Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) is 6.74% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MLCO stock was last observed hovering at around $6.42 in the last trading session, with the day’s loss setting it -0.24%.
Currently trading at $6.18, the stock is 8.68% and 14.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.78 million and changing -3.74% at the moment leaves the stock 3.96% off its SMA200. MLCO registered -27.80% loss for a year compared to 6-month loss of 0.00%.
The stock witnessed a 27.95% gain in the last 1 month and extending the period to 3 months gives it a 1.31%, and is -1.59% 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 2.96% over the week and 4.12% over the month.
Melco Resorts & Entertainment Ltd ADR (MLCO) has around 21784 employees, a market worth around $2.54B and $4.76B in sales. Current P/E ratio is 43.77 and Fwd P/E is 12.12. Profit margin for the company is 1.28%. Distance from 52-week low is 35.82% and -30.56% from its 52-week high. The company has generated returns on investments over the last 12 months (1.01%).
with sales reaching $1.2B over the same period.The EPS is expected to grow by 224.69% this year, but quarterly earnings will post 5.02% year-over-year. Quarterly sales are estimated to grow 3.27% in year-over-year returns.
Melco Resorts & Entertainment Ltd ADR (MLCO) Top Institutional Holders
The shares outstanding are 411.20M, and float is at 410.94M with Short Float at 1.39%.
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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