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After finishing at $5.82 in the prior trading day, Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) closed at $5.75, down -1.20%. In other words, the price has decreased by -$1.20 from its previous closing price. On the day, 1.7 million shares were traded. MLCO stock price reached its highest trading level at $5.98 during the session, while it also had its lowest trading level at $5.715.
Ratios:
Our goal is to gain a better understanding of MLCO by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.33 and its Current Ratio is at 1.36.
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, JP Morgan on July 18, 2024, Downgraded its rating to Neutral and sets its target price to $7 from $10 previously.
On May 29, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $7.50 to $10.40.
Morgan Stanley Upgraded its Equal-Weight to Overweight on May 06, 2024, whereas the target price for the stock was revised from $8.30 to $9.60.
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 2513267456 and an Enterprise Value of 14507858944. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.60. Its current Enterprise Value per Revenue stands at 3.478 whereas that against EBITDA is 15.331.
Stock Price History:
Over the past 52 weeks, MLCO has reached a high of $13.91, while it has fallen to a 52-week low of $5.67. The 50-Day Moving Average of the stock is -22.44%, while the 200-Day Moving Average is calculated to be -25.51%.
Shares Statistics:
The stock has traded on average 3.00M shares per day over the past 3-months and 2538810 shares per day over the last 10 days, according to various share statistics. A total of 437.09M shares are outstanding, with a floating share count of 436.82M. Insiders hold about 0.06% of the company’s shares, while institutions hold 42.75% stake in the company. Shares short for MLCO as of 1721001600 were 12465823 with a Short Ratio of 4.16, compared to 1718323200 on 9216812. Therefore, it implies a Short% of Shares Outstanding of 12465823 and a Short% of Float of 6.2700000000000005.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.9.
