MLCO has 36-month beta value of 1.05. Analysts have mixed views on the stock, with 11 analysts rating it as a “buy,” 4 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for MLCO is 440.15M, and currently, short sellers hold a 1.64% ratio of that float. The average trading volume of MLCO on October 22, 2024 was 3.95M shares.
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MLCO) stock’s latest price update
The stock price of Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) has plunged by -2.52 when compared to previous closing price of 7.13, but the company has seen a -9.86% decline in its stock price over the last five trading sessions. zacks.com reported 2024-10-16 that The average of price targets set by Wall Street analysts indicates a potential upside of 30.9% in Melco (MLCO). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
MLCO’s Market Performance
MLCO’s stock has fallen by -9.86% in the past week, with a monthly rise of 16.42% and a quarterly rise of 14.31%. The volatility ratio for the week is 4.14% while the volatility levels for the last 30 days are 4.68% for Melco Resorts & Entertainment Ltd ADR The simple moving average for the past 20 days is -8.77% for MLCO’s stock, with a -2.92% 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 10.05% 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 -27.30% of loss for the given period.
Volatility was left at 4.68%, however, over the last 30 days, the volatility rate increased by 4.14%, as shares surge +15.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.78% upper at present.
During the last 5 trading sessions, MLCO fell by -9.86%, which changed the moving average for the period of 200-days by -23.79% in comparison to the 20-day moving average, which settled at $7.62. In addition, Melco Resorts & Entertainment Ltd ADR saw -21.65% 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 0.04. 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 2.15. 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 put it simply, Melco Resorts & Entertainment Ltd ADR (MLCO) 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.
