Wynn Resorts Ltd. (WYNN) is destined for greater heights as its last quarter sales were 1,840 M

Wynn Resorts Ltd. (NASDAQ: WYNN) kicked off on Monday, up 2.62% from the previous trading day, before settling in for the closing price of $94.99. Over the past 52 weeks, WYNN has traded in a range of $81.65-$117.86.

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A company in the Consumer Cyclical sector has jumped its sales by 16.68% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 24.99%. With a float of $94.86 million, this company’s outstanding shares have now reached $111.74 million.

In an organization with 27800 employees, it is important to assess its efficiency.

Wynn Resorts Ltd. (WYNN) Insider Updates

Our next focus will be how large-scale investors are participating in this stock of the Resorts & Casinos Industry. The insider ownership of Wynn Resorts Ltd. is 15.35%, while institutional ownership is 62.42%. The most recent insider transaction that took place on Feb 09 ’24, was worth 671,938. In this transaction CFO of this company sold 6,383 shares at a rate of $105.27, taking the stock ownership to the 78,150 shares. Before that another transaction happened on Feb 09 ’24, when Company’s Director sold 960 for $105.17, making the entire transaction worth $100,963. This insider now owns 522 shares in total.

Wynn Resorts Ltd. (WYNN) Performance Highlights and Predictions

In the latest quarterly report, which was put into the public domain on 12/31/2023, the organization reported $1.91 earnings per share (EPS), higher than consensus estimate (set at $1.15) by $0.76. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.13 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 24.99% per share during the next fiscal year.

Wynn Resorts Ltd. (NASDAQ: WYNN) Trading Performance Indicators

Take a look at Wynn Resorts Ltd.’s (WYNN) current performance indicators. Last quarter, stock had a quick ratio of 1.89. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.67. Likewise, its price to free cash flow for the trailing twelve months is 14.30.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.14, a number that is poised to hit 1.29 in the next quarter and is forecasted to reach 5.53 in one year’s time.

Technical Analysis of Wynn Resorts Ltd. (WYNN)

Let’s dig in a bit further. During the last 5-days, its volume was 1.58 million. That was inferior than the volume of 1.8 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 9.95%. Additionally, its Average True Range was 2.56.

During the past 100 days, Wynn Resorts Ltd.’s (WYNN) raw stochastic average was set at 54.61%, which indicates a significant increase from 17.20% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.91% in the past 14 days, which was lower than the 27.36% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $102.20, while its 200-day Moving Average is $96.45. However, in the short run, Wynn Resorts Ltd.’s stock first resistance to watch stands at $98.39. Second resistance stands at $99.31. The third major resistance level sits at $100.61. If the price goes on to break the first support level at $96.18, it is likely to go to the next support level at $94.88. Assuming the price breaks the second support level, the third support level stands at $93.97.

Wynn Resorts Ltd. (NASDAQ: WYNN) Key Stats

The company with the Market Capitalisation of 10.92 billion has total of 112,078K Shares Outstanding. Its annual sales at the moment are 6,532 M in contrast with the sum of 729,990 K annual income. Company’s last quarter sales were recorded 1,840 M and last quarter income was 729,160 K.