Wynn Resorts Limited (NASDAQ:WYNN) saw a downside of -1.14% to $98.00 after subtracting -$1.13 on Wednesday. The 5-day average trading volume is 1,564,224 shares of the company’s common stock. It has gained $100.93 in the past week and touched a new high 3 times within the past 5 days. An average of 2,480,426 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,613,210.
WYNN’s 1-month performance is 20.01% or $17.35 on its low of $79.33 reached on 12/29/22. The company’s shares have touched a 52-week low of $50.20 and high of $100.93, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, WYNN has achieved 20.20% or $15.60 and has reached a new high 10 times. However, the current price is down -2.90% from the 52-week high price.
WYNN stock investors last saw insider trading activity on Dec 01.ATKINS BETSY S (Director) most recently sold 5,707 shares at $83.65 per share on Dec 01. This transaction cost the insider $477,391. Director, Mulroy Patricia, sold 2,000 shares at a price of $66.14 on Sep 19. Then, on Aug 08, Director Mulroy Patricia sold 2,000 shares at a price of $67.11 per share. This transaction amounted to $134,220.
WYNN stock has a beta of 1.98. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.95.
Wynn Resorts Limited’s quick ratio for the period ended September 29 was 1.40, with the current ratio over the same period at 1.40. In terms of profitability, the gross margin trailing 12 months is 35.10%. The firm’s gross profit as reported stood at $1.21 billion against revenue of $3.76 billion.
For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 8.06% to -$142.89 million, while revenue of -$130.05 million was 8.99% off the previous quarter. Analysts expected WYNN to announce -$1 per share in earnings in its latest quarter, but it posted -$1.2, representing a -20.00% surprise. EBITDA for the quarter stood at more than $126.78 million. WYNN stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 13.38 billion, with total debt at $12.22 billion. Shareholders hold equity totaling $113.31 million.
Let’s look briefly at Wynn Resorts Limited (WYNN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 62.05% to suggest the stock is trending Neutral, with historical volatility in this time period at 22.05%.
The stock’s 5-day moving average is $99.14, reflecting a -0.28% or -$0.28 change from its current price. WYNN is currently trading +21.50% above its 20-day SMA, +61.87% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +36.22% and SMA200 by+32.59%.
Stochastic %K and %D was 86.44% and 91.24% and the average true range (ATR) pointed at 2.52. The RSI (14) points at 64.64%, while the 14-day stochastic is at 75.72% with the period’s ATR at 2.73. The stock’s 9-day MACD Oscillator is pointing at 0.17 and 1.75 on the 14-day charts.
In the most recent analyst report for Wynn Resorts Limited (NASDAQ: WYNN), Wells Fargo upgraded it to an Overweight rating. They previously had an Equal weight rating on the stock. Analysts offering their rating for WYNN stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate WYNN as a “sell,”, while 7 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 8 have offered a “buy” rating.
What is WYNN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $78.00 and a high of $130.00, with their median price target at $100.50. Looking at these predictions, the average price target given by analysts is for Wynn Resorts Limited (WYNN) stock is $100.57.