Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) was $6.26 for the day, up 6.64% from the previous closing price of $5.87. In other words, the price has increased by $6.64 from its previous closing price. On the day, 4.23 million shares were traded. MLCO stock price reached its highest trading level at $6.35 during the session, while it also had its lowest trading level at $5.99.
Ratios:
Our analysis of MLCO’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.16 and its Current Ratio is at 1.19.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on December 17, 2024, Downgraded its rating to Equal-Weight and sets its target price to $7.50 from $9.60 previously.
On July 18, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $10 to $7.
BofA Securities Upgraded its Neutral to Buy on May 29, 2024, whereas the target price for the stock was revised from $7.50 to $10.40.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MLCO now has a Market Capitalization of 2627378432 and an Enterprise Value of 14639519744. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.58. Its current Enterprise Value per Revenue stands at 3.224 whereas that against EBITDA is 13.806.
Stock Price History:
The Beta on a monthly basis for MLCO is 1.04, which has changed by -0.26625 over the last 52 weeks, in comparison to a change of 0.21794415 over the same period for the S&P500. Over the past 52 weeks, MLCO has reached a high of $9.39, while it has fallen to a 52-week low of $4.78. The 50-Day Moving Average of the stock is 3.70%, while the 200-Day Moving Average is calculated to be -5.13%.
Shares Statistics:
MLCO traded an average of 3.61M shares per day over the past three months and 5271110 shares per day over the past ten days. A total of 419.71M shares are outstanding, with a floating share count of 419.45M. Insiders hold about 0.06% of the company’s shares, while institutions hold 37.00% stake in the company. Shares short for MLCO as of 1736899200 were 8338655 with a Short Ratio of 2.31, compared to 1734048000 on 9120634. Therefore, it implies a Short% of Shares Outstanding of 8338655 and a Short% of Float of 4.6.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.9.
