In recent trading session, Melco Resorts & Entertainment Ltd ADR (NASDAQ:MLCO) saw 9.09 million shares changing hands at last check today with its beta currently measuring 1.05. Company’s recent per share price level of $5.16 trading at $0.02 or 0.29% at last check today assigns it a market valuation of $2.27B. That most recent trading price of MLCO’s stock is at a discount of -128.1% from its 52-week high price of $11.77 and is indicating a premium of 7.36% from its 52-week low price of $4.78. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.75 million shares which gives us an average trading volume of 2.94 million if we extend that period to 3-months.
For Melco Resorts & Entertainment Ltd ADR (MLCO), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.42. Splitting up the data highlights that, out of 6 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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Melco Resorts & Entertainment Ltd ADR (NASDAQ:MLCO) trade information
Upright in the green today for gaining 0.29%, in the last five days MLCO remained trading in the red while hitting it’s week-highest on Friday, 08/09/24 when the stock touched $5.16 price level, adding 9.31% to its value on the day. Melco Resorts & Entertainment Ltd ADR’s shares saw a change of -41.88% in year-to-date performance and have moved -8.76% in past 5-day. Melco Resorts & Entertainment Ltd ADR (NASDAQ:MLCO) showed a performance of -20.57% in past 30-days. Number of shares sold short was 9.5 million shares which calculate 4.06 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 10 to the stock, which implies a rise of 48.4% to its recent value today. Analysts have been projecting 7.5 as a low price target for the stock while placing it at a high target of 11.5. It follows that stock’s current price would drop -45.35% in reaching the projected high whereas dropping to the targeted low would mean a loss of -45.35% for stock’s current value.
Melco Resorts & Entertainment Ltd ADR (MLCO) estimates and forecasts
Statistics highlight that Melco Resorts & Entertainment Ltd ADR is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -43.85% of value to its shares in past 6 months, showing an annual growth rate of 600.00% while that of industry is 8.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
In 2024, company’s earnings growth rate is likely to be around 154.55% while estimates for its earnings growth in next 5 years are of 8.00%.
Melco Resorts & Entertainment Ltd ADR (NASDAQ:MLCO)’s Major holders
ARGA INVESTMENT MANAGEMENT, LP is the top institutional holder at MLCO for having 29.34 million shares of worth $211.51 million. And as of 2024-03-31, it was holding 6.7117 of the company’s outstanding shares.
The second largest institutional holder is CAPITAL RESEARCH GLOBAL INVESTORS, which was holding about 21.46 million shares on 2024-03-31. The number of shares represents firm’s hold over 4.9098 of outstanding shares, having a total worth of $154.73 million.
On the other hand, Smallcap World Fund and Vanguard International Value Fund are the top two Mutual Funds which own company’s shares. As of Mar 31, 2024, the former fund manager was holding 25.68 shares of worth $132.62 million or 4.72% of the total outstanding shares. The later fund manager was in possession of 6.01 shares on Apr 30, 2024, making its stake of worth around $31.03 million in the company or a holder of 1.11% of company’s stock.
