Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO)’s stock price has dropped by -3.41 in relation to previous closing price of 5.57. Nevertheless, the company has seen a gain of 1.13% in its stock price over the last five trading days. zacks.com reported 2024-08-08 that Looking beyond Wall Street’s top -and-bottom-line estimate forecasts for Melco (MLCO), delve into some of its key metrics to gain a deeper insight into the company’s potential performance for the quarter ended June 2024.
Is It Worth Investing in Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) Right Now?
The 36-month beta value for MLCO is at 1.03. Analysts have varying views on the stock, with 11 analysts rating it as a “buy,” 4 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for MLCO is 436.82M, and currently, shorts hold a 2.17% of that float. The average trading volume for MLCO on August 12, 2024 was 2.69M shares.
MLCO’s Market Performance
The stock of Melco Resorts & Entertainment Ltd ADR (MLCO) has seen a 1.13% increase in the past week, with a -18.98% drop in the past month, and a -31.46% fall in the past quarter. The volatility ratio for the week is 6.02%, and the volatility levels for the past 30 days are at 4.93% for MLCO. The simple moving average for the past 20 days is -7.83% for MLCO’s stock, with a -29.07% simple moving average for the past 200 days.
Analysts’ Opinion of MLCO
Many brokerage firms have already submitted their reports for MLCO stocks, with JP Morgan repeating the rating for MLCO by listing it as a “Neutral.” The predicted price for MLCO in the upcoming period, according to JP Morgan is $7 based on the research report published on July 18, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see MLCO reach a price target of $10.40, previously predicting the price at $7.50. The rating they have provided for MLCO stocks is “Buy” according to the report published on May 29th, 2024.
Morgan Stanley gave a rating of “Overweight” to MLCO, setting the target price at $9.60 in the report published on May 06th of the current year.
MLCO Trading at -21.98% 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 -58.79% of loss for the given period.
Volatility was left at 4.93%, however, over the last 30 days, the volatility rate increased by 6.02%, as shares sank -17.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -33.50% lower at present.
During the last 5 trading sessions, MLCO rose by +0.75%, which changed the moving average for the period of 200-days by -36.87% in comparison to the 20-day moving average, which settled at $5.78. In addition, Melco Resorts & Entertainment Ltd ADR saw -39.35% 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:
- 0.1 for the present operating margin
- 0.3 for the gross margin
The net margin for Melco Resorts & Entertainment Ltd ADR stands at -0.04. The total capital return value is set at 0.06.
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 -5.75. The interest coverage ratio of the stock is 0.81.
Currently, EBITDA for the company is 858.12 million with net debt to EBITDA at 6.62. When we switch over and look at the enterprise to sales, we see a ratio of 2.11. The receivables turnover for the company is 49.61for trailing twelve months and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.36.
Conclusion
In conclusion, Melco Resorts & Entertainment Ltd ADR (MLCO) has had a bad performance lately. Opinion on the stock among analysts is mixed, 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.
