Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) is -9.67% lower on its value in year-to-date trading and has touched a low of $4.55 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 $5.10 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $5.23, the stock is 5.32% and -3.09% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.76 million and changing 2.55% at the moment leaves the stock -12.32% off its SMA200. MLCO registered -16.59% loss for a year compared to 6-month loss of -21.47%. The firm has a 50-day simple moving average (SMA 50) of $5.397 and a 200-day simple moving average (SMA200) of $5.96505.
The stock witnessed a -3.15% gain in the last 1 month and extending the period to 3 months gives it a -9.52%, and is 8.28% 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 4.89% over the week and 5.77% over the month.
Melco Resorts & Entertainment Ltd ADR (MLCO) has around 21784 employees, a market worth around $2.20B and $4.64B in sales. Current P/E ratio is 53.42 and Fwd P/E is 7.72. Profit margin for the company is 0.94%. Distance from 52-week low is 14.95% and -41.24% from its 52-week high. The company has generated returns on investments over the last 12 months (0.72%).
with sales reaching $1.22B over the same period.The EPS is expected to grow by 245.84% this year, but quarterly earnings will post 4.53% year-over-year. Quarterly sales are estimated to grow 9.91% in year-over-year returns.
Melco Resorts & Entertainment Ltd ADR (MLCO) Top Institutional Holders
211.0 institutions hold shares in Melco Resorts & Entertainment Ltd ADR (MLCO), with institutional investors hold 37.18% of the company’s shares. The shares outstanding are 419.71M, and float is at 419.45M with Short Float at 2.29%. Institutions hold 37.18% 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 EMINENCE CAPITAL, LP which holds 17.5 million shares representing 1.3254% and valued at over $130.56 million, while CAPITAL WORLD INVESTORS holds 1.0182 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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