Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) closed the day trading at $7.23 down -1.36% from the previous closing price of $7.33. In other words, the price has decreased by -$0.10 from its previous closing price. On the day, 2742236 shares were traded.
Ratios:
For a better understanding of MLCO, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.37 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, Susquehanna on December 15, 2023, initiated with a Positive rating and assigned the stock a target price of $15.
On July 18, 2023, Macquarie started tracking the stock assigning a Outperform rating and target price of $16.30.
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 3.20B and an Enterprise Value of 9.66B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.84. Its current Enterprise Value per Revenue stands at 2.56 whereas that against EBITDA is 15.24.
Stock Price History:
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 7.79, while the 200-Day Moving Average is calculated to be 9.27.
Shares Statistics:
Over the past 3-months, MLCO traded about 3.02M shares per day on average, while over the past 10 days, MLCO traded about 2.34M shares per day. 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 40.40% stake in the company. Shares short for MLCO as of Mar 15, 2024 were 8.93M with a Short Ratio of 3.54, compared to 5.49M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.01% and a Short% of Float of 4.36%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 1.90.
Earnings Estimates
Current recommendations for the stock of the company come from 4 analysts. 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 $0.05, with high estimates of $0.1 and low estimates of $0.02.
Analysts are recommending an EPS of between $0.46 and -$0.25 for the fiscal current year, implying an average EPS of $0.19. EPS for the following year is $0.54, with 9 analysts recommending between $0.69 and $0.15.
Revenue Estimates
4 analysts predict $1.12B in revenue for the current quarter. 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 25.00% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $1.14B, an increase of 20.20% less than the figure of $25.00% in the same quarter last year. There is a high estimate of $1.15B for the next quarter, whereas the lowest estimate is $1.11B.
A total of 11 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 $4.63B. In the same quarter a year ago, actual revenue was $3.78B, up 22.70% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $4.98B 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 7.60% from the average revenue estimate for this year.
