Wynn Resorts Ltd. (NASDAQ: WYNN)’s stock price has gone decline by -1.49 in comparison to its previous close of 99.35, however, the company has experienced a -6.11% decrease in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-15 that Wynn (WYNN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Is It Worth Investing in Wynn Resorts Ltd. (NASDAQ: WYNN) Right Now?
Wynn Resorts Ltd. (NASDAQ: WYNN) has a higher price-to-earnings ratio of 15.93x compared to its average ratio. WYNN has 36-month beta value of 1.90. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 2 as “overweight,” 9 as “hold,” and 0 as “sell.”
The public float for WYNN is 94.86M, and currently, short sellers hold a 5.25% ratio of that float. The average trading volume of WYNN on April 17, 2024 was 1.79M shares.
WYNN’s Market Performance
The stock of Wynn Resorts Ltd. (WYNN) has seen a -6.11% decrease in the past week, with a -0.98% drop in the past month, and a 7.36% gain in the past quarter. The volatility ratio for the week is 2.27%, and the volatility levels for the past 30 days are at 2.11% for WYNN. The simple moving average for the past 20 days is -4.84% for WYNN’s stock, with a 1.33% simple moving average for the past 200 days.
Analysts’ Opinion of WYNN
Mizuho, on the other hand, stated in their research note that they expect to see WYNN reach a price target of $131. The rating they have provided for WYNN stocks is “Buy” according to the report published on April 04th, 2024.
WYNN Trading at -4.56% 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 -16.96% of loss for the given period.
Volatility was left at 2.11%, however, over the last 30 days, the volatility rate increased by 2.27%, as shares sank -1.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.11% upper at present.
During the last 5 trading sessions, WYNN fell by -5.44%, which changed the moving average for the period of 200-days by -6.67% in comparison to the 20-day moving average, which settled at $102.79. In addition, Wynn Resorts Ltd. saw 7.42% 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 3.29. 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
To put it simply, Wynn Resorts Ltd. (WYNN) has had a mixed performance in recent times. Analysts have a mixed 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.
