Melco Resorts & Entertainment Ltd ADR (NASDAQ:MLCO) has a beta value of 1.06 and has seen 1.03 million shares traded in the recent trading session. The company, currently valued at $3.26B, closed the recent trade at $7.40 per share which meant it lost -$0.31 on the day or -4.02% during that session. The MLCO stock price is -29.19% off its 52-week high price of $9.56 and 35.41% above the 52-week low of $4.78. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.56 million shares traded. The 3-month trading volume is 3.99 million shares.
The consensus among analysts is that Melco Resorts & Entertainment Ltd ADR (MLCO) is Buy stock at the moment, with a recommendation rating of 1.58. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 6 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.07.
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Melco Resorts & Entertainment Ltd ADR (NASDAQ:MLCO) trade information
Sporting -4.02% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the MLCO stock price touched $7.40 or saw a rise of 8.42%. Year-to-date, Melco Resorts & Entertainment Ltd ADR shares have moved -16.57%, while the 5-day performance has seen it change -7.62%. Over the past 30 days, the shares of Melco Resorts & Entertainment Ltd ADR (NASDAQ:MLCO) have changed 31.91%. Short interest in the company has seen 7.2 million shares shorted with days to cover at 1.85.
Wall Street analysts have a consensus price target for the stock at $10, which means that the shares’ value could jump 26.0% from the levels at last check today. The projected low price target is $9.2 while the price target rests at a high of $11.5. In that case, then, we find that the latest price level in today’s session is -55.41% off the targeted high while a plunge would see the stock gain -24.32% from the levels at last check today.
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 gained 7.40% over the past 6 months, with this year growth rate of 500.00%, compared to 7.20% for the industry. Revenue growth from the last financial year stood is estimated to be 22.10%.
4 analysts offering their estimates for the company have set an average revenue estimate of 1.15B for the current quarter. 4 have an estimated revenue figure of 1.19B for the next ending quarter. Year-ago sales stood 1.02B and 1.09B respectively for this quarter and the next, and analysts expect sales will grow by 12.60% for the current quarter and 22.10% for the next.
Earnings growth for 2024 is a modest 134.30% 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 on 2024-Aug-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
The top two institutional holders are CAPITAL RESEARCH GLOBAL INVESTORS with over 31.12 million shares worth more than $232.19 million. As of 2024-06-30, CAPITAL RESEARCH GLOBAL INVESTORS held 7.1208% of shares outstanding.
The other major institutional holder is ARGA INVESTMENT MANAGEMENT, LP, with the holding of over 29.47 million shares as of 2024-06-30. The firm’s total holdings are worth over $219.83 million and represent 6.7419% 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 30, 2024, the former fund manager holds about 6.26% shares in the company for having 34.03 shares of worth $252.69 million while later fund manager owns 6.01 shares of worth $44.61 million as of Jul 31, 2024, which makes it owner of about 1.11% of company’s outstanding stock.
