Melco Resorts & Entertainment Limited [MLCO] fell -45.07% so far this year. What now?


Melco Resorts & Entertainment Limited [NASDAQ: MLCO] stock went on an upward path that rose over 3.35% on Thursday, amounting to a one-week price increase of more than 4.09%. The company report on December 21, 2021 that Melco Announces Partnership with Marriott International to Develop The First W Hotel at Studio City Phase Two in Macau.

Melco Resorts & Entertainment, a leading global developer, owner and operator of integrated resort facilities, announced today that it has entered into a strategic partnership with Marriott International to bring the W Hotels Worldwide brand to Studio City Phase 2, the thrilling new cinematically-themed entertainment and leisure destination in Macau.

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Scheduled to be open together with Studio City Phase 2 in December 2022, W Macau – Studio City is set to become an iconic addition in the world class leisure destination through its detail-driven, unexpected design, signature Whatever/Whenever® service and innovative programming.

Over the last 12 months, MLCO stock dropped by -44.98%. The one-year Melco Resorts & Entertainment Limited stock forecast points to a potential upside of 33.22. The average equity rating for MLCO stock is currently 2.10, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $4.56 billion, with 479.22 million shares outstanding and 455.32 million shares in the current float. Compared to the average trading volume of 3.21M shares, MLCO stock reached a trading volume of 2618944 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Melco Resorts & Entertainment Limited [MLCO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MLCO shares is $15.26 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MLCO stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for Melco Resorts & Entertainment Limited shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 14, 2021. The new note on the price target was released on September 16, 2021, representing the official price target for Melco Resorts & Entertainment Limited stock. Previously, the target price had yet another raise to $16.90, while HSBC Securities analysts kept a Buy rating on MLCO stock. On July 15, 2021, analysts decreased their price target for MLCO shares from 21.10 to 16.90.

The Average True Range (ATR) for Melco Resorts & Entertainment Limited is set at 0.63, with the Price to Sales ratio for MLCO stock in the period of the last 12 months amounting to 2.21. The Price to Book ratio for the last quarter was 11.20.

MLCO Stock Performance Analysis:

Melco Resorts & Entertainment Limited [MLCO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.09. With this latest performance, MLCO shares gained by 4.41% in over the last four-week period, additionally sinking by -39.09% over the last 6 months – not to mention a drop of -44.98% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MLCO stock in for the last two-week period is set at 50.42, with the RSI for the last a single of trading hit 53.06, and the three-weeks RSI is set at 48.92 for Melco Resorts & Entertainment Limited [MLCO]. The present Moving Average for the last 50 days of trading for this stock 10.63, while it was recorded at 10.24 for the last single week of trading, and 14.29 for the last 200 days.

Insight into Melco Resorts & Entertainment Limited Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Melco Resorts & Entertainment Limited [MLCO] shares currently have an operating margin of -51.62 and a Gross Margin at -23.50. Melco Resorts & Entertainment Limited’s Net Margin is presently recorded at -73.12.

Return on Total Capital for MLCO is now -11.22, given the latest momentum, and Return on Invested Capital for the company is -17.70. Return on Equity for this stock declined to -71.36, with Return on Assets sitting at -13.65. When it comes to the capital structure of this company, Melco Resorts & Entertainment Limited [MLCO] has a Total Debt to Total Equity ratio set at 553.35. Additionally, MLCO Total Debt to Total Capital is recorded at 84.69, with Total Debt to Total Assets ending up at 67.60. Long-Term Debt to Equity for the company is recorded at 543.63, with the Long-Term Debt to Total Capital now at 83.21.

Reflecting on the efficiency of the workforce at the company, Melco Resorts & Entertainment Limited [MLCO] managed to generate an average of -$63,987 per employee. Receivables Turnover for the company is 8.32 with a Total Asset Turnover recorded at a value of 0.19.Melco Resorts & Entertainment Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 1.70.

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Melco Resorts & Entertainment Limited [MLCO] Insider Position Details

There are presently around $1,866 million, or 40.80% of MLCO stock, in the hands of institutional investors. The top three institutional holders of MLCO stocks are: HARDMAN JOHNSTON GLOBAL ADVISORS LLC with ownership of 21,310,139, which is approximately 0.166% of the company’s market cap and around 33.50% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 21,052,773 shares of the stock with an approximate value of $207.58 million in MLCO stocks shares; and ARGA INVESTMENT MANAGEMENT, LP, currently with $166.3 million in MLCO stock with ownership of nearly 127.108% of the company’s market capitalization.

Positions in Melco Resorts & Entertainment Limited stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 125 institutional holders increased their position in Melco Resorts & Entertainment Limited [NASDAQ:MLCO] by around 35,138,954 shares. Additionally, 116 investors decreased positions by around 33,576,059 shares, while 50 investors held positions by with 120,523,580 shares. The mentioned changes placed institutional holdings at 189,238,593 shares, according to the latest SEC report filing. MLCO stock had 31 new institutional investments in for a total of 2,062,322 shares, while 42 institutional investors sold positions of 12,419,163 shares during the same period.