A new trading day began on Monday, with Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) stock price remained unchanged from the previous day of trading, before settling in for the closing price of $7.09. MLCO’s price has ranged from $6.61 to $14.45 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Consumer Cyclical sector saw sales topped by 20.78%. Meanwhile, its annual earnings per share averaged 143.78%. With a float of $436.82 million, this company’s outstanding shares have now reached $437.09 million.
The extent of productivity of a business whose workforce counts for 20209 workers is very important to gauge.
Melco Resorts & Entertainment Ltd ADR (MLCO) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Resorts & Casinos Industry. The insider ownership of Melco Resorts & Entertainment Ltd ADR is 0.06%, while institutional ownership is 40.40%.
Melco Resorts & Entertainment Ltd ADR (MLCO) Latest Financial update
In its latest quarterly report, released on 12/30/2023, the company reported earnings of -$0.36 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 143.78% per share during the next fiscal year.
Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) Trading Performance Indicators
Here are Melco Resorts & Entertainment Ltd ADR’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.37. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.82.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.63, a number that is poised to hit 0.03 in the next quarter and is forecasted to reach 0.60 in one year’s time.
Technical Analysis of Melco Resorts & Entertainment Ltd ADR (MLCO)
The latest stats from [Melco Resorts & Entertainment Ltd ADR, MLCO] show that its last 5-days average volume of 1.99 million was inferior to 3.04 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 35.89%. Additionally, its Average True Range was 0.30.
During the past 100 days, Melco Resorts & Entertainment Ltd ADR’s (MLCO) raw stochastic average was set at 16.13%, which indicates a significant decrease from 31.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.21% in the past 14 days, which was lower than the 51.83% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.83, while its 200-day Moving Average is $9.32. Now, the first resistance to watch is $7.17. This is followed by the second major resistance level at $7.25. The third major resistance level sits at $7.36. If the price goes on to break the first support level at $6.99, it is likely to go to the next support level at $6.88. The third support level lies at $6.80 if the price breaches the second support level.
Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) Key Stats
With a market capitalization of 3.10 billion, the company has a total of 445,089K Shares Outstanding. Currently, annual sales are 3,775 M while annual income is -326,920 K. The company’s previous quarter sales were 1,094 M while its latest quarter income was -205,890 K.
