As of Friday close, Wynn Resorts Limited’s (NASDAQ:WYNN) stock was down -$1.43, moving down -1.35 percent to $104.18. The average number of shares traded per day over the past five days has been 1,904,320 shares. 2 times new highs have been achieved over the past 5 days, with a -$4.80 fall in that time frame. In the last twenty days, the average volume was 1,727,505, while in the previous 50 days, it was 2,019,800.
Since last month, WYNN stock rose 4.67%. Shares of the company fell to $97.36 on 07/06/23, the lowest level in the past month. A 52-week high of $117.86 was reached on 05/01/23 after having rallying from a 52-week low of $53.81. Since the beginning of this year, WYNN’s stock price has risen by 26.32% or $21.71, and marked a new high 21 times. However, the stock has declined by -11.61% since its 52-week high.
WYNN stock investors should be aware that Wynn Resorts Limited (WYNN) stock had its last reported insider trading activity 46 days ago on Jun 20. Mulroy Patricia, the Director of the company, disposed of 1,000 shares for $104.96 on Jun 20. It resulted in a $104,960 divestment by the insider. Mulroy Patricia sold 1,100 shares at an average price of $101.65 on May 25. The insider now owns 1,982 shares following the transaction. On Mar 16, CEO Billings Craig Scott sold 10,901 shares at $103.26 apiece. The transaction was valued at $1,125,637.
Valuation Metrics
The latest dividend of $0.25 per share was paid out, which is -75.0% less than last year’s $1.00. On Tuesday May 9 2023, a $0.75 dividend decrease was announced.
Financial Health
In the three months ended March 30, Wynn Resorts Limited’s quick ratio stood at 3.10, while its current ratio was 3.10, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 38.70% percent. In the year ended March 30, EBITDA margin amounted to 11.45%, whereas operating margins totaled 3.60%. Based on annual data, WYNN earned $1.37 billion in gross profit and brought in $3.76 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 -1.00%. Return on equity (ROE) for the past 12 months was 32.10%.
In Wynn Resorts Limited’s quarter-end financial report for March 30, it reported total debt of $12.11 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. WYNN’s revenue rose 33.04% to $1.0 billion during the quarter, while net income inched up to $1.42 billion. While analysts expected Wynn Resorts Limited to report -$0.01 quarterly earnings, the actual figure was $0.29 per share. During the quarter, the company generated $347.09 million in EBITDA. The liabilities of Wynn Resorts Limited were 15.34 billion at the end of its most recent quarter ended March 30, and its total debt was $13.88 billion. The value of shareholders’ equity is $113.8 million.
Technical Picture
This quick technical analysis looks at Wynn Resorts Limited’s (WYNN) price momentum. With a historical volatility rate of 22.80%, the RSI 9-day stood at 35.99% on 04 August.
With respect to its five-day moving average, the current Wynn Resorts Limited price is down by -4.40% percent or -$4.80. At present, WYNN shares trade +2.82% above its 20-day simple moving average and -1.95% percent below its 100-day simple moving average. However, the stock is currently trading approximately +2.26% above its SMA50 and +81.82% above its SMA200.
Stochastic coefficient K was 24.14% and Stochastic coefficient D was 31.60%, while ATR was 2.84. Given the Stochastic reading of 22.88% for the 14-day period, the RSI (14) reading has been calculated as 42.39%. As of today, the MACD Oscillator reading stands at -2.64, while the 14-day reading stands at -2.52.
Analyst Ratings
Wells Fargo reiterated its an Overweight rating on Wynn Resorts Limited (NASDAQ: WYNN) in a note to investors. The analysts firm has however raised their price target to $138, representing a possible 22.25% increase in the stock price. Wynn Resorts Limited (WYNN) has been rated Overweight by analysts. According to 0 brokerage firms, WYNN is a sell, and 8 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Wynn Resorts Limited stock as buy, with 6 recommending it as overweight.
With a median target price of $126.00, the current consensus forecast for the stock is $99.00 – $150.00. Based on these forecasts, analysts predict Wynn Resorts Limited (WYNN) will achieve an average price target of $126.87.
