Wynn Resorts Ltd. (NASDAQ: WYNN) is -16.79% lower on its value in year-to-date trading and has touched a low of $71.63 and a high of $110.38 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 WYNN stock was last observed hovering at around $76.88 in the last trading session, with the day’s loss setting it -1.07%.
Currently trading at $75.81, the stock is -0.05% and -6.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.04 million and changing -1.39% at the moment leaves the stock -17.68% off its SMA200. WYNN registered -25.22% loss for a year compared to 6-month loss of -23.98%.
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The stock witnessed a -1.29% gain in the last 1 month and extending the period to 3 months gives it a -20.12%, and is -1.85% down 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 2.03% over the week and 2.43% over the month.
Wynn Resorts Ltd. (WYNN) has around 27800 employees, a market worth around $8.41B and $7.11B in sales. Current P/E ratio is 10.06 and Fwd P/E is 13.32. Profit margin for the company is 12.22%. Distance from 52-week low is 5.84% and -31.32% from its 52-week high. The company has generated returns on investments over the last 12 months (7.72%).
with sales reaching $1.76B over the same period.The EPS is expected to grow by 33.48% this year, but quarterly earnings will post 10.50% year-over-year. Quarterly sales are estimated to grow 5.00% in year-over-year returns.
Wynn Resorts Ltd. (WYNN) Top Institutional Holders
799.0 institutions hold shares in Wynn Resorts Ltd. (WYNN), with institutional investors hold 73.74% of the company’s shares. The shares outstanding are 111.74M, and float is at 93.98M with Short Float at 4.64%. Institutions hold 62.38% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 11.03 million shares valued at $987.1 million. The investor’s holdings represent 9.934% of the WYNN Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 7.31 million shares valued at $$654.01 million to account for 6.5819 of the shares outstanding. The other top investors are STATE STREET CORP which holds 4.08 million shares representing 3.676% and valued at over $365.26 million, while ALKEON CAPITAL MANAGEMENT LLC holds 2.6121 of the shares totaling 2.9 million with a market value of $259.55 million.
Wynn Resorts Ltd. (WYNN) Insider Activity
The most recent transaction is an insider sale by Myers Margaret Jane,the company’sDirector. SEC filings show that Myers Margaret Jane sold 2,000 shares of the company’s common stock on May 13 ’24 at a price of $98.05 per share for a total of $0.2 million. Following the sale, the insider now owns 17797.0 shares.
Wynn Resorts Ltd. disclosed in a document filed with the SEC on May 28 ’24 that ATKINS BETSY S (Director) sold a total of 2,446 shares of the company’s common stock. The trade occurred on May 28 ’24 and was made at $94.39 per share for $0.23 million. Following the transaction, the insider now directly holds 9226.0 shares of the WYNN stock.
Still, SEC filings show that on Feb 09 ’24, Mulroy Patricia (Director) disposed off 960 shares at an average price of $105.17 for $0.1 million. The insider now directly holds 522 shares of Wynn Resorts Ltd. (WYNN).
