Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) closed the day trading at $7.84 up 2.22% from the previous closing price of $7.67. In other words, the price has increased by $2.22 from its previous closing price. On the day, 6.52 million shares were traded. MLCO stock price reached its highest trading level at $7.86 during the session, while it also had its lowest trading level at $7.505.
Ratios:
For a better understanding of MLCO, let’s 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, Morgan Stanley on May 06, 2024, Upgraded its rating to Overweight and sets its target price to $9.60 from $8.30 previously.
On April 15, 2024, Seaport Research Partners started tracking the stock assigning a Buy rating and target price of $10.
On December 15, 2023, Susquehanna started tracking the stock assigning a Positive rating and target price of $15.Susquehanna initiated its Positive rating on December 15, 2023, with a $15 target price.
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 3426785536 and an Enterprise Value of 16933709824. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.82. Its current Enterprise Value per Revenue stands at 4.06 whereas that against EBITDA is 17.894.
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 $6.10. The 50-Day Moving Average of the stock is 10.66%, while the 200-Day Moving Average is calculated to be -9.81%.
Shares Statistics:
Over the past 3-months, MLCO traded about 3.55M shares per day on average, while over the past 10 days, MLCO traded about 5850440 shares per day. 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 40.01% stake in the company. Shares short for MLCO as of 1713139200 were 10174634 with a Short Ratio of 2.86, compared to 1710460800 on 8927007. Therefore, it implies a Short% of Shares Outstanding of 10174634 and a Short% of Float of 5.12.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.9.
