Melco Resorts & Entertainment Limited (NASDAQ:MLCO) finished Wednesday with an addition of $0.07 to close at $11.12, an upside of 0.63 percent. An average of 3,770,200 shares of common stock have been traded in the last five days. There was a gain of $1.14 in the past week. The last 20 days have seen an average of 4,925,070 shares traded, while the 50-day average volume stands at 4,950,746.
MLCO stock has decreased by -6.95% in the last month. The company shares reached their 1-month lowest point of $9.64 on 10/06/21. With the stock rallying to its 52-week high on 03/03/21, shares of the company touched a low of $9.64 and a high of $23.65 in 52 weeks. In spite of this, the price is down -52.98% from the 52-week high.
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Melco Resorts & Entertainment Limited (MLCO) has a trailing price-to-earnings (P/E) ratio of 21.70 for the broader industry and 31.09 for the sector. In the last five years, Melco Resorts & Entertainment Limited’s PE ratio has ranged between 84.02 and 15.64. The stock’s beta is 1.88. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.82, the price-to-book (PB) ratio at 7.67.
The company’s most recent quarterly dividend payment was $0.1651 a share, representing a up of 0.06 from $0.1650 last year.
The quick ratio of Melco Resorts & Entertainment Limited for the three months ended June 29 was 2.00, and the current ratio was 2.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 9.36 and a total debt to equity ratio of 9.41 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 19.20% against a 5-year average of 29.4%. Melco Resorts & Entertainment Limited’s EBITDA margin for the year ending June 29 is -17.15%, while its operating margin for the same period stands at -41.50%. Its gross profit as reported stood at $189.52 million compared to revenue of $1.73 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Melco Resorts & Entertainment Limited’s return on assets was -10.50%, compared to -0.1% over the last five years. In the past year, the return on investment has been -13.50%, and the 5-year average is 3.9%. Meanwhile, the return on equity (ROE) for the past 12 months has been -96.30% and the 5-year average holds at -5.4%. For the broader industry, ROE averaged 9.95 over the past year.
The analyst consensus anticipated Melco Resorts & Entertainment Limited’s latest quarter earnings to come in at -$0.36 per share, but it turned out to be -$0.39, a -8.30% surprise. For the quarter, EBITDA amounted to -$128.06 million.
From a technical analysis perspective, let’s take a brief look at Melco Resorts & Entertainment Limited (MLCO) price momentum. RSI 9-day as of the close on 13 October was 57.94%, suggesting the stock is Neutral, with historical volatility in this time frame at 52.17%.
As of today, MLCO’s price is $10.90 +11.42% or $1.14 from its 5-day moving average. MLCO is currently trading +7.96% higher than its 20-day SMA and -35.87% lower than its 100-day SMA. However, the stock’s current price level is -15.05% below the SMA50 and -41.01% below the SMA200.
The stochastic %K and %D were 77.48% and 81.45%, respectively, and the average true range (ATR) was 0.55. With the 14-day stochastic at 77.49% and the average true range at 0.57, the RSI (14) stands at 50.72%. The stock has reached 0.51 on the 9-day MACD Oscillator while the 14-day reading was at 0.68.
JP Morgan downgraded Melco Resorts & Entertainment Limited (NASDAQ: MLCO) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a an Overweight.The consensus rating for Melco Resorts & Entertainment Limited (MLCO) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell MLCO, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 5 others rate it as a “buy”.
What is MLCO’s price target for the next 12 months?
Analysts predict a range of price targets between $9.20 and $23.00, with a median target of $15.50. Taking a look at these predictions, the average price target given by analysts for Melco Resorts & Entertainment Limited (MLCO) stock is $15.63.