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Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) closed the day trading at $5.98 down -3.24% from the previous closing price of $6.18. In other words, the price has decreased by -$3.24 from its previous closing price. On the day, 2.19 million shares were traded. MLCO stock price reached its highest trading level at $6.2 during the session, while it also had its lowest trading level at $5.97.
Ratios:
For a better understanding of MLCO, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.16 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 2509859840 and an Enterprise Value of 14501015552. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.55. Its current Enterprise Value per Revenue stands at 3.193 whereas that against EBITDA is 13.675.
Stock Price History:
Over the past 52 weeks, MLCO has reached a high of $9.56, while it has fallen to a 52-week low of $4.78. The 50-Day Moving Average of the stock is -8.87%, while the 200-Day Moving Average is calculated to be -11.74%.
Shares Statistics:
Over the past 3-months, MLCO traded about 3.60M shares per day on average, while over the past 10 days, MLCO traded about 3241280 shares per day. 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 37.31% stake in the company. Shares short for MLCO as of 1732838400 were 9527892 with a Short Ratio of 2.54, compared to 1730332800 on 7774639. Therefore, it implies a Short% of Shares Outstanding of 9527892 and a Short% of Float of 5.25.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.9.
