Melco Resorts & Entertainment Limited (NASDAQ: MLCO) has experienced a decline in its stock price by -5.08 compared to its previous closing price of 11.41. However, the company has seen a fall of -4.16% 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 Melco Resorts & Entertainment Limited (NASDAQ: MLCO) Right Now?
, and the 36-month beta value for MLCO is at 1.19. Analysts have varying views on the stock, with 9 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
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The average price suggested by analysts for MLCO is $16.90, which is $4.47 above the current market price. The public float for MLCO is 147.74M, and currently, shorts hold a 4.55% of that float. The average trading volume for MLCO on May 24, 2023 was 3.09M shares.
MLCO’s Market Performance
MLCO’s stock has seen a -4.16% decrease for the week, with a -21.86% drop in the past month and a -14.59% fall in the past quarter. The volatility ratio for the week is 4.70%, and the volatility levels for the past 30 days are at 4.47% for Melco Resorts & Entertainment Limited The simple moving average for the past 20 days is -12.18% for MLCO’s stock, with a 9.60% simple moving average for the past 200 days.
MLCO Trading at -13.21% 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 -25.08% of loss for the given period.
Volatility was left at 4.47%, however, over the last 30 days, the volatility rate increased by 4.70%, as shares sank -18.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.72% lower at present.
During the last 5 trading sessions, MLCO fell by -4.16%, which changed the moving average for the period of 200-days by +103.19% in comparison to the 20-day moving average, which settled at $12.21. In addition, Melco Resorts & Entertainment Limited saw -5.83% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MLCO
Current profitability levels for the company are sitting at:
- -53.89 for the present operating margin
- -15.76 for the gross margin
The net margin for Melco Resorts & Entertainment Limited stands at -68.93. The total capital return value is set at -8.95, while invested capital returns managed to touch -12.65. Equity return is now at value 115.40, with -9.20 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 7.41, with the company’s debt to enterprise value settled at 0.69. The receivables turnover for the company is 24.22 and the total asset turnover is 0.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.73.
Conclusion
In conclusion, Melco Resorts & Entertainment Limited (MLCO) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
