Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) is -15.37% 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 $4.82 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $4.90, the stock is -1.94% and -9.58% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.12 million and changing 1.66% at the moment leaves the stock -18.16% off its SMA200. MLCO registered -20.33% loss for a year compared to 6-month loss of -31.28%. The firm has a 50-day simple moving average (SMA 50) of $5.4272 and a 200-day simple moving average (SMA200) of $5.9986.
The stock witnessed a -12.03% gain in the last 1 month and extending the period to 3 months gives it a -10.58%, and is -0.81% 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 3.72% over the week and 5.48% over the month.
Melco Resorts & Entertainment Ltd ADR (MLCO) has around 21784 employees, a market worth around $2.06B and $4.64B in sales. Current P/E ratio is 50.05 and Fwd P/E is 7.24. Profit margin for the company is 0.94%. Distance from 52-week low is 7.69% and -44.94% 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 245.84% this year
210.0 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 2.10%. 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.
