Additionally, the 36-month beta value for MLCO is 1.13. There are mixed opinions on the stock, with 11 analysts rating it as a “buy,” 4 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The public float for MLCO is 436.82M and currently, short sellers hold a 2.44% ratio of that float. The average trading volume of MLCO on April 23, 2024 was 3.02M shares.
MLCO) stock’s latest price update
Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO)’s stock price has soared by 0.33 in relation to previous closing price of 6.15. Nevertheless, the company has seen a loss of -11.22% in its stock price over the last five trading days. 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
MLCO’s stock has fallen by -11.22% in the past week, with a monthly drop of -11.60% and a quarterly drop of -15.13%. The volatility ratio for the week is 4.37% while the volatility levels for the last 30 days are 3.63% for Melco Resorts & Entertainment Ltd ADR The simple moving average for the last 20 days is -12.08% for MLCO’s stock, with a simple moving average of -31.96% for the last 200 days.
Analysts’ Opinion of MLCO
Many brokerage firms have already submitted their reports for MLCO stocks, with Seaport Research Partners repeating the rating for MLCO by listing it as a “Buy.” The predicted price for MLCO in the upcoming period, according to Seaport Research Partners is $10 based on the research report published on April 15, 2024 of the current year 2024.
Susquehanna, on the other hand, stated in their research note that they expect to see MLCO reach a price target of $15. The rating they have provided for MLCO stocks is “Positive” according to the report published on December 15th, 2023.
Macquarie gave a rating of “Outperform” to MLCO, setting the target price at $16.30 in the report published on July 18th of the previous year.
MLCO Trading at -18.55% 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 -57.32% of loss for the given period.
Volatility was left at 3.63%, however, over the last 30 days, the volatility rate increased by 4.37%, as shares sank -10.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -29.65% lower at present.
During the last 5 trading sessions, MLCO fell by -11.22%, which changed the moving average for the period of 200-days by -46.76% in comparison to the 20-day moving average, which settled at $6.98. In addition, Melco Resorts & Entertainment Ltd ADR saw -30.44% 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 0.11. 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 2.43. 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
In conclusion, Melco Resorts & Entertainment Ltd ADR (MLCO) has seen bad 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’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.
