Melco Resorts & Entertainment Ltd ADR (NASDAQ:MLCO) has a beta value of 1.13 and has seen 1.85 million shares traded in the last trading session. The company, currently valued at $3.11B, closed the last trade at $7.11 per share which meant it lost -$0.09 on the day or -1.25% during that session. The MLCO stock price is -103.23% off its 52-week high price of $14.45 and 7.03% above the 52-week low of $6.61. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.74 million shares traded. The 3-month trading volume is 3.32 million shares.
Melco Resorts & Entertainment Ltd ADR (NASDAQ:MLCO) trade information
Sporting -1.25% in the red in last session, the stock has traded in the red over the last five days, when the MLCO stock price touched $7.11 or saw a rise of 7.18%. Year-to-date, Melco Resorts & Entertainment Ltd ADR shares have moved -19.84%, while the 5-day performance has seen it change -2.60%. Over the past 30 days, the shares of Melco Resorts & Entertainment Ltd ADR (NASDAQ:MLCO) have changed -20.11%. Short interest in the company has seen 5.5 million shares shorted with days to cover at 1.86.
Melco Resorts & Entertainment Ltd ADR (MLCO) estimates and forecasts
Figures show that Melco Resorts & Entertainment Ltd ADR shares have outperformed across the wider relevant industry. The company’s shares have lost -31.70% over the past 6 months, with this year growth rate of 700.00%, compared to 13.10% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 116.70% and 240.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 22.60%.
4 analysts offering their estimates for the company have set an average revenue estimate of $1.12 billion for the current quarter. 4 have an estimated revenue figure of $1.14 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $891.99 million and $947.94 million respectively for this quarter and the next, and analysts expect sales will grow by 25.30% for the current quarter and 20.10% for the next.
Earnings growth for 2024 is a modest 134.23% while over the next 5 years, the company’s earnings are expected to increase by 8.00%.
MLCO Dividends
Melco Resorts & Entertainment Ltd ADR is expected to release its next earnings report between May 08 and May 13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Melco Resorts & Entertainment Ltd ADR (NASDAQ:MLCO)’s Major holders
Insiders own 0.00% of the company shares, while shares held by institutions stand at 41.33% with a share float percentage of 41.33%. Investors are also buoyed by the number of investors in a company, with Melco Resorts & Entertainment Ltd ADR having a total of 236 institutions that hold shares in the company. The top two institutional holders are ARGA Investment Management, LP with over 27.82 million shares worth more than $339.67 million. As of Jun 29, 2023, ARGA Investment Management, LP held 5.12% of shares outstanding.
The other major institutional holder is Capital Research Global Investors, with the holding of over 16.3 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $199.04 million and represent 3.00% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Smallcap World Fund and Vanguard International Value Fund. As of Jun 29, 2023, the former fund manager holds about 3.63% shares in the company for having 19.75 million shares of worth $241.18 million while later fund manager owns 9.94 million shares of worth $135.34 million as of Jul 30, 2023, which makes it owner of about 1.83% of company’s outstanding stock.
