What Wynn Resorts Limited (WYNN) Insiders Are Up To

Wynn Resorts Limited (NASDAQ:WYNN) finished Wednesday with an addition of $1.0 to close at $92.44, an upside of 1.09 percent. An average of 4,401,000 shares of common stock have been traded in the last five days. There was a gain of $8.19 in the past week. The last 20 days have seen an average of 6,175,065 shares traded, while the 50-day average volume stands at 5,388,600.

WYNN stock has increased by 0.21% in the last month. The company shares reached their 1-month lowest point of $78.55 on 09/21/21. With the stock rallying to its 52-week high on 03/15/21, shares of the company touched a low of $67.70 and a high of $143.88 in 52 weeks. In spite of this, the price is down -35.75% from the 52-week high.


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Insider Transactions

64 days have passed since Wynn Resorts Limited (WYNN) last reported insider trading activity. Mulroy Patricia, who is Director, most recently acquired $400 shares at $97.13 per share on Aug 11. In this transaction, the insider spent $38,852. EVP and General Counsel, Whittemore Ellen F, disposed of 1,500 shares at a price of $135.00 on Jun 01. The insider now owns more than $202,500 worth of shares. Prior to that, Director Mulroy Patricia went on to Sale 400 shares at $125.30 each on May 17. An amount of $50,120 was transacted.

Valuation Metrics

Wynn Resorts Limited (WYNN) 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, Wynn Resorts Limited’s PE ratio has ranged between 132.36 and 12.52. The stock’s beta is 2.45. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.82, the price-to-book (PB) ratio at 102.71.

The company’s most recent quarterly dividend payment was $1.00 a share, without any change from last year.

The quick ratio of Wynn Resorts Limited for the three months ended June 29 was 1.20, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 103.24 and a total debt to equity ratio of 115.96 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 30.70% against a 5-year average of 38.6%. Wynn Resorts Limited’s EBITDA margin for the year ending June 29 is -23.86%, while its operating margin for the same period stands at -24.10%. Its gross profit as reported stood at $352.64 million compared to revenue of $2.1 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, Wynn Resorts Limited’s return on assets was -10.70%, compared to 3.1% over the last five years. For the broader industry, ROE averaged 9.95 over the past year.

Earnings Surprise

The analyst consensus anticipated Wynn Resorts Limited’s latest quarter earnings to come in at -$1.61 per share, but it turned out to be -$1.12, a 30.40% surprise. For the quarter, EBITDA amounted to $160.38 million. Shareholders own equity worth $115.67 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Wynn Resorts Limited (WYNN) price momentum. RSI 9-day as of the close on 13 October was 65.45%, suggesting the stock is Neutral, with historical volatility in this time frame at 34.38%.

As of today, WYNN’s price is $88.88 +9.72% or $8.19 from its 5-day moving average. WYNN is currently trading +6.94% higher than its 20-day SMA and -27.42% lower than its 100-day SMA. However, the stock’s current price level is -2.78% below the SMA50 and -19.94% below the SMA200.

The stochastic %K and %D were 92.03% and 84.68%, respectively, and the average true range (ATR) was 3.35. With the 14-day stochastic at 98.90% and the average true range at 3.57, the RSI (14) stands at 56.47%. The stock has reached 3.79 on the 9-day MACD Oscillator while the 14-day reading was at 4.85.

Analyst Ratings

Morgan Stanley reiterated its an Overweight rating on Wynn Resorts Limited (NASDAQ: WYNN), but raised their price target to $138, indicating a potential price increase of 49.29% for the stock.The consensus rating for Wynn Resorts Limited (WYNN) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell WYNN, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 4 others rate it as a “buy”.

What is WYNN’s price target for the next 12 months?

Analysts predict a range of price targets between $83.00 and $140.00, with a median target of $109.00. Taking a look at these predictions, the average price target given by analysts for Wynn Resorts Limited (WYNN) stock is $108.42.

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