Melco Resorts & Entertainment Ltd ADR (NASDAQ: MLCO) stock jumped 1.65% on Monday to $7.38 against a previous-day closing price of $7.26. With 3.25 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.57 million shares. During the session, the Resorts & Casinos company that operates in wider Consumer Cyclical sector, reached to the highest price of $7.76 whereas the lowest price it dropped to was $7.26. The 52-week range on MLCO shows that it touched its highest point at $14.45 and its lowest point at $6.55 during that stretch. It currently has a 1-year price target of $13.92. Beta for the stock currently stands at 1.14.
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 7.11%, but this was down by -7.87% over a month. Three-month performance dropped to -32.66% while six-month performance fell -35.32%. The stock lost -3.40% in the past year, while it has lost -35.83% so far this year. A look at the trailing 12-month EPS for MLCO yields -0.84 with Next year EPS estimates of 0.47. For the next quarter, that number is -0.03. This implies an EPS growth rate of 106.36% for this year and 291.44% for next year.
Float and Shares Shorts:
At present, 445.10 million MLCO shares are outstanding with a float of 436.82 million shares on hand for trading. On Oct 30, 2023, short shares totaled 8.44 million, which was 1.93% higher than short shares on Sep 28, 2023. In addition to Mr. Yau Lung Ho as the firm’s Founder, Chairman & CEO, Mr. Evan Andrew Winkler serves as its President & Director.
Other institutions hold 23.81% of MLCO, in contrast to 15.29% held by mutual funds. As the largest shareholder in MLCO with 6.19% of the stake, ARGA Investment Management LP holds 27,423,061 shares worth 27,423,061. A second-largest stockholder of MLCO, Capital Research & Management Co, holds 17,501,225 shares, controlling over 3.95% of the firm’s shares. Capital Research & Management Co is the third largest shareholder in MLCO, holding 12,661,652 shares or 2.86% stake. With a 4.68% stake in MLCO, the American Funds Small Cap World Fu is the largest stakeholder. A total of 20,752,500 shares are owned by the mutual fund manager. The Vanguard International Value Fund, which owns about 2.24% of MLCO stock, is the second-largest Mutual Fund holder. It holds 9,936,595 shares valued at 83.86 million. CREF Stock Account holds 0.89% of the stake in MLCO, owning 3,939,740 shares worth 33.25 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MLCO since 0 analysts follow the stock currently. 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 $19.70 and a low target of $8.80, the average target price over the next 12 months is $13.92. Based on these targets, MLCO could surge 166.94% to reach the target high and rise by 19.24% to reach the target low. Reaching the average price target will result in a growth of 88.62% from current levels.
Dividends & Yield:
In terms of dividends, MLCO has a current ratio of $–, which is $– over the trailing 12-months, while 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 $0.97. This was $0.97 for the TTM, and it was $6.76 for the past five years.