In recent trading session, Melco Resorts & Entertainment Limited (NASDAQ:MLCO) saw 8.35 million shares changing hands at last check today with its beta currently measuring 1.84. Company’s recent per share price level of $11.10 trading at $1.58 or 16.65% at last check today assigns it a market valuation of $4.57B. That most recent trading price of MLCO’s stock is at a discount of -113.06% from its 52-week high price of $23.65 and is indicating a premium of 20.09% from its 52-week low price of $8.87. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.52 million shares which gives us an average trading volume of 3.14 million if we extend that period to 3-months.
Melco Resorts & Entertainment Limited (NASDAQ:MLCO) trade information
Upright in the green today for gaining 16.65%, in the last five days MLCO remained trading in the red while hitting it’s week-highest on Friday, 01/14/22 when the stock touched $11.10 price level, subtracting -0.45% to its value on the day. Melco Resorts & Entertainment Limited’s shares saw a change of -6.48% in year-to-date performance and have moved -2.46% in past 5-day. Melco Resorts & Entertainment Limited (NASDAQ:MLCO) showed a performance of -0.73% in past 30-days. Number of shares sold short was 8.05 million shares which calculate 2.34 days to cover the short interests.
Melco Resorts & Entertainment Limited (MLCO) estimates and forecasts
Statistics highlight that Melco Resorts & Entertainment Limited is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -36.24% of value to its shares in past 6 months, showing an annual growth rate of 54.72% while that of industry is 14.90. Apart from that, the company came raising its revenue forecast for fiscal year 2022.
Melco Resorts & Entertainment Limited is more likely to be releasing its next quarterly report between February 23 and February 28 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Melco Resorts & Entertainment Limited (NASDAQ:MLCO)’s Major holders
Insiders are in possession of 0.00% of company’s total shares while institution are holding 42.50 percent of that, with stock having share float percentage of 42.50%. Investors also watch the number of corporate investors in a company very closely, which is 42.50% institutions for Melco Resorts & Entertainment Limited that are currently holding shares of the company. Hardman Johnston Global Advisors LLC is the top institutional holder at MLCO for having 21.31 million shares of worth $218.22 million. And as of Sep 29, 2021, it was holding 4.47% of the company’s outstanding shares.
The second largest institutional holder is Capital World Investors, which was holding about 21.05 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 4.41% of outstanding shares, having a total worth of $215.58 million.
On the other hand, Europacific Growth Fund and Vanguard International Value Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 13.89 million shares of worth $142.26 million or 2.91% of the total outstanding shares. The later fund manager was in possession of 8.88 million shares on Oct 30, 2021, making its stake of worth around $96.19 million in the company or a holder of 1.86% of company’s stock.