MLCO has 36-month beta value of 1.12. Analysts have mixed views on the stock, with 7 analysts rating it as a “buy,” 3 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for MLCO is 436.82M, and currently, short sellers hold a 2.04% ratio of that float. The average trading volume of MLCO on April 01, 2024 was 3.06M shares.
MLCO) stock’s latest price update
Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO)’s stock price has plunge by 3.81relation to previous closing price of 7.21. Nevertheless, the company has seen a 8.48% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-02-29 that Although the revenue and EPS for Melco (MLCO) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
MLCO’s Market Performance
Melco Resorts & Entertainment Ltd ADR (MLCO) has experienced a 8.48% rise in stock performance for the past week, with a -3.17% drop in the past month, and a -15.99% drop in the past quarter. The volatility ratio for the week is 2.84%, and the volatility levels for the past 30 days are at 4.45% for MLCO. The simple moving average for the last 20 days is 3.70% for MLCO stock, with a simple moving average of -21.07% for the last 200 days.
Analysts’ Opinion of MLCO
Many brokerage firms have already submitted their reports for MLCO stocks, with Susquehanna repeating the rating for MLCO by listing it as a “Positive.” The predicted price for MLCO in the upcoming period, according to Susquehanna is $15 based on the research report published on December 15, 2023 of the previous year 2023.
Macquarie, on the other hand, stated in their research note that they expect to see MLCO reach a price target of $16.30. The rating they have provided for MLCO stocks is “Outperform” according to the report published on July 18th, 2023.
MLCO Trading at -5.38% 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 -48.22% of loss for the given period.
Volatility was left at 4.45%, however, over the last 30 days, the volatility rate increased by 2.84%, as shares surge +4.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.90% lower at present.
During the last 5 trading sessions, MLCO rose by +7.78%, which changed the moving average for the period of 200-days by -38.54% in comparison to the 20-day moving average, which settled at $7.23. In addition, Melco Resorts & Entertainment Ltd ADR saw -15.61% 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:
- 0.08 for the present operating margin
- 0.34 for the gross margin
The net margin for Melco Resorts & Entertainment Ltd ADR stands at -0.08. The total capital return value is set at 0.04.
Based on Melco Resorts & Entertainment Ltd ADR (MLCO), the company’s capital structure generated 1.21 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at -5.85. The interest coverage ratio of the stock is 0.59.
Currently, EBITDA for the company is 858.12 million with net debt to EBITDA at 7.67. When we switch over and look at the enterprise to sales, we see a ratio of 2.58. The receivables turnover for the company is 40.84for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.40.
Conclusion
To put it simply, Melco Resorts & Entertainment Ltd ADR (MLCO) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as 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.
