Wynn Resorts Ltd. (NASDAQ:WYNN) finished Wednesday with an addition of $1.53 to close at $92.21, an upside of 1.69 percent. An average of 1,973,160 shares of common stock have been traded in the last five days. There was a fall of -$1.48 in the past week, and it reached a new high 33 times over the past 12 months. The last 20 days have seen an average of 1,963,670 shares traded, while the 50-day average volume stands at 1,950,312.
WYNN stock has decreased by -4.73% in the last month. The company shares reached their 1-month lowest point of $89.95 on 09/25/23. 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 11.81% or $9.74 in price. In spite of this, the price is down -21.76% from the 52-week high.
Insider Transactions
WYNN stock investors should be aware that Wynn Resorts Ltd. (WYNN) stock had its last reported insider trading activity 14 days ago on Sep 14. In this transaction, the insider spent $48,805. Director, Mulroy Patricia, disposed of 250 shares at a price of $100.01 on Aug 14. The insider now owns more than $25,002 worth of shares. Prior to that, Director Mulroy Patricia went on to Sale 1,000 shares at $104.96 each on Jun 20. An amount of $104,960 was transacted.
Valuation Metrics
Wynn Resorts Ltd. (WYNN) stock’s beta is 2.05. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.14, and the price-to-cash flow ratio at 40.87.
Financial Health
The quick ratio of Wynn Resorts Ltd. for the recent quarter was 3.18, and the current ratio was 3.23, indicating that the company is able to meet its debt obligations. Wynn Resorts Ltd.’s EBITDA margin is 11.45%, while its operating margin for the same period stands at 6.18%. Its gross profit as reported stood at $1.37 billion compared to revenue of $3.76 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Wynn Resorts Ltd.’s return on assets was 0.06%.
Earnings Surprise
For the recent quarter, Wynn Resorts Ltd. had $12.1 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 $105.18 million in the quarter, while revenues of $12.33 million were grew 223.65%. Shareholders own equity worth $113.94 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Wynn Resorts Ltd. (WYNN) price momentum. RSI 9-day as of the close on 27 September was 40.28%, suggesting the stock is Neutral, with historical volatility in this time frame at 25.02%.
As of today, WYNN’s price is $91.09 -1.58% or -$1.48 from its 5-day moving average. WYNN is currently trading -5.98% lower than its 20-day SMA and -15.60% lower than its 100-day SMA. However, the stock’s current price level is -14.83% below the SMA50 and +6.69% above the SMA200.
The stochastic %K and %D were 12.93% and 9.89%, respectively, and the average true range (ATR) was 2.34. With the 14-day stochastic at 23.76% and the average true range at 2.41, the RSI (14) stands at 39.68%. The stock has reached -1.94 on the 9-day MACD Oscillator while the 14-day reading was at -2.85.
Analyst Ratings
Wells Fargo reiterated its an Overweight rating on Wynn Resorts Ltd. (NASDAQ: WYNN), but raised their price target to $134, indicating a potential price increase of 31.19% for the stock. The consensus rating for Wynn Resorts Ltd. (WYNN) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell WYNN, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 7 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 $113.00 and $150.00, with a median target of $132.50. Taking a look at these predictions, the average price target given by analysts for Wynn Resorts Ltd. (WYNN) stock is $129.96.
