Wynn Resorts Ltd. (NASDAQ: WYNN) is -13.35% 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 $78.46 in the last trading session, with the day’s gains setting it 0.49%.
Currently trading at $78.95, the stock is 3.06% and -0.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.45 million and changing 0.62% at the moment leaves the stock -13.83% off its SMA200. WYNN registered -19.20% loss for a year compared to 6-month loss of -20.32%.
The stock witnessed a 3.69% gain in the last 1 month and extending the period to 3 months gives it a -11.09%, and is 2.65% 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 2.49% over the week and 2.00% over the month.
Wynn Resorts Ltd. (WYNN) has around 27800 employees, a market worth around $8.76B and $7.11B in sales. Current P/E ratio is 10.48 and Fwd P/E is 14.19. Profit margin for the company is 12.22%. Distance from 52-week low is 10.22% and -28.47% from its 52-week high. The company has generated returns on investments over the last 12 months (7.72%).
The EPS is expected to grow by 32.27% this year.
Wynn Resorts Ltd. (WYNN) Top Institutional Holders
798.0 institutions hold shares in Wynn Resorts Ltd. (WYNN), with institutional investors hold 73.54% of the company’s shares. The shares outstanding are 111.74M, and float is at 93.82M with Short Float at 5.07%. Institutions hold 62.21% 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
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Wynn Resorts Ltd. disclosed in a document filed with the SEC on May 13 ’24 that Myers Margaret Jane (Director) sold a total of 2,000 shares of the company’s common stock. The trade occurred on May 13 ’24 and was made at $98.05 per share for $0.2 million. Following the transaction, the insider now directly holds 17797.0 shares of the WYNN stock.
Still, SEC filings show that on May 28 ’24, ATKINS BETSY S (Director) disposed off 2,446 shares at an average price of $94.39 for $0.23 million. The insider now directly holds 9,226 shares of Wynn Resorts Ltd. (WYNN).
