Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) has experienced a rise in its stock price by 1.72 compared to its previous closing price of 7.57. However, the company has seen a gain of 28.98% in its stock price over the last five trading days. fool.com reported 2024-09-27 that China announced a stimulus that is aimed at reaching the country’s 5% GDP growth goal. Investors are betting that one area to benefit from stimulus is Macao’s casinos.
Is It Worth Investing in Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) Right Now?
The stock has a 36-month beta value of 1.05. Opinions on the stock are mixed, with 11 analysts rating it as a “buy,” 4 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for MLCO is 440.15M, and at present, short sellers hold a 1.70% of that float. On September 30, 2024, the average trading volume of MLCO was 3.65M shares.
MLCO’s Market Performance
MLCO’s stock has seen a 28.98% increase for the week, with a 51.57% rise in the past month and a 3.22% gain in the past quarter. The volatility ratio for the week is 4.81%, and the volatility levels for the past 30 days are at 4.27% for Melco Resorts & Entertainment Ltd ADR. The simple moving average for the past 20 days is 34.85% for MLCO’s stock, with a 6.31% 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 36.93% 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 -23.76% of loss for the given period.
Volatility was left at 4.27%, however, over the last 30 days, the volatility rate increased by 4.81%, as shares surge +51.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.27% upper at present.
During the last 5 trading sessions, MLCO rose by +28.98%, which changed the moving average for the period of 200-days by -3.75% in comparison to the 20-day moving average, which settled at $5.84. In addition, Melco Resorts & Entertainment Ltd ADR saw -13.19% 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:
- 0.11 for the present operating margin
- 0.28 for the gross margin
The net margin for Melco Resorts & Entertainment Ltd ADR stands at -0.03. The total capital return value is set at 0.07.
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 0.08. The debt to equity ratio resting at -5.79. The interest coverage ratio of the stock is 0.93.
Currently, EBITDA for the company is 858.12 million with net debt to EBITDA at 6.19. When we switch over and look at the enterprise to sales, we see a ratio of 2.22. The receivables turnover for the company is 45.15for trailing twelve months and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.29.
Conclusion
To sum up, Melco Resorts & Entertainment Ltd ADR (MLCO) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
