Melco Resorts & Entertainment Limited (NASDAQ:MLCO) went down by -4.02% from its latest closing price compared to the recent 1-year high of $23.65. The company’s stock price has collected -1.67% of loss in the last five trading sessions. Press Release reported on 04/28/21 that Melco Announces Unaudited First Quarter 2021 Earnings
Is It Worth Investing in Melco Resorts & Entertainment Limited (NASDAQ :MLCO) Right Now?
Plus, the 36-month beta value for MLCO is at 1.78. Opinions of the stock are interesting as 9 analysts out of 15 who provided ratings for Melco Resorts & Entertainment Limited declared the stock was a “buy,” while 3 rated the stock as “overweight,” 1 rated it as “hold,” and 2 as “sell.”
The average price from analysts is $22.78, which is $3.32 above the current price. MLCO currently public float of 462.09M and currently shorts hold a 0.60% ratio of that float. Today, the average trading volume of MLCO was 2.53M shares.
MLCO’s Market Performance
MLCO stocks went down by -1.67% for the week, with a monthly drop of -7.95% and a quarterly performance of 15.55%, while its annual performance rate touched 26.05%. The volatility ratio for the week stands at 4.76% while the volatility levels for the past 30 days are set at 3.51% for Melco Resorts & Entertainment Limited. The simple moving average for the period of the last 20 days is -3.68% for MLCO stocks with a simple moving average of 3.24% for the last 200 days.
Analysts’ Opinion of MLCO
Credit Suisse, on the other hand, stated in their research note that they expect to see MLCO reach a price target of $14. The rating they have provided for MLCO stocks is “Underperform” according to the report published on January 19th, 2021.
Macquarie gave a rating of “Neutral” to MLCO, setting the target price at $20 in the report published on January 07th of the current year.
MLCO Trading at -7.61% from the 50-Day Moving Average
After a stumble in the market that brought MLCO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.20% of loss for the given period.
Volatility was left at 3.51%, however, over the last 30 days, the volatility rate increased by 4.76%, as shares sank -11.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.20% lower at present.
During the last 5 trading sessions, MLCO fell by -1.67%, which changed the moving average for the period of 200-days by +10.29% in comparison to the 20-day moving average, which settled at $19.47. In addition, Melco Resorts & Entertainment Limited saw 1.73% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for MLCO
Current profitability levels for the company are sitting at:
- -51.62 for the present operating margin
- -23.50 for the gross margin
The net margin for Melco Resorts & Entertainment Limited stands at -73.12. The total capital return value is set at -11.24, while invested capital returns managed to touch -17.73. Equity return is now at value -93.70, with -12.80 for asset returns.
Based on Melco Resorts & Entertainment Limited (MLCO), the company’s capital structure generated 553.35 points at debt to equity in total, while total debt to capital is 84.69. Total debt to assets is 67.60, with long-term debt to equity ratio resting at 543.63. Finally, the long-term debt to capital ratio is 83.21.
When we switch over and look at the enterprise to sales, we see a ratio of 8.04, with the company’s debt to enterprise value settled at 0.44. The receivables turnover for the company is 8.34 and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.80.