Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) kicked off on Monday, down -2.52% from the previous trading day, before settling in for the closing price of $7.13. Over the past 52 weeks, MLCO has traded in a range of $4.78-$9.56.
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A company in the Consumer Cyclical sector has jumped its sales by 20.78% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 131.82%. With a float of $440.15 million, this company’s outstanding shares have now reached $440.42 million.
In an organization with 20209 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 27.58%, operating margin of 10.77%, and the pretax margin is -5.38%.
Melco Resorts & Entertainment Ltd ADR (MLCO) 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 Melco Resorts & Entertainment Ltd ADR is 0.06%, while institutional ownership is 40.49%.
Melco Resorts & Entertainment Ltd ADR (MLCO) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.04 earnings per share (EPS), lower than consensus estimate (set at 0.03) by -0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 131.82% per share during the next fiscal year.
Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) Trading Performance Indicators
Take a look at Melco Resorts & Entertainment Ltd ADR’s (MLCO) current performance indicators. Last quarter, stock had a quick ratio of 1.26. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.70.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.31, a number that is poised to hit 0.06 in the next quarter and is forecasted to reach 0.48 in one year’s time.
Technical Analysis of Melco Resorts & Entertainment Ltd ADR (MLCO)
Let’s dig in a bit further. During the last 5-days, its volume was 2.57 million. That was inferior than the volume of 3.38 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 6.55%. Additionally, its Average True Range was 0.37.
During the past 100 days, Melco Resorts & Entertainment Ltd ADR’s (MLCO) raw stochastic average was set at 52.67%, which indicates a significant increase from 5.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.49% in the past 14 days, which was lower than the 51.80% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.32, while its 200-day Moving Average is $7.16. However, in the short run, Melco Resorts & Entertainment Ltd ADR’s stock first resistance to watch stands at $7.06. Second resistance stands at $7.16. The third major resistance level sits at $7.28. If the price goes on to break the first support level at $6.84, it is likely to go to the next support level at $6.72. Assuming the price breaks the second support level, the third support level stands at $6.62.
Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) Key Stats
The company with the Market Capitalisation of 3.06 billion has total of 445,089K Shares Outstanding. Its annual sales at the moment are 3,775 M in contrast with the sum of -326,920 K annual income. Company’s last quarter sales were recorded 1,160 M and last quarter income was 21,390 K.
