Wynn Resorts Ltd. (NASDAQ: WYNN)’s stock price has gone rise by 4.24 in comparison to its previous close of 102.23, however, the company has experienced a 6.68% increase in its stock price over the last five trading days. CNBC Television reported 2024-04-01 that The Investment Committee gives their top stocks to watch for the second half.
Is It Worth Investing in Wynn Resorts Ltd. (NASDAQ: WYNN) Right Now?
Wynn Resorts Ltd. (NASDAQ: WYNN) has a price-to-earnings ratio of 17.35x that is above its average ratio. Additionally, the 36-month beta value for WYNN is 1.94. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 2 rating it as “overweight,” 9 rating it as “hold,” and 0 rating it as “sell.”
The public float for WYNN is 94.87M and currently, short sellers hold a 4.37% ratio of that float. The average trading volume of WYNN on April 02, 2024 was 1.84M shares.
WYNN’s Market Performance
WYNN stock saw an increase of 6.68% in the past week, with a monthly gain of 1.29% and a quarterly increase of 16.13%. The volatility ratio for the week is 2.08%, and the volatility levels for the last 30 days are 2.08% for Wynn Resorts Ltd. (WYNN). The simple moving average for the past 20 days is 5.89% for WYNN’s stock, with a 10.30% simple moving average for the past 200 days.
Analysts’ Opinion of WYNN
Susquehanna, on the other hand, stated in their research note that they expect to see WYNN reach a price target of $105. The rating they have provided for WYNN stocks is “Positive” according to the report published on December 15th, 2023.
HSBC Securities gave a rating of “Buy” to WYNN, setting the target price at $111 in the report published on October 23rd of the previous year.
WYNN Trading at 6.23% 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 -9.59% of loss for the given period.
Volatility was left at 2.08%, however, over the last 30 days, the volatility rate increased by 2.08%, as shares surge +5.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.24% upper at present.
During the last 5 trading sessions, WYNN rose by +6.68%, which changed the moving average for the period of 200-days by +2.46% in comparison to the 20-day moving average, which settled at $100.90. In addition, Wynn Resorts Ltd. saw 16.96% 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 6,383 shares at the price of $105.27 back on Feb 09 ’24. After this action, CAMERON-DOE JULIE now owns 78,150 shares of Wynn Resorts Ltd., valued at $671,938 using the latest closing price.
Mulroy Patricia, the Director of Wynn Resorts Ltd., sale 960 shares at $105.17 during a trade that took place back on Feb 09 ’24, which means that Mulroy Patricia is holding 522 shares at $100,963 based on the most recent closing price.
Stock Fundamentals for WYNN
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.39 for the gross margin
The net margin for Wynn Resorts Ltd. stands at 0.11. The total capital return value is set at 0.07.
Based on Wynn Resorts Ltd. (WYNN), the company’s capital structure generated 1.02 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at -46.79. The interest coverage ratio of the stock is 1.12.
Currently, EBITDA for the company is 1.63 billion with net debt to EBITDA at 6.11. When we switch over and look at the enterprise to sales, we see a ratio of 3.44. The receivables turnover for the company is 18.64for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.93.
Conclusion
In conclusion, Wynn Resorts Ltd. (WYNN) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
