Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) is -8.71% 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 $7.2 in the last trading session, with the day’s gains setting it 3929992.8%.
Currently trading at $3930000.0, the stock is 11.96% and 20.03% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.35 million and changing 0.42% at the moment leaves the stock 18.78% off its SMA200. MLCO registered 24.87% gain for a year compared to 6-month gain of 20.90%. The firm has a 50-day simple moving average (SMA 50) of $6.0234 and a 200-day simple moving average (SMA200) of $6.087.
The stock witnessed a 13.86% loss in the last 1 month and extending the period to 3 months gives it a 37.19%, and is 8.89% 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 3.27% over the week and 3.40% over the month.
Melco Resorts & Entertainment Ltd ADR (MLCO) has around 21784 employees, a market worth around $2.97B and $4.76B in sales. Current P/E ratio is 51.20 and Fwd P/E is 15.00. Profit margin for the company is 1.28%. Distance from 52-week low is 58.90% and -18.76% 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 222.91% this year, but quarterly earnings will post 5.09% 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
208.0 institutions hold shares in Melco Resorts & Entertainment Ltd ADR (MLCO), with institutional investors hold 36.45% of the company’s shares. The shares outstanding are 411.20M, and float is at 410.94M with Short Float at 2.16%. Institutions hold 36.45% 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.
