Wynn Resorts Limited (NASDAQ:WYNN) finished Wednesday with a subtraction of -$1.52 to close at $101.55, a downside of -1.47 percent. An average of 2,044,100 shares of common stock have been traded in the last five days. There was a fall of -$3.61 in the past week, and it reached a new high 36 times over the past 12 months. The last 20 days have seen an average of 1,755,225 shares traded, while the 50-day average volume stands at 2,033,420.
WYNN stock has decreased by -6.20% in the last month. The company shares reached their 1-month lowest point of $101.20 on 08/09/23. With the stock rallying to its 52-week high on 05/01/23, shares of the company touched a low of $53.81 and a high of $117.86 in 52 weeks. It has reached a new high 21 times so far this year and achieved 23.14% or $19.08 in price. In spite of this, the price is down -13.84% from the 52-week high.
Insider Transactions
WYNN stock investors should be aware that Wynn Resorts Limited (WYNN) stock had its last reported insider trading activity 51 days ago on Jun 20. In this transaction, the insider spent $104,960. Director, Mulroy Patricia, disposed of 1,100 shares at a price of $101.65 on May 25. The insider now owns more than $111,815 worth of shares. Prior to that, CEO Billings Craig Scott went on to Sale 10,901 shares at $103.26 each on Mar 16. An amount of $1,125,637 was transacted.
Valuation Metrics
Wynn Resorts Limited (WYNN) stock’s beta is 2.05. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.77.
The company’s most recent quarterly dividend payment was $0.25 a share, representing a down of -75.0% from $1.00 last year. Its latest decrease dividend $0.75 reported on Tuesday May 9 2023.
Financial Health
The quick ratio of Wynn Resorts Limited for the three months ended March 30 was 3.10, and the current ratio was 3.10, indicating that the company is able to meet its debt obligations. Wynn Resorts Limited’s EBITDA margin for the year ending March 30 is 11.45%, while its operating margin for the same period stands at 3.60%. Its gross profit as reported stood at $1.37 billion compared to revenue of $3.76 billion.
Earnings Surprise
For the three-month period that ended March 30, Wynn Resorts Limited had $12.11 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $12.33 million in the quarter, while revenues of $32.41 million were grew 1586.78%. The analyst consensus anticipated Wynn Resorts Limited’s latest quarter earnings to come in at -$0.01 per share, but it turned out to be $0.29, a 3,000.00% surprise. For the quarter, EBITDA amounted to $347.09 million. Shareholders own equity worth $113.8 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 09 August was 29.64%, suggesting the stock is oversold, with historical volatility in this time frame at 22.00%.
As of today, WYNN’s price is $103.89 -3.43% or -$3.61 from its 5-day moving average. WYNN is currently trading -6.72% lower than its 20-day SMA and -5.48% lower than its 100-day SMA. However, the stock’s current price level is +0.42% above the SMA50 and +80.92% above the SMA200.
The stochastic %K and %D were 15.47% and 22.91%, respectively, and the average true range (ATR) was 2.79. With the 14-day stochastic at 3.54% and the average true range at 2.78, the RSI (14) stands at 36.97%. The stock has reached -2.53 on the 9-day MACD Oscillator while the 14-day reading was at -3.42.
Analyst Ratings
Wells Fargo reiterated its an Overweight rating on Wynn Resorts Limited (NASDAQ: WYNN), but raised their price target to $134, indicating a potential price increase of 24.22% for the stock. The consensus rating for Wynn Resorts Limited (WYNN) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell WYNN, while 8 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 6 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 $99.00 and $150.00, with a median target of $126.00. Taking a look at these predictions, the average price target given by analysts for Wynn Resorts Limited (WYNN) stock is $126.87.
