Melco Resorts & Entertainment Ltd ADR (NASDAQ:MLCO) has a beta value of 1.12 and has seen 5.74 million shares traded in the last trading session. The company, currently valued at $2.88B, closed the last trade at $6.58 per share which meant it gained $0.24 on the day or 3.79% during that session. The MLCO stock price is -112.77% off its 52-week high price of $14.00 and 7.29% above the 52-week low of $6.10. The 3-month trading volume is 2.95 million shares.
Melco Resorts & Entertainment Ltd ADR (NASDAQ:MLCO) trade information
Sporting 3.79% in the green in last session, the stock has traded in the green over the last five days, when the MLCO stock price touched $6.58 or saw a rise of 1.94%. Year-to-date, Melco Resorts & Entertainment Ltd ADR shares have moved -25.82%, while the 5-day performance has seen it change 6.65%. Over the past 30 days, the shares of Melco Resorts & Entertainment Ltd ADR (NASDAQ:MLCO) have changed -8.74%.
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 -21.48% over the past 6 months, with this year growth rate of 660.00%, compared to 12.00% 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 220.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 23.80%.
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 $1.15 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 25.60% for the current quarter and 20.80% for the next.
Earnings growth for 2024 is a modest 142.58% 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 in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
