WYNN stock price touched $85.34- or saw a rise of 14.87%. Year-to-date, Wynn Resorts, Limited shares have moved -47.68%, while the 5-day performance has seen it change -12.81%. Over the past 30 days, the shares of Wynn Resorts, Limited (NASDAQ:WYNN) have changed -12.76%. Short interest in the company has seen 9.68 Million shares shorted with days to cover at 1.5.
Wall Street analysts have a consensus price target for the stock at $97.76, which means that the shares’ value could jump 32.48% from current levels. The projected low price target is $72 while the price target rests at a high of $129. In that case, then, we find that the current price level is +74.82% off the targeted high while a plunge would see the stock lose -2.43% from current levels.
Wynn Resorts, Limited (WYNN) estimates and forecasts
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -30.7% over the past 5 years. Earnings growth for 2020 is a modest -32.2% while over the next 5 years, the company’s earnings are expected to increase by 23.63%.
Wynn Resorts, Limited (NASDAQ:WYNN)’s Major holders
Insiders own 9.71% of the company shares, while shares held by institutions stand at 79.2% with a share float percentage of 87.72%. Investors are also buoyed by the number of investors in a company, with Wynn Resorts, Limited having a total of 661 institutions that hold shares in the company. The top two institutional holders are Price (T.Rowe) Associates Inc with over 12.28 Million shares worth more than $739.26 Million. As of March 30, 2020, Price (T.Rowe) Associates Inc held 11.39% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 10.29 Million shares as of March 30, 2020. The firm’s total holdings are worth over $619.35 Million and represent 9.54% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Washington Mutual Investors Fund and Price (T.Rowe) Growth Stock Fund Inc. As of December 30, 2019, the former fund manager holds about 5.3% shares in the company for having 5715117 shares of worth $793.66 Million while later fund manager owns 4.7 Million shares of worth $283.04 Million as of March 30, 2020, which makes it owner of about 4.36% of company’s outstanding stock.