Is Wynn Resorts Ltd.’s (NASDAQ:WYNN) Stock Expensive Or Cheap At $89.70?

In recent trading session, Wynn Resorts Ltd. (NASDAQ:WYNN) saw 2.56 million shares changing hands at last check today with its beta currently measuring 1.80. Company’s recent per share price level of $89.70 trading at $5.57 or 6.62% at last check today assigns it a market valuation of $9.96B. That most recent trading price of WYNN’s stock is at a discount of -23.05% from its 52-week high price of $110.38 and is indicating a premium of 20.14% from its 52-week low price of $71.63. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.33 million shares which gives us an average trading volume of 2.25 million if we extend that period to 3-months.

For Wynn Resorts Ltd. (WYNN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.52. Splitting up the data highlights that, out of 12 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 10 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 1.07 in the current quarter.

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Wynn Resorts Ltd. (NASDAQ:WYNN) trade information

Upright in the green today for gaining 6.62%, in the last five days WYNN remained trading in the green while hitting it’s week-highest on Thursday, 09/26/24 when the stock touched $89.70 price level, adding 0.68% to its value on the day. Wynn Resorts Ltd.’s shares saw a change of -1.55% in year-to-date performance and have moved 11.87% in past 5-day. Wynn Resorts Ltd. (NASDAQ:WYNN) showed a performance of 16.43% in past 30-days. Number of shares sold short was 5.03 million shares which calculate 2.48 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 110.5 to the stock, which implies a rise of 18.82% to its recent value today. Analysts have been projecting 58.5 as a low price target for the stock while placing it at a high target of 134. It follows that stock’s current price would jump 34.78% in reaching the projected high whereas dropping to the targeted low would mean a gain of 34.78% for stock’s current value.

Wynn Resorts Ltd. (WYNN) estimates and forecasts

Statistics highlight that Wynn Resorts Ltd. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -11.88% of value to its shares in past 6 months, showing an annual growth rate of 32.68% while that of industry is 5.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 10.20% from the last financial year’s standing.

14 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.75B for the same. And 14 analysts are in estimates of company making revenue of 1.84B in the next quarter. Company posted 1.67B and 1.84B of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 3.40% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 32.27% while estimates for its earnings growth in next 5 years are of 7.51%.

WYNN Dividends

Wynn Resorts Ltd. is more likely to be releasing its next quarterly report on 2024-Nov-07 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. With an annual yield of 1.11%, the share has a forward dividend of 1.00 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 2.28%.

Wynn Resorts Ltd. (NASDAQ:WYNN)’s Major holders

Insiders are in possession of 15.41% of company’s total shares while institution are holding 62.22 percent of that, with stock having share float percentage of 73.56%. Investors also watch the number of corporate investors in a company very closely, which is 62.22% institutions for Wynn Resorts Ltd. that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at WYNN for having 11.03 million shares of worth $987.1 million. And as of 2024-06-30, it was holding 9.934 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 7.31 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.5819 of outstanding shares, having a total worth of $654.01 million.