In recent trading session, Melco Resorts & Entertainment Ltd ADR (NASDAQ:MLCO) saw 2.57 million shares changing hands at last check today with its beta currently measuring 1.04. Company’s recent per share price level of $7.36 trading at $0.83 or 12.71% at last check today assigns it a market valuation of $3.24B. That most recent trading price of MLCO’s stock is at a discount of -37.23% from its 52-week high price of $10.10 and is indicating a premium of 35.05% 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 3.39 million shares which gives us an average trading volume of 3.49 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. The company is expected to be making an EPS of 0.08 in the current quarter.
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Melco Resorts & Entertainment Ltd ADR (NASDAQ:MLCO) trade information
Upright in the green today for gaining 12.71%, in the last five days MLCO remained trading in the green while hitting it’s week-highest on Thursday, 09/26/24 when the stock touched $7.36 price level, adding 1.47% to its value on the day. Melco Resorts & Entertainment Ltd ADR’s shares saw a change of -17.02% in year-to-date performance and have moved 25.81% in past 5-day. Melco Resorts & Entertainment Ltd ADR (NASDAQ:MLCO) showed a performance of 36.04% in past 30-days. Number of shares sold short was 7.49 million shares which calculate 1.66 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 26.4% 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 -1.9% in reaching the projected high whereas dropping to the targeted low would mean a loss of -1.9% for stock’s current value.
Melco Resorts & Entertainment Ltd ADR (MLCO) estimates and forecasts
This year revenue growth is estimated to rise 22.90% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.17B for the same. And 4 analysts are in estimates of company making revenue of 1.21B in the next quarter. Company posted 1.02B and 1.09B of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around 145.51% while estimates for its earnings growth in next 5 years are of 8.00%.
Melco Resorts & Entertainment Ltd ADR (NASDAQ:MLCO)’s Major holders
CAPITAL RESEARCH GLOBAL INVESTORS is the top institutional holder at MLCO for having 31.12 million shares of worth $232.19 million. And as of 2024-06-30, it was holding 7.1208 of the company’s outstanding shares.
The second largest institutional holder is ARGA INVESTMENT MANAGEMENT, LP, which was holding about 29.47 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.7419 of outstanding shares, having a total worth of $219.83 million.
