Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) has seen a decline in its stock price by -1.48 in relation to its previous close of 6.07. seekingalpha.com reported 2024-11-05 that Melco Resorts & Entertainment Limited (NASDAQ:MLCO ) Q3 2024 Earnings Conference Call November 5, 2024 8:30 AM ET Company Participants Jeanny Kim – Senior Vice President, Group Treasurer Evan Winkler – President Lawrence Ho – Chairman and CEO Geoffrey Davis – EVP and CFO Conference Call Participants George Choi – Citi John DeCree – CBRE Luis Ricardo Chinchilla – Deutsche Bank Praveen Choudhary – Morgan Stanley Simon Cheung – Goldman Sachs Operator Ladies and Gentlemen, thank you for participating in the Third Quarter 2024 Earnings Conference Call of Melco Resorts and Entertainment Limited. At this time, all participants are in a listen-only mode.
Is It Worth Investing in Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) Right Now?
The stock has a 36-month beta value of 1.04. 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 419.45M, and at present, short sellers hold a 1.85% of that float. On November 27, 2024, the average trading volume of MLCO was 3.35M shares.
MLCO’s Market Performance
The stock of Melco Resorts & Entertainment Ltd ADR (MLCO) has seen a 0.00% decrease in the past week, with a -14.45% drop in the past month, and a 17.72% gain in the past quarter. The volatility ratio for the week is 3.30%, and the volatility levels for the past 30 days are at 3.80% for MLCO. The simple moving average for the last 20 days is -6.49% for MLCO stock, with a simple moving average of -13.67% for the last 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 -13.24% 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 -37.45% of loss for the given period.
Volatility was left at 3.80%, however, over the last 30 days, the volatility rate increased by 3.30%, as shares sank -13.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.10% upper at present.
During the last 5 trading sessions, MLCO remain unchanged, which changed the moving average for the period of 200-days by -35.00% in comparison to the 20-day moving average, which settled at $6.39. In addition, Melco Resorts & Entertainment Ltd ADR saw -32.58% 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 -0.02. The total capital return value is set at 0.08.
Based on Melco Resorts & Entertainment Ltd ADR (MLCO), the company’s capital structure generated 1.22 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 -5.53. The interest coverage ratio of the stock is 1.03.
Currently, EBITDA for the company is 615.58 million with net debt to EBITDA at 7.44. When we switch over and look at the enterprise to sales, we see a ratio of 1.95. The receivables turnover for the company is 53.86for trailing twelve months and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.19.
Conclusion
To sum up, Melco Resorts & Entertainment Ltd ADR (MLCO) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
