Wynn Resorts Limited (NASDAQ:WYNN) saw a downside of -0.06% to $94.14 after subtracting -$0.06 on Tuesday. The 5-day average trading volume is 1,813,059 shares of the company’s common stock. It has gained $96.25 in the past week and touched a new high 1 time within the past 5 days. An average of 2,121,455 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,921,206.
WYNN’s 1-month performance is -12.44% or -$12.44 on its low of $92.72 reached on 08/21/23. The company’s shares have touched a 52-week low of $53.81 and high of $117.86, with the stock’s rally to the 52-week high happening on 05/01/23. YTD, WYNN has achieved 14.15% or $12.27 and has reached a new high 21 times. However, the current price is down -20.13% from the 52-week high price.
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Insider Transactions
WYNN stock investors last saw insider trading activity on Aug 14.Mulroy Patricia (Director) most recently sold 250 shares at $100.01 per share on Aug 14. This transaction cost the insider $25,002. Director, Mulroy Patricia, sold 1,000 shares at a price of $104.96 on Jun 20. Then, on May 25, Director Mulroy Patricia sold 1,100 shares at a price of $101.65 per share. This transaction amounted to $111,815.
Valuation Metrics
WYNN stock has a beta of 2.06. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.20 while the price to cash flow ratio at 53.72.
Wynn Resorts Limited’s quick ratio for the period ended June 29 was 3.20, with the current ratio over the same period at 3.20. In terms of profitability, the gross margin trailing 12 months is 40.40%. The trailing 12-month EBITDA margin is 11.45% while for the period ending June 29, Wynn Resorts Limited’s operating margin was 9.20%. The firm’s gross profit as reported stood at $1.37 billion against revenue of $3.76 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 223.65% to $105.18 million, while revenue of $12.33 million was 88.28% off the previous quarter. Analysts expected WYNN to announce $0.59 per share in earnings in its latest quarter, but it posted $0.91, representing a 54.20% surprise. EBITDA for the quarter stood at more than $430.63 million. WYNN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 15.29 billion, with total debt at $13.75 billion. Shareholders hold equity totaling $113.94 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 21 August was 26.77% to suggest the stock is trending oversold, with historical volatility in this time period at 31.56%.
The stock’s 5-day moving average is $94.48, reflecting a -0.79% or -$0.75 change from its current price. WYNN is currently trading -12.95% above its 20-day SMA, -13.12% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -7.31% and SMA200 by+41.13%.
Stochastic %K and %D was 9.74% and 6.59% and the average true range (ATR) pointed at 2.59. The RSI (14) points at 31.02%, while the 14-day stochastic is at 14.30% with the period’s ATR at 2.68. The stock’s 9-day MACD Oscillator is pointing at -2.68 and -5.16 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Wynn Resorts Limited (NASDAQ: WYNN), Wells Fargo reiterated its an Overweight rating for the company but lifted their price target by $134 to $138. 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 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 6 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 $108.00 and a high of $150.00, with their median price target at $132.50. Looking at these predictions, the average price target given by analysts is for Wynn Resorts Limited (WYNN) stock is $129.37.
