Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) is -3.97% lower on its value in year-to-date trading and has touched a low of $4.78 and a high of $9.39 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 $5.43 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $5.56, the stock is -6.85% and -11.30% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.6 million and changing 2.39% at the moment leaves the stock -16.93% off its SMA200. MLCO registered -30.41% loss for a year compared to 6-month gain of -16.27%. The firm has a 50-day simple moving average (SMA 50) of $6.2964 and a 200-day simple moving average (SMA200) of $6.7005.
The stock witnessed a -19.65% loss in the last 1 month and extending the period to 3 months gives it a -29.17%, and is -0.71% 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 3.14% over the week and 3.70% over the month.
Melco Resorts & Entertainment Ltd ADR (MLCO) has around 20209 employees, a market worth around $2.33B and $4.54B in sales. Fwd P/E is 13.76. Profit margin for the company is -2.04%. Distance from 52-week low is 16.32% and -40.76% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.52%).
The EPS is expected to grow by 135.24% this year.
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 2.08%.
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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