Market cap of Wynn Resorts Limited [WYNN] reaches 9.75B – now what?


Wynn Resorts Limited [NASDAQ: WYNN] loss -1.83% on the last trading session, reaching $84.23 price per share at the time. The company report on December 10, 2021 that Wynn Las Vegas Hosts the Paramount+ Star-Studded World Premiere of “1883”.

Inaugural events kick off collaboration with 101 Studios to re-establish the legendary connection between Hollywood and Las Vegas.

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This weekend, Wynn Las Vegas (NASDAQ: WYNN) will host the star-studded red carpet, global world premiere and press junket of the highly anticipated Yellowstone prequel, 1883. The series – created by Academy Award nominated Taylor Sheridan – stars Tim McGraw, Faith Hill, Academy Award winner Sam Elliott, and Academy Award winner Billy Bob Thornton. The anticipated series, which will stream on Paramount+ starting Dec. 19, is the origin story to the wildly popular Yellowstone.

Wynn Resorts Limited represents 114.66 million in outstanding shares, while the company has a total market value of $9.75 billion with the latest information. WYNN stock price has been found in the range of $83.91 to $87.44.

If compared to the average trading volume of 3.34M shares, WYNN reached a trading volume of 2370864 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Wynn Resorts Limited [WYNN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WYNN shares is $103.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WYNN stock is a recommendation set at 2.40. 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.

Citigroup have made an estimate for Wynn Resorts Limited shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 11, 2022. While these analysts kept the previous recommendation, Wells Fargo dropped their target price from $112 to $101. The new note on the price target was released on November 10, 2021, representing the official price target for Wynn Resorts Limited stock. Previously, the target price had yet another raise from $107 to $124, while Stifel kept a Buy rating on WYNN stock. On November 10, 2021, analysts increased their price target for WYNN shares from 107 to 114.

The Average True Range (ATR) for Wynn Resorts Limited is set at 3.45, with the Price to Sales ratio for WYNN stock in the period of the last 12 months amounting to 2.86.

Trading performance analysis for WYNN stock

Wynn Resorts Limited [WYNN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.48. With this latest performance, WYNN shares gained by 1.09% in over the last four-week period, additionally sinking by -19.55% over the last 6 months – not to mention a drop of -22.72% 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 WYNN stock in for the last two-week period is set at 47.10, with the RSI for the last a single of trading hit 46.53, and the three-weeks RSI is set at 47.20 for Wynn Resorts Limited [WYNN]. The present Moving Average for the last 50 days of trading for this stock 87.49, while it was recorded at 84.41 for the last single week of trading, and 103.87 for the last 200 days.

Wynn Resorts Limited [WYNN]: A deeper dive into fundamental analysis

Wynn Resorts Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.20 and a Current Ratio set at 2.20.

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An analysis of insider ownership at Wynn Resorts Limited [WYNN]

There are presently around $6,184 million, or 65.00% of WYNN stock, in the hands of institutional investors. The top three institutional holders of WYNN stocks are: VANGUARD GROUP INC with ownership of 10,896,763, which is approximately 0.628% of the company’s market cap and around 0.50% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 8,860,801 shares of the stock with an approximate value of $746.35 million in WYNN stocks shares; and BLACKROCK INC., currently with $693.86 million in WYNN stock with ownership of nearly -2.889% of the company’s market capitalization.

Positions in Wynn Resorts Limited stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 281 institutional holders increased their position in Wynn Resorts Limited [NASDAQ:WYNN] by around 8,772,072 shares. Additionally, 270 investors decreased positions by around 14,381,336 shares, while 71 investors held positions by with 50,268,189 shares. The mentioned changes placed institutional holdings at 73,421,597 shares, according to the latest SEC report filing. WYNN stock had 72 new institutional investments in for a total of 1,722,909 shares, while 108 institutional investors sold positions of 5,783,724 shares during the same period.