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In the latest session, Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) closed at $5.20 up 0.39% from its previous closing price of $5.18. In other words, the price has increased by $0.39 from its previous closing price. On the day, 9.39 million shares were traded. MLCO stock price reached its highest trading level at $5.475 during the session, while it also had its lowest trading level at $5.14.
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 1.26 and its Current Ratio is at 1.29.
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 2290194432 and an Enterprise Value of 13622077440. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.52. Its current Enterprise Value per Revenue stands at 3.108 whereas that against EBITDA is 13.472.
Stock Price History:
Over the past 52 weeks, MLCO has reached a high of $11.43, while it has fallen to a 52-week low of $4.78. The 50-Day Moving Average of the stock is -22.01%, while the 200-Day Moving Average is calculated to be -30.86%.
Shares Statistics:
For the past three months, MLCO has traded an average of 3.15M shares per day and 6868590 over the past ten days. A total of 440.42M shares are outstanding, with a floating share count of 440.24M. Insiders hold about 0.06% of the company’s shares, while institutions hold 42.20% stake in the company. Shares short for MLCO as of 1722384000 were 9495843 with a Short Ratio of 3.01, compared to 1719532800 on 9659899. Therefore, it implies a Short% of Shares Outstanding of 9495843 and a Short% of Float of 4.78.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.9.
