In the last trading session, 2.47 million Melco Resorts & Entertainment Ltd ADR (NASDAQ:MLCO) shares changed hands as the company’s beta touched 1.05. With the company’s per share price at $8.21 changed hands at $0.04 or 0.49% during last session, the market valuation stood at $3.62B. MLCO’s last price was a discount, traded about -19.73% off its 52-week high of $9.83. The share price had its 52-week low at $4.78, which suggests the last value was 41.78% up since then. When we look at Melco Resorts & Entertainment Ltd ADR’s average trading volume, we note the 10-day average is 4.9 million shares, with the 3-month average coming to 3.80 million.

Analysts gave the Melco Resorts & Entertainment Ltd ADR (MLCO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.42. If we narrow down to specifics, the data shows that 0 out of 6 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended MLCO as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Melco Resorts & Entertainment Ltd ADR’s EPS for the current quarter is expected to be 0.08.

Melco Resorts & Entertainment Ltd ADR (NASDAQ:MLCO) trade information

Instantly MLCO was in green as seen at the end of in last trading. With action 25.73%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -7.44%, with the 5-day performance at 25.73% in the green. However, in the 30-day time frame, Melco Resorts & Entertainment Ltd ADR (NASDAQ:MLCO) is 62.57% up. Looking at the short shares, we see there were 7.49 million shares sold at short interest cover period of 1.66 days.

The consensus price target for the stock as assigned by Wall Street analysts is 10, meaning bulls need an upside of 17.9% from its current market value. According to analyst projections, MLCO’s forecast low is 7.5 with 11.5 as the target high. To hit the forecast high, the stock’s price needs a -40.07% plunge from its current level, while the stock would need to tank 8.65% for it to hit the projected low.

Melco Resorts & Entertainment Ltd ADR (MLCO) estimates and forecasts

Data shows that the Melco Resorts & Entertainment Ltd ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 8.60% over the past 6 months, a 500.00% in annual growth rate that is considerably higher than the industry average of 6.00%. Year-over-year growth is forecast to reach 22.70% up from the last financial year.

Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 1.17B. 4 analysts are of the opinion that Melco Resorts & Entertainment Ltd ADR’s revenue for the current quarter will be 1.21B. The company’s revenue for the corresponding quarters a year ago was 1.02B and 1.09B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 15.00%. The estimates for the next quarter sales put growth at 11.00%.

The 2024 estimates are for Melco Resorts & Entertainment Ltd ADR earnings to increase by 139.64%, but the outlook for the next 5-year period is at 8.00% per year.

MLCO Dividends

Melco Resorts & Entertainment Ltd ADR is expected to release its next quarterly earnings report on 2024-Aug-13. During the past 5 years, the average dividend yield was 1.9 per year.

Melco Resorts & Entertainment Ltd ADR (NASDAQ:MLCO)’s Major holders

ARGA INVESTMENT MANAGEMENT, LP holds the second largest percentage of outstanding shares, with 6.7419% or 29.47 million shares worth $219.83 million as of 2024-06-30.