WYNN Stock Forecast: All the More Reason to Consider Wynn Resorts Ltd. (WYNN) Now

Wynn Resorts Ltd. (NASDAQ: WYNN) is 16.04% higher on its value in year-to-date trading and has touched a low of $81.65 and a high of $117.86 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 $105.60 in the last trading session, with the day’s gains setting it 0.12%.

Currently trading at $105.72, the stock is 9.52% and 14.63% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.87 million and changing 0.11% at the moment leaves the stock 8.65% off its SMA200. WYNN registered -2.64% loss for a year compared to 6-month loss of 5.14%. The firm has a 50-day simple moving average (SMA 50) of $3.33 and a 200-day simple moving average (SMA200) of $12.63.

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The stock witnessed a 12.59% gain in the last 1 month and extending the period to 3 months gives it a 16.62%, and is 8.44% 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 2.61% over the week and 2.35% over the month.

Wynn Resorts Ltd. (WYNN) has around Feb 16 2024 employees, a market worth around $11.94B and $6.53B in sales. Current P/E ratio is 17.70 and Fwd P/E is 18.93. Profit margin for the company is 11.18%. Distance from 52-week low is 29.48% and -10.30% from its 52-week high. The company has generated returns on investments over the last 12 months (5.85%).

Wynn Resorts Ltd. quarterly earnings per share for the current quarter are estimated at $1.2 with sales reaching $1.76B over the same period.The EPS is expected to grow by 20.63% this year, but quarterly earnings will post 8.90% year-over-year. Quarterly sales are estimated to grow 28.20% in year-over-year returns.

Wynn Resorts Ltd. (WYNN) Top Institutional Holders

764 institutions hold shares in Wynn Resorts Ltd. (WYNN), with institutional investors hold 76.62% of the company’s shares. The shares outstanding are 113.37M, and float is at 95.80M with Short Float at 5.18%. Institutions hold 65.04% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 11.22 million shares valued at $1.19 billion. The investor’s holdings represent 9.85% of the WYNN Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 6.96 million shares valued at $734.91 million to account for 6.11% of the shares outstanding. The other top investors are Capital International Investors which holds 4.13 million shares representing 3.62% and valued at over $435.75 million, while State Street Corporation holds 3.43% of the shares totaling 3.91 million with a market value of $412.94 million.

Wynn Resorts Ltd. (WYNN) Insider Activity

A total of 3 insider transactions have happened at Wynn Resorts Ltd. (WYNN) in the last six months, with sales accounting for 3 and purchases happening 0 times. The most recent transaction is an insider sale by CAMERON-DOE JULIE,the company’sCFO. SEC filings show that CAMERON-DOE JULIE sold 6,383 shares of the company’s common stock on Feb 09 at a price of $105.27 per share for a total of $0.67 million. Following the sale, the insider now owns 78150.0 shares.

Wynn Resorts Ltd. disclosed in a document filed with the SEC on Feb 09 that Mulroy Patricia (Director) sold a total of 960 shares of the company’s common stock. The trade occurred on Feb 09 and was made at $105.17 per share for $0.1 million. Following the transaction, the insider now directly holds 522.0 shares of the WYNN stock.

Still, SEC filings show that on Feb 08, Billings Craig Scott (CEO) disposed off 19,235 shares at an average price of $108.00 for $2.08 million. The insider now directly holds 307,904 shares of Wynn Resorts Ltd. (WYNN).

Wynn Resorts Ltd. (WYNN): Who are the competitors?

The company’s main competitors (and peers) include Las Vegas Sands Corp. (LVS) that is trading -5.32% down over the past 12 months. DraftKings Inc. Cl A (DKNG) that is 170.20% higher over the same period.