Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
In the latest session, Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) closed at $6.34 down -1.71% from its previous closing price of $6.45. In other words, the price has decreased by -$1.71 from its previous closing price. On the day, 3.18 million shares were traded. MLCO stock price reached its highest trading level at $6.47 during the session, while it also had its lowest trading level at $6.26.
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 1.16 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, Morgan Stanley on Dec-18-24, Downgraded its rating to Equal-Weight and sets its target price to $7.50 from $9.60 previously.
On July 18, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $10 to $7.
BofA Securities Upgraded its Neutral to Buy on May 29, 2024, whereas the target price for the stock was revised from $7.50 to $10.40.
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 2660955136 and an Enterprise Value of 14740250624. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.59. Its current Enterprise Value per Revenue stands at 3.246 whereas that against EBITDA is 13.901.
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 -5.88%, while the 200-Day Moving Average is calculated to be -6.84%.
Shares Statistics:
For the past three months, MLCO has traded an average of 3.53M shares per day and 3416840 over the past ten 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 37.31% stake in the company. Shares short for MLCO as of 1732838400 were 9527892 with a Short Ratio of 2.70, compared to 1730332800 on 7774639. Therefore, it implies a Short% of Shares Outstanding of 9527892 and a Short% of Float of 5.25.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.9.
