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.
Institutional Ownership:
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.
Analysts Ratings:
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.
