Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) is -5.01% 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 $5.43 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $5.50, the stock is 9.62% and 3.78% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.16 million and changing 1.29% at the moment leaves the stock -7.23% off its SMA200. MLCO registered -23.08% loss for a year compared to 6-month loss of -18.15%.
The stock witnessed a 14.58% gain in the last 1 month and extending the period to 3 months gives it a 2.61%, and is 6.18% 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 5.13% over the week and 5.66% over the month.
Melco Resorts & Entertainment Ltd ADR (MLCO) has around 21784 employees, a market worth around $2.31B and $4.64B in sales. Current P/E ratio is 56.18 and Fwd P/E is 8.12. Profit margin for the company is 0.94%. Distance from 52-week low is 20.88% and -38.20% 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 246.30% this year, but quarterly earnings will post 4.54% year-over-year. Quarterly sales are estimated to grow 9.87% 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 2.29%.
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
#####
