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Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) closed the day trading at $6.59 up 0.76% from the previous closing price of $6.54. In other words, the price has increased by $0.76 from its previous closing price. On the day, 3.66 million shares were traded. MLCO stock price reached its highest trading level at $6.78 during the session, while it also had its lowest trading level at $6.46.
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 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 2920859392 and an Enterprise Value of 15517537280. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.74. Its current Enterprise Value per Revenue stands at 3.72 whereas that against EBITDA is 16.398.
Stock Price History:
Over the past 52 weeks, MLCO has reached a high of $14.00, while it has fallen to a 52-week low of $6.10. The 50-Day Moving Average of the stock is -8.56%, while the 200-Day Moving Average is calculated to be -25.45%.
Shares Statistics:
Over the past 3-months, MLCO traded about 3.12M shares per day on average, while over the past 10 days, MLCO traded about 4343190 shares per day. A total of 468.23M shares are outstanding, with a floating share count of 467.95M. Insiders hold about 0.06% of the company’s shares, while institutions hold 37.72% stake in the company. Shares short for MLCO as of 1713139200 were 10174634 with a Short Ratio of 3.26, compared to 1710460800 on 8927007. Therefore, it implies a Short% of Shares Outstanding of 10174634 and a Short% of Float of 4.97.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.9.
