Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) is -2.42% lower on its value in year-to-date trading and has touched a low of $4.78 and a high of $8.90 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 $5.56 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $5.65, the stock is -0.55% and -1.53% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.04 million and changing 1.62% at the moment leaves the stock -12.69% off its SMA200. MLCO registered -31.60% loss for a year compared to 6-month gain of 11.22%.
The stock witnessed a -9.74% loss in the last 1 month and extending the period to 3 months gives it a -5.52%, and is -1.74% 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 7.47% over the week and 5.39% over the month.
Melco Resorts & Entertainment Ltd ADR (MLCO) has around 20209 employees, a market worth around $2.37B and $4.64B in sales. Current P/E ratio is 57.71 and Fwd P/E is 9.05. Profit margin for the company is 0.94%. Distance from 52-week low is 18.20% and -36.52% from its 52-week high. The company has generated returns on investments over the last 12 months (0.72%).
with sales reaching $1.21B over the same period.The EPS is expected to grow by 305.47% this year, but quarterly earnings will post 4.73% year-over-year. Quarterly sales are estimated to grow 9.19% 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 1.38%.
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 2.357% 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 2.2315 of the shares outstanding. The other top investors are GOLDMAN SACHS GROUP INC which holds 7.04 million shares representing 1.6114% and valued at over $52.54 million, while CITADEL ADVISORS LLC holds 1.5572 of the shares totaling 6.81 million with a market value of $50.78 million.
Melco Resorts & Entertainment Ltd ADR (MLCO) Insider Activity
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Melco Resorts & Entertainment Ltd ADR (MLCO): Who are the competitors?
The company’s main competitors (and peers) include SJM Holdings Ltd. (SJMHF) that is trading 0.30% up over the past 12 months. Las Vegas Sands Corp. (LVS) that is -10.39% lower over the same period.
