Wynn Resorts, Limited (NASDAQ:WYNN) has a beta value of 2.45 and has seen 2,379,583 shares traded in the recent trading session. The company, currently valued at $14.24 Billion, closed the recent trade at $122.07 per share which meant it lost -$6.79 on the day or -5.27% during that session. The WYNN stock price is -17.87% off its 52-week high price of $143.88 and 51.05% above the 52-week low of $59.75. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.77 Million shares traded. The 3-month trading volume is 2.8 Million shares.
The consensus among analysts is that Wynn Resorts, Limited (WYNN) is an Overweight stock at the moment, with a recommendation rating of 2.3. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 6 out of 15 have rated it as a Hold, with 6 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is -$1.98.
Wynn Resorts, Limited (NASDAQ:WYNN) trade information
Despite being -5.27% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Apr 29 when the WYNN stock price touched $132.1 or saw a rise of 7.71%. Year-to-date, Wynn Resorts, Limited shares have moved 8.05%, while the 5-day performance has seen it change -4.57%. Over the past 30 days, the shares of Wynn Resorts, Limited (NASDAQ:WYNN) have changed -4.83%. Short interest in the company has seen 6.1 Million shares shorted with days to cover at 2.18.
Wall Street analysts have a consensus price target for the stock at $124.46, which means that the shares’ value could jump 1.96% from the levels at last check today. The projected low price target is $99 while the price target rests at a high of $157. In that case, then, we find that the latest price level in today’s session is +28.61% off the targeted high while a plunge would see the stock lose -18.9% from the levels at last check today.
Wynn Resorts, Limited (WYNN) estimates and forecasts
Figures show that Wynn Resorts, Limited shares have outperformed across the wider relevant industry. The company’s shares have gained +78.5% over the past 6 months, with this year growth rate of 79.46%, compared to 18.9% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 44.1% and 76.5% for the next quarter. Revenue growth from the last financial year stood is estimated to be +109%.
11 analysts offering their estimates for the company have set an average revenue estimate of $775.98 Million for the current quarter. 11 have an estimated revenue figure of $958.93 Million for the next quarter concluding in June 01, 2021. Year-ago sales stood $953.72 Million and $85.7 Million respectively for this quarter and the next, and analysts expect sales will grow by -18.6% for the current quarter and 1019% for the next.
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 -64.6% over the past 5 years. Earnings growth for 2021 is a modest +78.9% while over the next 5 years, the company’s earnings are expected to increase by -1.1%.
Wynn Resorts, Limited (NASDAQ:WYNN)’s Major holders
Insiders own 8.84% of the company shares, while shares held by institutions stand at 73.19% with a share float percentage of 80.29%. Investors are also buoyed by the number of investors in a company, with Wynn Resorts, Limited having a total of 755 institutions that hold shares in the company. The top two institutional holders are Price (T.Rowe) Associates Inc with over 10.88 Million shares worth more than $1.23 Billion. As of December 30, 2020, Price (T.Rowe) Associates Inc held 9.41% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 10.08 Million shares as of December 30, 2020. The firm’s total holdings are worth over $1.14 Billion and represent 8.72% 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 March 30, 2021, the former fund manager holds about 5.57% shares in the company for having 6443158 shares of worth $807.78 Million while later fund manager owns 5.28 Million shares of worth $595.75 Million as of December 30, 2020, which makes it owner of about 4.57% of company’s outstanding stock.