Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) is -26.04% 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 $6.49 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $6.56, the stock is 4.44% and -5.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.74 million and changing 1.08% at the moment leaves the stock -4.21% off its SMA200. MLCO registered -14.81% loss for a year compared to 6-month loss of -18.51%. The firm has a 50-day simple moving average (SMA 50) of $6.915 and a 200-day simple moving average (SMA200) of $6.8486.
The stock witnessed a -3.10% gain in the last 1 month and extending the period to 3 months gives it a 22.85%, and is 2.18% 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 3.23% over the week and 3.57% over the month.
Melco Resorts & Entertainment Ltd ADR (MLCO) has around 20209 employees, a market worth around $2.75B and $4.54B in sales. Fwd P/E is 15.44. Profit margin for the company is -2.04%. Distance from 52-week low is 37.24% and -31.38% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.52%).
with sales reaching $1.18B over the same period.The EPS is expected to grow by 134.50% this year, but quarterly earnings will post 22.38% year-over-year. Quarterly sales are estimated to grow 7.85% in year-over-year returns.
Melco Resorts & Entertainment Ltd ADR (MLCO) Top Institutional Holders
The shares outstanding are 419.71M, and float is at 419.45M with Short Float at 2.64%.
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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