A new trading day began on Monday, with Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) stock price down -2.23% from the previous day of trading, before settling in for the closing price of $6.72. MLCO’s price has ranged from $4.78 to $9.56 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 20.78%. Meanwhile, its annual earnings per share averaged 131.82%. With a float of $440.15 million, this company’s outstanding shares have now reached $440.42 million.
Let’s determine the extent of company efficiency that accounts for 20209 employees. 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 Activity
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 40.95%.
Melco Resorts & Entertainment Ltd ADR (MLCO) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.04 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 0.09 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
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 1.26. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.66.
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)
Looking closely at Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO), its last 5-days average volume was 2.38 million, which is a drop from its year-to-date volume of 3.32 million. As of the previous 9 days, the stock’s Stochastic %D was 22.07%. Additionally, its Average True Range was 0.31.
During the past 100 days, Melco Resorts & Entertainment Ltd ADR’s (MLCO) raw stochastic average was set at 43.45%, which indicates a significant increase from 6.47% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 37.68% in the past 14 days, which was lower than the 51.81% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.59, while its 200-day Moving Average is $7.09. However, in the short run, Melco Resorts & Entertainment Ltd ADR’s stock first resistance to watch stands at $6.80. Second resistance stands at $7.04. The third major resistance level sits at $7.19. If the price goes on to break the first support level at $6.42, it is likely to go to the next support level at $6.27. Should the price break the second support level, the third support level stands at $6.03.
Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) Key Stats
With a market capitalization of 2.89 billion, the company has a total of 443,226K Shares Outstanding. Currently, annual sales are 3,775 M while annual income is -326,920 K. The company’s previous quarter sales were 1,160 M while its latest quarter income was 21,390 K.
