Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
After finishing at $5.73 in the prior trading day, Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) closed at $5.58, down -2.62%. In other words, the price has decreased by -$2.62 from its previous closing price. On the day, 4.5 million shares were traded.
Ratios:
Our goal is to gain a better understanding of MLCO by taking a closer look at its different ratios. 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, Citigroup on February 10, 2025, Downgraded its rating to Neutral and sets its target price to $6 from $10 previously.
On December 17, 2024, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight and also lowered its target price recommendation from $9.60 to $7.50.
JP Morgan Downgraded its Overweight to Neutral on July 18, 2024, whereas the target price for the stock was revised from $10 to $7.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.52.
Stock Price History:
Over the past 52 weeks, MLCO has reached a high of $8.90, while it has fallen to a 52-week low of $4.78. The 50-Day Moving Average of the stock is -3.42%, while the 200-Day Moving Average is calculated to be -14.10%.
Shares Statistics:
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 36.43% stake in the company.
