Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) is -21.65% lower on its value in year-to-date trading and has touched a low of $4.78 and a high of $9.56 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 $7.13 in the last trading session, with the day’s loss setting it -0.18%.
Currently trading at $6.95, the stock is -8.77% and 10.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.84 million and changing -2.52% at the moment leaves the stock -2.92% off its SMA200. MLCO registered -13.45% loss for a year compared to 6-month loss of 12.64%. The firm has a 50-day simple moving average (SMA 50) of $6.3152 and a 200-day simple moving average (SMA200) of $7.15925.
The stock witnessed a 16.42% gain in the last 1 month and extending the period to 3 months gives it a 14.31%, and is -9.86% 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 4.14% over the week and 4.68% over the month.
Melco Resorts & Entertainment Ltd ADR (MLCO) has around 20209 employees, a market worth around $3.06B and $4.38B in sales. Fwd P/E is 14.60. Profit margin for the company is -3.11%. Distance from 52-week low is 45.40% and -27.30% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.20%).
The EPS is expected to grow by 131.82% this year.
Melco Resorts & Entertainment Ltd ADR (MLCO) Top Institutional Holders
The shares outstanding are 440.42M, and float is at 440.15M with Short Float at 1.64%.
The top institutional shareholder in the company is CAPITAL RESEARCH GLOBAL INVESTORS with over 31.12 million shares valued at $232.19 million. The investor’s holdings represent 7.1208% of the MLCO Shares outstanding. As of 2024-06-30, the second largest holder is ARGA INVESTMENT MANAGEMENT, LP with 29.47 million shares valued at $219.83 million to account for 6.7419 of the shares outstanding. The other top investors are EMINENCE CAPITAL, LP which holds 17.5 million shares representing 4.0042% and valued at over $130.56 million, while CAPITAL WORLD INVESTORS holds 3.0761 of the shares totaling 13.45 million with a market value of $100.3 million.
Melco Resorts & Entertainment Ltd ADR (MLCO) Insider Activity
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