Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) is -3.80% 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 $5.54 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $5.57, the stock is -1.00% and -1.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.1 million and changing 0.54% at the moment leaves the stock -11.21% off its SMA200. MLCO registered -21.55% loss for a year compared to 6-month gain of -4.79%. The firm has a 50-day simple moving average (SMA 50) of $5.6604 and a 200-day simple moving average (SMA200) of $6.2731.
The stock witnessed a -7.32% loss in the last 1 month and extending the period to 3 months gives it a -9.87%, and is -3.13% 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 2.85% over the week and 4.66% over the month.
Melco Resorts & Entertainment Ltd ADR (MLCO) has around 21784 employees, a market worth around $2.34B and $4.64B in sales. Current P/E ratio is 56.89 and Fwd P/E is 9.03. Profit margin for the company is 0.94%. Distance from 52-week low is 16.53% and -37.42% from its 52-week high. The company has generated returns on investments over the last 12 months (0.72%).
The EPS is expected to grow by 273.49% this year.
Melco Resorts & Entertainment Ltd ADR (MLCO) Top Institutional Holders
216.0 institutions hold shares in Melco Resorts & Entertainment Ltd ADR (MLCO), with institutional investors hold 37.64% of the company’s shares. The shares outstanding are 419.71M, and float is at 419.45M with Short Float at 2.24%. Institutions hold 37.64% of the Float.
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 EMINENCE CAPITAL, LP holds 1.3254 of the shares totaling 17.5 million with a market value of $130.56 million.
Melco Resorts & Entertainment Ltd ADR (MLCO) Insider Activity
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