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Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) closed the day trading at $6.29 down -6.81% from the previous closing price of $6.75. In other words, the price has decreased by -$6.81 from its previous closing price. On the day, 3.39 million shares were traded. MLCO stock price reached its highest trading level at $6.68 during the session, while it also had its lowest trading level at $6.28.
Ratios:
For a better understanding of MLCO, let’s 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, 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 2639969536 and an Enterprise Value of 14677294080. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.58. Its current Enterprise Value per Revenue stands at 3.232 whereas that against EBITDA is 13.841.
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 -7.22%, while the 200-Day Moving Average is calculated to be -10.73%.
Shares Statistics:
Over the past 3-months, MLCO traded about 3.80M shares per day on average, while over the past 10 days, MLCO traded about 3272950 shares per day. A total of 437.09M shares are outstanding, with a floating share count of 419.45M. Insiders hold about 0.06% of the company’s shares, while institutions hold 42.90% stake in the company. Shares short for MLCO as of 1728950400 were 7219096 with a Short Ratio of 2.04, compared to 1726185600 on 7488790. Therefore, it implies a Short% of Shares Outstanding of 7219096 and a Short% of Float of 3.5700000000000003.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.9.
