Wynn Resorts Limited (NASDAQ: WYNN) is 16.17% higher on its value in year-to-date trading and has touched a low of $46.21 and a high of $143.88 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WYNN stock was last observed hovering at around $128.10 in the last trading session, with the day’s gains setting it 2.97% off its average median price target of $120.00 for the next 12 months. It is also 16.52% off the consensus price target high of $157.00 offered by 15 analysts, but current levels are -32.39% lower than the price target low of $99.00 for the same period.
Currently trading at $131.07, the stock is -0.72% and 6.16% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.73 million and changing 2.32% at the moment leaves the stock 36.14% off its SMA200. WYNN registered 148.85% gain for a year compared to 6-month gain of 81.86%. The firm has a 50-day simple moving average (SMA 50) of $130.87 and a 200-day simple moving average (SMA200) of $103.98.
The stock witnessed a -1.37% loss in the last 1 month and extending the period to 3 months gives it a 16.17%, and is 2.86% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.05% over the week and 3.88% over the month.
Wynn Resorts Limited (WYNN) has around 27500 employees, a market worth around $14.83B and $2.10B in sales. Fwd P/E is 72.98. Profit margin for the company is -98.60%. Distance from 52-week low is 183.64% and -8.90% from its 52-week high. The company has generated returns on investments over the last 12 months (-14.10%).
Wynn Resorts Limited (WYNN) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Wynn Resorts Limited (WYNN) is a “Overweight”. 15 analysts offering their recommendations for the stock have an average rating of 2.30, where 8 rate it as a Hold and 1 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Wynn Resorts Limited is expected to release its quarterly report on 07/28/2021 and quarterly earnings per share for the current quarter are estimated at -$1.94 with sales reaching $782.59M over the same period.The EPS is expected to grow by 80.80% this year, but quarterly earnings will post 110.80% year-over-year. Quarterly sales are estimated to shrink -17.90% in year-over-year returns.
Wynn Resorts Limited (WYNN) Top Institutional Holders
737 institutions hold shares in Wynn Resorts Limited (WYNN), with 10.14M shares held by insiders accounting for 8.84% while institutional investors hold 79.60% of the company’s shares. The shares outstanding are 106.82M, and float is at 105.39M with Short Float at 5.68%. Institutions hold 72.56% of the Float.
The top institutional shareholder in the company is Price (T.Rowe) Associates Inc with over 10.88 million shares valued at $1.23 billion. The investor’s holdings represent 9.41% of the WYNN Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 10.08 million shares valued at $1.14 billion to account for 8.72% of the shares outstanding. The other top investors are Blackrock Inc. which holds 6.74 million shares representing 5.83% and valued at over $760.48 million, while Capital International Investors holds 5.74% of the shares totaling 6.64 million with a market value of $749.21 million.
Wynn Resorts Limited (WYNN) Insider Activity
A total of 22 insider transactions have happened at Wynn Resorts Limited (WYNN) in the last six months, with sales accounting for 15 and purchases happening 7 times. The most recent transaction is an insider sale by Billings Craig Scott ,the company’sPresident and CFO. SEC filings show that Billings Craig Scott sold 3,015 shares of the company’s common stock on Mar 25 at a price of $127.50 per share for a total of $0.38 million. Following the sale, the insider now owns 0.1 million shares.
Wynn Resorts Limited disclosed in a document filed with the SEC on Feb 16 that Mulroy Patricia (Director) sold a total of 400 shares of the company’s common stock. The trade occurred on Feb 16 and was made at $119.79 per share for $47916.0. Following the transaction, the insider now directly holds 6897.0 shares of the WYNN stock.
Still, SEC filings show that on Jan 05, Whittemore Ellen F (EVP and General Counsel) disposed off 2,500 shares at an average price of $108.13 for $0.27 million. The insider now directly holds 27,174 shares of Wynn Resorts Limited (WYNN).
Wynn Resorts Limited (WYNN): Who are the competitors?
The company’s main competitors (and peers) include Monarch Casino & Resort Inc. (MCRI) that is 148.38% higher over the past 12 months. Boyd Gaming Corporation (BYD) is 411.65% up on the 1-year trading charts. Short interest in the company’s stock has fallen -20.4% from the last report on Feb 11, 2021 to stand at a total of 7.2 million short shares sold with a short interest ratio of 2.08.