You might want to take a look at Melco Resorts & Entertainment Limited (MLCO) now

Melco Resorts & Entertainment Limited (NASDAQ: MLCO) stock fell -2.60% on Tuesday to $13.10 against a previous-day closing price of $13.45. With 4.34 million shares changed hands, the volume of the stock remained lighter than its average volume of 5.74 million shares. During the session, the Resorts & Casinos company that operates in wider Consumer Cyclical sector, reached to the highest price of $13.68 whereas the lowest price it dropped to was $13.07. The 52-week range on MLCO shows that it touched its highest point at $14.15 and its lowest point at $4.06 during that stretch. It currently has a 1-year price target of $12.70. Beta for the stock currently stands at 1.13.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MLCO was up-trending over the past week, with a rise of 0.15%, but this was up by 14.61% over a month. Three-month performance surged to 111.97% while six-month performance rose 129.02%. The stock gained 17.38% in the past year, while it has gained 13.91% so far this year.

Float and Shares Shorts:

At present, 462.24 million MLCO shares are outstanding with a float of 440.64 million shares on hand for trading. On Oct 13, 2022, short shares totaled 10.56 million, which was 2.31% higher than short shares on Sep 14, 2022. In addition to Mr. Yau Lung Ho as the firm’s Founder, Chairman & CEO, Mr. Evan Andrew Winkler serves as its Pres & Director.

Institutional Ownership:

Through their ownership of 41.63% of MLCO’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 23.19% of MLCO, in contrast to 17.43% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in MLCO with 6.64% of the stake, ARGA Investment Management LP holds 29,570,341 shares worth 29,570,341. A second-largest stockholder of MLCO, Hardman Johnston Global Advisors, holds 19,201,192 shares, controlling over 4.31% of the firm’s shares. Capital Research & Management Co is the third largest shareholder in MLCO, holding 10,982,496 shares or 2.47% stake. With a 3.74% stake in MLCO, the American Funds Small Cap World Fu is the largest stakeholder. A total of 16,630,841 shares are owned by the mutual fund manager. The Vanguard International Value Fund, which owns about 2.37% of MLCO stock, is the second-largest Mutual Fund holder. It holds 10,563,690 shares valued at 121.48 million. John Hancock III – International holds 1.86% of the stake in MLCO, owning 8,263,458 shares worth 95.03 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MLCO since 11 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MLCO analysts setting a high price target of $19.80 and a low target of $6.30, the average target price over the next 12 months is $14.48. Based on these targets, MLCO could surge 51.15% to reach the target high and fall by -51.91% to reach the target low. Reaching the average price target will result in a growth of 10.53% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. MLCO will report FY 2022 earnings on 02/27/2024. Analysts have provided yearly estimates in a range of -$0.70 being high and -$2.56 being low. For MLCO, this leads to a yearly average estimate of -$1.99. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Melco Resorts & Entertainment Limited surprised analysts by $0.04 when it reported -$0.52 EPS against a consensus estimate of -$0.56. The surprise factor in the prior quarter was $0.01. Based on analyst estimates, the high estimate for the next quarter is -$0.57 and the low estimate is -$1.15. The average estimate for the next quarter is thus -$0.84.

Dividends & Yield:

In terms of dividends, MLCO has a dividend of $0.46 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and MLCO currently yields $0.83. In the past year, MLCO’s dividend yield has been $0.83, but when looking at the stock over the past five years, its yield has been $2.23. Accordingly, MLCO has a current buyback yield of $1.05. This was $1.05 for the TTM, and it was $6.76 for the past five years.

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