The stock of Melco Resorts & Entertainment Ltd ADR (MLCO) has gone up by 7.86% for the week, with a -0.62% drop in the past month and a 32.75% rise in the past quarter. The volatility ratio for the week is 3.23%, and the volatility levels for the past 30 days are 3.57% for MLCO. The simple moving average for the past 20 days is 12.43% for MLCO’s stock, with a 3.43% simple moving average for the past 200 days.
Is It Worth Investing in Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) Right Now?
The 36-month beta value for MLCO is at 1.04. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 3 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for MLCO is 419.45M, and currently, shorts hold a 2.64% of that float. The average trading volume for MLCO on December 09, 2024 was 3.50M shares.
MLCO) stock’s latest price update
Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO)’s stock price has gone rise by 7.86 in comparison to its previous close of 6.56, however, the company has experienced a 7.86% increase in its stock price over the last five trading days. 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.
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 2.51% 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 -25.99% of loss for the given period.
Volatility was left at 3.57%, however, over the last 30 days, the volatility rate increased by 3.23%, as shares surge +4.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.21% lower at present.
During the last 5 trading sessions, MLCO rose by +8.92%, which changed the moving average for the period of 200-days by -16.82% in comparison to the 20-day moving average, which settled at $6.30. In addition, Melco Resorts & Entertainment Ltd ADR saw -20.23% 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 2.05. 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
In conclusion, Melco Resorts & Entertainment Ltd ADR (MLCO) has had a mixed performance lately. Opinion on the stock among analysts is bullish, 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.
