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As of close of business last night, Melco Resorts & Entertainment Ltd ADR’s stock clocked out at $6.40, down -7.11% from its previous closing price of $6.89. In other words, the price has decreased by -$7.11 from its previous closing price. On the day, 8.38 million shares were traded. MLCO stock price reached its highest trading level at $6.89 during the session, while it also had its lowest trading level at $6.3.
Ratios:
To gain a deeper understanding of MLCO’s stock, we examine its different 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 2836646400 and an Enterprise Value of 15297592320. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.74. Its current Enterprise Value per Revenue stands at 4.052 whereas that against EBITDA is 18.748.
Stock Price History:
The Beta on a monthly basis for MLCO is 1.10, which has changed by -0.5389049 over the last 52 weeks, in comparison to a change of 0.2160933 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 $6.61. The 50-Day Moving Average of the stock is -17.00%, while the 200-Day Moving Average is calculated to be -30.13%.
Shares Statistics:
It appears that MLCO traded 2.94M shares on average per day over the past three months and 2814740 shares per day 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 40.42% stake in the company. Shares short for MLCO as of 1711584000 were 10668818 with a Short Ratio of 3.63, 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.
Earnings Estimates
The current assessment of Melco Resorts & Entertainment Ltd ADR (MLCO) involves the perspectives of 4 analysts closely monitoring its market dynamics.On average, analysts expect EPS of $0.03 for the current quarter, with a high estimate of $0.05 and a low estimate of $0, while EPS last year was -$0.18. The consensus estimate for the next quarter is $0.06, with high estimates of $0.1 and low estimates of $0.03.
Analysts are recommending an EPS of between $0.46 and -$0.25 for the fiscal current year, implying an average EPS of $0.2. EPS for the following year is $0.54, with 10 analysts recommending between $0.69 and $0.15.
Revenue Estimates
In the current quarter, 4 analysts expect revenue to total $1.12B. It ranges from a high estimate of $1.19B to a low estimate of $1.02B. As of the current estimate, Melco Resorts & Entertainment Ltd ADR’s year-ago sales were $891.99M, an estimated increase of 25.60% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $1.15B, an increase of 20.80% less than the figure of $25.60% in the same quarter last year. There is a high estimate of $1.18B for the next quarter, whereas the lowest estimate is $1.11B.
A total of 12 analysts have provided revenue estimates for MLCO’s current fiscal year. The highest revenue estimate was $4.94B, while the lowest revenue estimate was $4.46B, resulting in an average revenue estimate of $4.64B. In the same quarter a year ago, actual revenue was $3.78B, up 22.90% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $5B in the next fiscal year. The high estimate is $5.59B and the low estimate is $4.46B. The average revenue growth estimate for next year is up 7.70% from the average revenue estimate for this year.
