Wynn Resorts Limited (NASDAQ: WYNN)’s stock price has decreased by -3.20 compared to its previous closing price of 108.33. Nevertheless, the company has seen a loss of -7.64% in its stock price over the last five trading days. Barron’s reported on 11/28/22 that Wynn, Casino Stocks Rise on Macau License Renewals. One Risk Down, One to Go.
Is It Worth Investing in Wynn Resorts Limited (NASDAQ: WYNN) Right Now?
The 36-month beta value for WYNN is also noteworthy at 2.04. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 0 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
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The average price estimated by analysts for WYNN is $119.36, which is $13.6 above than the current price. The public float for WYNN is 96.11M, and at present, short sellers hold a 7.81% of that float. The average trading volume of WYNN on March 16, 2023 was 2.63M shares.
WYNN’s Market Performance
The stock of Wynn Resorts Limited (WYNN) has seen a -7.64% decrease in the past week, with a -4.04% drop in the past month, and a 21.35% gain in the past quarter. The volatility ratio for the week is 3.42%, and the volatility levels for the past 30 days are at 2.70% for WYNN. The simple moving average for the last 20 days is -4.27% for WYNN stock, with a simple moving average of 38.47% for the last 200 days.
Analysts’ Opinion of WYNN
Many brokerage firms have already submitted their reports for WYNN stocks, with Wells Fargo repeating the rating for WYNN by listing it as a “Overweight.” The predicted price for WYNN in the upcoming period, according to Wells Fargo is $101 based on the research report published on January 03rd of the current year 2023.
JP Morgan, on the other hand, stated in their research note that they expect to see WYNN reach a price target of $91, previously predicting the price at $71. The rating they have provided for WYNN stocks is “Overweight” according to the report published on November 28th, 2022.
Morgan Stanley gave a rating of “Equal-Weight” to WYNN, setting the target price at $77 in the report published on November 21st of the previous year.
WYNN Trading at 1.41% from the 50-Day Moving Average
After a stumble in the market that brought WYNN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.00% of loss for the given period.
Volatility was left at 2.70%, however, over the last 30 days, the volatility rate increased by 3.42%, as shares sank -3.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.15% upper at present.
During the last 5 trading sessions, WYNN fell by -7.64%, which changed the moving average for the period of 200-days by +62.75% in comparison to the 20-day moving average, which settled at $109.33. In addition, Wynn Resorts Limited saw 27.15% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WYNN starting from CAMERON-DOE JULIE, who sale 4,000 shares at the price of $108.08 back on Feb 22. After this action, CAMERON-DOE JULIE now owns 65,970 shares of Wynn Resorts Limited, valued at $432,320 using the latest closing price.
Whittemore Ellen F, the EVP and General Counsel of Wynn Resorts Limited, sale 10,383 shares at $109.48 during a trade that took place back on Feb 10, which means that Whittemore Ellen F is holding 71,342 shares at $1,136,731 based on the most recent closing price.
Stock Fundamentals for WYNN
Current profitability levels for the company are sitting at:
- -6.97 for the present operating margin
- +17.95 for the gross margin
The net margin for Wynn Resorts Limited stands at -11.28. Equity return is now at value 68.90, with -3.40 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.22.
Conclusion
In summary, Wynn Resorts Limited (WYNN) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
