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In the latest session, Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) closed at $6.17 up 0.33% from its previous closing price of $6.15. In other words, the price has increased by $0.33 from its previous closing price. On the day, 3.32 million shares were traded. MLCO stock price reached its highest trading level at $6.299 during the session, while it also had its lowest trading level at $6.11.
Ratios:
For a deeper understanding of Melco Resorts & Entertainment Ltd ADR’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.37 and its Current Ratio is at 1.40.
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 this company, Seaport Research Partners on April 15, 2024, initiated with a Buy rating and assigned the stock a target price of $10.
On December 15, 2023, Susquehanna started tracking the stock assigning a Positive rating and target price of $15.
On July 18, 2023, Macquarie started tracking the stock assigning a Outperform rating and target price of $16.30.Macquarie initiated its Outperform rating on July 18, 2023, with a $16.30 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 2734704384 and an Enterprise Value of 14995999744. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.71. Its current Enterprise Value per Revenue stands at 3.972 whereas that against EBITDA is 18.378.
Stock Price History:
The Beta on a monthly basis for MLCO is 1.13, which has changed by -0.5336357 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. Over the past 52 weeks, MLCO has reached a high of $14.45, while it has fallen to a 52-week low of $6.10. The 50-Day Moving Average of the stock is -18.55%, while the 200-Day Moving Average is calculated to be -31.96%.
Shares Statistics:
For the past three months, MLCO has traded an average of 2.99M shares per day and 3278240 over the past ten days. 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 40.41% stake in the company. Shares short for MLCO as of 1711584000 were 10668818 with a Short Ratio of 3.57, compared to 1709164800 on 5498402. Therefore, it implies a Short% of Shares Outstanding of 10668818 and a Short% of Float of 5.21.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.9.
