Melco Resorts & Entertainment Ltd ADR (NASDAQ:MLCO) finished Friday with an addition of $0.58 to close at $9.89, an upside of 6.23 percent. An average of 2,335,840 shares of common stock have been traded in the last five days. There was a gain of $0.11 in the past week, and it reached a new high 23 times over the past 12 months. The last 20 days have seen an average of 2,336,440 shares traded, while the 50-day average volume stands at 2,934,088.
MLCO stock has decreased by -10.09% in the last month. The company shares reached their 1-month lowest point of $9.07 on 09/27/23. With the stock rallying to its 52-week high on 04/20/23, shares of the company touched a low of $4.72 and a high of $14.45 in 52 weeks. It has reached a new high 9 times so far this year and lost -14.00% or -$1.61 in price. In spite of this, the price is down -31.58% from the 52-week high.
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Valuation Metrics
Melco Resorts & Entertainment Ltd ADR (MLCO) stock’s beta is 1.28. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.93.
The company’s most recent quarterly dividend payment was $0.1651 a share, representing a up of 0.06% from $0.1650 last year. Its latest increase dividend $0.0001 reported on Friday February 21 2020.
Financial Health
The quick ratio of Melco Resorts & Entertainment Ltd ADR for the three months ended June 29 was 1.43, and the current ratio was 1.46, indicating that the company is able to meet its debt obligations. Its gross profit as reported stood at $286.52 million compared to revenue of $1.35 billion.
Earnings Surprise
For the three-month period that ended June 29, Melco Resorts & Entertainment Ltd ADR had $8.09 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 -$930.53 million in the quarter, while revenues were grew 12.76%. The analyst consensus anticipated Melco Resorts & Entertainment Ltd ADR’s latest quarter earnings to come in at -$0.06 per share, but it turned out to be -$0.05, a 16.70% surprise. For the quarter, EBITDA amounted to $64.28 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Melco Resorts & Entertainment Ltd ADR (MLCO) price momentum. RSI 9-day as of the close on 29 September was 47.52%, suggesting the stock is Neutral, with historical volatility in this time frame at 51.05%.
As of today, MLCO’s price is $9.48 +1.12% or $0.11 from its 5-day moving average. MLCO is currently trading -11.85% lower than its 20-day SMA and -22.19% lower than its 100-day SMA. However, the stock’s current price level is -23.69% below the SMA50 and -14.15% below the SMA200.
The stochastic %K and %D were 28.91% and 16.93%, respectively, and the average true range (ATR) was 0.40. With the 14-day stochastic at 50.31% and the average true range at 0.39, the RSI (14) stands at 42.85%. The stock has reached -0.13 on the 9-day MACD Oscillator while the 14-day reading was at -0.36.
Analyst Ratings
Macquarie launched coverage on Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) in its analyst report released on July 18, 2023. The firm assigned the stock an Outperform rating. The consensus rating for Melco Resorts & Entertainment Ltd ADR (MLCO) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MLCO, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 9 others rate it as a “buy”.
What is MLCO’s price target for the next 12 months?
Analysts predict a range of price targets between $14.20 and $20.00, with a median target of $17.50. Taking a look at these predictions, the average price target given by analysts for Melco Resorts & Entertainment Ltd ADR (MLCO) stock is $17.36.
