Melco Resorts & Entertainment Limited (NASDAQ: MLCO) is -44.99% lower on its value in year-to-date trading and has touched a low of $4.06 and a high of $12.40 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MLCO stock was last observed hovering at around $6.05 in the last trading session, with the day’s loss setting it -0.45% off its average median price target of $7.80 for the next 12 months. It is also 57.89% off the consensus price target high of $13.30 offered by 13 analysts, but current levels are -12.0% lower than the price target low of $5.00 for the same period.
Currently trading at $5.60, the stock is 0.87% and 3.58% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.46 million and changing -7.44% at the moment leaves the stock -23.40% off its SMA200. MLCO registered -44.22% loss for a year compared to 6-month loss of -33.17%.
The stock witnessed a 10.45% gain in the last 1 month and extending the period to 3 months gives it a -1.41%, and is 0.90% 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 7.49% over the week and 7.51% over the month.
Melco Resorts & Entertainment Limited (MLCO) has around 17878 employees, a market worth around $2.68B and $1.70B in sales. Profit margin for the company is -48.80%. Distance from 52-week low is 37.93% and -54.84% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.50%).
Melco Resorts & Entertainment Limited (MLCO) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Melco Resorts & Entertainment Limited (MLCO) is a “Overweight”. 13 analysts offering their recommendations for the stock, where 4 rate it as a Hold and 1 think it is a “Overweight”. 8 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Melco Resorts & Entertainment Limited is expected to release its quarterly report on 11/10/2022.The EPS is expected to grow by 35.80% this year
Melco Resorts & Entertainment Limited (MLCO) Top Institutional Holders
The shares outstanding are 473.81M, and float is at 459.37M with Short Float at 2.05%.
Melco Resorts & Entertainment Limited (MLCO): Who are the competitors?
The company’s main competitors (and peers) include Las Vegas Sands Corp. (LVS) that is 2.89% higher over the past 12 months. Wynn Resorts Limited (WYNN) is -18.76% down on the 1-year trading charts.