In today’s recent session, 1,680,011 shares of the Wynn Resorts, Limited (NASDAQ:WYNN) have been traded, and its beta is 2.5. Most recently the company’s share price was $131.86, and it changed around -$4.51 or -0.03% from the last close, which brings the market valuation of the company to $15.27 Billion. WYNN at last check was trading at a discount to its 52-week high of $143.88, offering almost -9.12% off that amount. The share price’s 52-week low was $59.75, which indicates that the recent value has risen by an impressive 54.69% since then. We note from Wynn Resorts, Limited’s average daily trading volume that its 10-day average is 1.77 Million shares, with the 3-month average coming to 2.8 Million.
Wynn Resorts, Limited stock received a consensus recommendation rating of Overweight, based on a mean score of 2.3. If we narrow it down even further, the data shows that none out of 15 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 7 recommended WYNN as a Hold, whereas 6 deemed it a Buy, and 1 rated it as Underweight. Wynn Resorts, Limited is expected to report earnings per share of -$1.92 for the current quarter.
Wynn Resorts, Limited (NASDAQ:WYNN): Trading Information Today
Although WYNN has been showing red trend so far today with a performance of -3.31% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $137.4 on Tuesday, Apr 06 increased the stock’s daily price by 3.88%. The company’s shares are currently up 0.17% year-to-date, but still up 0.053 over the last five days. On the other hand, Wynn Resorts, Limited (NASDAQ:WYNN) is -0.01% down in the 30-day period. We can see from the shorts that 5.98 Million shares have been sold at a short interest cover period of 2.14 day (s).
The consensus price target as assigned by Wall Street analysts is $122.08, which translates to bears needing to reduce their stock price by -7.42% from its current value. Analyst projections state that WYNN is forecast to be at a low of $99 and a high of $157. In order for the stock price to hit the forecast high, the stock would need to surge +19.07% from its current level, while the stock would need to crash -24.92% from its current level to reach the projected low.
Wynn Resorts, Limited (WYNN) projections and forecasts
Wynn Resorts, Limited share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +86.3 percent over the past six months and at a -78.99% annual growth rate that is well below the industry average of 22.1%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +45.8% in revenue this quarter, and will report an increase of 76.7% in the next quarter. The year-over-year growth rate is expected to be 110.8%, up from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of $782.59 Million in revenue for the current quarter. 11 analysts expect Wynn Resorts, Limited to make $960.79 Million in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $953.72 Million and $85.7 Million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -17.9%. Forecasts for the next quarter put sales growth at 1021.1%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -64.6%. Wynn Resorts, Limited earnings are expected to increase by 80.8% in 2021, but the outlook is negative -1.1% per year for the next five years.
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Wynn Resorts, Limited (NASDAQ:WYNN)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 8.84% of Wynn Resorts, Limited shares, and 72.81% of them are in the hands of institutional investors. The stock currently has a share float of 79.87%. Wynn Resorts, Limited stock is held by 740 institutions, with Price (T.Rowe) Associates Inc being the largest institutional investor. By Dec 30, 2020, it held 9.41% of the shares, which is about 10.88 Million shares worth $1.23 Billion.
Vanguard Group, Inc. (The), with 8.72% or 10.08 Million shares worth $1.14 Billion as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Washington Mutual Investors Fund and Price (T.Rowe) Growth Stock Fund Inc. were the top two Mutual Funds as of Jan 30, 2021. The former held 6444546 shares worth $641.43 Million, making up 5.57% of all outstanding shares. On the other hand, Price (T.Rowe) Growth Stock Fund Inc. held roughly 5.28 Million shares worth around $595.75 Million, which represents about 4.57% of the total shares outstanding.