Financial Health Report: Melco Resorts & Entertainment Ltd ADR (MLCO)’s Ratios Tell a Tale

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Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) closed the day trading at $5.36 down -4.63% from the previous closing price of $5.62. In other words, the price has decreased by -$4.63 from its previous closing price. On the day, 6.71 million shares were traded.

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:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.50.

Stock Price History:

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 -10.85%, while the 200-Day Moving Average is calculated to be -18.56%.

Shares Statistics:

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 37.02% stake in the company.

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