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The price of Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) closed at $6.49 in the last session, down -0.15% from day before closing price of $6.50. In other words, the price has decreased by -$0.15 from its previous closing price. On the day, 3.52 million shares were traded. MLCO stock price reached its highest trading level at $6.7 during the session, while it also had its lowest trading level at $6.49.
Ratios:
We take a closer look at MLCO’s different ratios to gain a better understanding of the stock. 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, JP Morgan on July 18, 2024, Downgraded its rating to Neutral and sets its target price to $7 from $10 previously.
On May 29, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $7.50 to $10.40.
Morgan Stanley Upgraded its Equal-Weight to Overweight on May 06, 2024, whereas the target price for the stock was revised from $8.30 to $9.60.
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 2728110336 and an Enterprise Value of 14929119232. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.60. Its current Enterprise Value per Revenue stands at 3.288 whereas that against EBITDA is 14.079.
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 -6.42%, while the 200-Day Moving Average is calculated to be -5.35%.
Shares Statistics:
According to the various share statistics, MLCO traded on average about 3.48M shares per day over the past 3-months and 3266180 shares per day over the past 10 days. 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 37.29% stake in the company. Shares short for MLCO as of 1731628800 were 11070473 with a Short Ratio of 3.18, compared to 1728950400 on 7219096. Therefore, it implies a Short% of Shares Outstanding of 11070473 and a Short% of Float of 6.1100002.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.9.
