Melco Resorts & Entertainment Ltd ADR (NASDAQ:MLCO) traded at $6.55 at last check on Monday, April 29, made an upward move of 3.23% on its previous day’s price.
Looking at the stock we see that its previous close was $6.34. In terms of its 52-week price range, MLCO has a high of $14.00 and a low of $6.10. The company’s stock has lost about -9.22% over that past 30 days.
Melco Resorts & Entertainment Ltd ADR has a market cap of $2.86 billion. Estimates by analysts give the company expected earnings per share (EPS) of $0.03, with the EPS growth for the year raised at $0.24 for 2024 and $0.58 for next year. These figures represent 138.10% and 141.70% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.12 billion, with a low of $1.02 billion and a high of $1.19 billion. The median projection represents growth squeezing down to 25.60% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $4.67 billion, or 23.80% up from figures reported last year.
On the other hand, looking at the outlook for the MLCO stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -4.05% off its SMA20 and -10.34% from its 50-day simple moving average. The RSI (14) is pointing at 42.19 while the volatility over the past week is 3.19% and jumps to 3.69% over the past one month. The beta value is 1.12, while the average true range (ATR) is currently pointing at 0.27.
Coming back to Melco Resorts & Entertainment Ltd ADR (NASDAQ:MLCO), we note that the average 3-month trading volume was 2.95 million. Current shares outstanding are 437.09 million.
The insiders hold 0.06% of the company’s shares while institutions hold 40.42%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -26.21% down in year-to-date price movement.
