The Stock Of The Week: Melco Resorts & Entertainment Limited (MLCO)

As of Friday close, Melco Resorts & Entertainment Limited’s (NASDAQ:MLCO) stock was up $0.3, moving up 5.96 percent to $5.33. The average number of shares traded per day over the past five days has been 2,255,900 shares. 2 times new highs have been achieved over the past 5 days, with a $0.18 gain in that time frame. In the last twenty days, the average volume was 3,127,345, while in the previous 50 days, it was 4,005,244.

Since last month, MLCO stock retreated -5.16%. Shares of the company fell to $4.70 on 07/15/22, the lowest level in the past month. A 52-week high of $14.65 was reached on 01/20/22 after having rallying from a 52-week low of $4.06. Since the beginning of this year, MLCO’s stock price has dropped by -47.64% or -$4.85, and marked a new high 6 times. However, the stock has declined by -63.62% since its 52-week high.

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Valuation Metrics

The stock’s beta is 1.58. Besides these, the trailing price-to-sales (P/S) ratio of 1.44, the price-to-book (PB) ratio of 106.60.

The latest dividend of $0.1651 per share was paid out, which is 0.06% more than last year’s $0.1650.

Financial Health

In the recent quarter, Melco Resorts & Entertainment Limited’s quick ratio stood at 2.40, while its current ratio was 2.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 303.61, and the total debt-to-equity ratio was 305.78. On the profitability front, the trailing twelve-month gross margin is 27.30% percent. In the recent year, operating margins totaled -28.00%. Based on annual data, MLCO earned $520.58 million in gross profit and brought in $2.01 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -8.50%. Return on equity (ROE) for the past 12 months was -217.70%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MLCO’s revenue rose 14.13% during the quarter, while net income inched up to $2.01 billion. During the quarter, the company generated -$135.9 million in EBITDA. The liabilities of Melco Resorts & Entertainment Limited were 8.42 billion at the end of its most recent quarter, and its total debt was $7.54 billion.

Technical Picture

This quick technical analysis looks at Melco Resorts & Entertainment Limited’s (MLCO) price momentum. With a historical volatility rate of 50.44%, the RSI 9-day stood at 50.17% on 05 August.

With respect to its five-day moving average, the current Melco Resorts & Entertainment Limited price is up by +3.50% percent or $0.18. At present, MLCO shares trade -4.82% below its 20-day simple moving average and -12.48% percent below its 100-day simple moving average. However, the stock is currently trading approximately +11.51% above its SMA50 and -54.21% below its SMA200.

Stochastic coefficient K was 28.57% and Stochastic coefficient D was 28.74%, while ATR was 0.30. Given the Stochastic reading of 40.20% for the 14-day period, the RSI (14) reading has been calculated as 48.65%. As of today, the MACD Oscillator reading stands at -0.14, while the 14-day reading stands at -0.26.

Analyst Ratings

CLSA upgraded its rating on Melco Resorts & Entertainment Limited (NASDAQ: MLCO) to a Buy in a note to investors on May 06, 2022. The analysts firm previously had an Outperform rating on the stock.Melco Resorts & Entertainment Limited (MLCO) has been rated Overweight by analysts. According to 0 brokerage firms, MLCO is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Melco Resorts & Entertainment Limited stock as buy, with 8 recommending it as overweight.

With a median target price of $7.96, the current consensus forecast for the stock is $4.60 – $13.30. Based on these forecasts, analysts predict Melco Resorts & Entertainment Limited (MLCO) will achieve an average price target of $8.94.


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