Wynn Resorts Limited [WYNN] fell -30.02% so far this year. What now?


Wynn Resorts Limited [NASDAQ: WYNN] closed the trading session at $59.51 on 06/28/22. The day’s price range saw the stock hit a low of $59.41, while the highest price level was $62.99. The company report on June 27, 2022 that Wynn Resorts Highlights Corporate Sustainability Goals and Community Impact With Release Of 2021 Environmental, Social and Governance Report.

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Wynn Resorts (Nasdaq: WYNN) recently issued its Environmental, Social and Governance (ESG) Report, defining the Company’s important milestones in 2021. The report provides insight into key initiatives including the Company’s continued commitment to decrease emissions; an enhanced Diversity and Inclusion program; a comprehensive Human Trafficking Prevention program; and transformative investments in the communities in which the Company operates.

“Wynn Resorts brings the same level of effort and dedication to our ESG efforts as we do to all our business operations. We focus those efforts around three key areas: Our People, Our Communities, and Our Planet,” said Craig Billings, CEO of Wynn Resorts. “As proud as I am of the accomplishments mentioned in this report, I’m confident our record will continue to improve thanks to our talented and dedicated team.”.

The stocks have a year to date performance of -30.02 percent and weekly performance of 9.59 percent. The stock has been moved at -32.05 percent over the last six months. The stock has performed -7.64 percent around the most recent 30 days and changed -25.73 percent over the most recent 3-months.

If compared to the average trading volume of 3.15M shares, WYNN reached to a volume of 5230707 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $91.27 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 Buy, with their previous recommendation back on April 01, 2022. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $93 to $99. The new note on the price target was released on February 16, 2022, representing the official price target for Wynn Resorts Limited stock. Previously, the target price had yet another raise from $117 to $123, while Morgan Stanley kept a Overweight rating on WYNN stock. On February 16, 2022, analysts increased their price target for WYNN shares from 93 to 102.

The Average True Range (ATR) for Wynn Resorts Limited is set at 3.54, with the Price to Sales ratio for WYNN stock in the period of the last 12 months amounting to 1.55.

WYNN stock trade performance evaluation

Wynn Resorts Limited [WYNN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.59. With this latest performance, WYNN shares dropped by -7.64% in over the last four-week period, additionally sinking by -32.05% over the last 6 months – not to mention a drop of -50.72% 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 47.89, with the RSI for the last a single of trading hit 51.79, and the three-weeks RSI is set at 46.06 for Wynn Resorts Limited [WYNN]. The present Moving Average for the last 50 days of trading for this stock 64.57, while it was recorded at 56.18 for the last single week of trading, and 80.36 for the last 200 days.

Wynn Resorts Limited [WYNN]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Wynn Resorts Limited [WYNN] shares currently have an operating margin of -10.30 and a Gross Margin at +13.00. Wynn Resorts Limited’s Net Margin is presently recorded at -20.08.

Wynn Resorts Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.20 and a Current Ratio set at 2.30.

Wynn Resorts Limited [WYNN]: Insider Ownership positions

There are presently around $4,030 million, or 61.50% of WYNN stock, in the hands of institutional investors. The top three institutional holders of WYNN stocks are: VANGUARD GROUP INC with ownership of 11,054,684, which is approximately 1.04% of the company’s market cap and around 0.60% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 9,179,180 shares of the stock with an approximate value of $529.55 million in WYNN stocks shares; and BLACKROCK INC., currently with $394.99 million in WYNN stock with ownership of nearly 0.447% of the company’s market capitalization.

Positions in Wynn Resorts Limited stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 272 institutional holders increased their position in Wynn Resorts Limited [NASDAQ:WYNN] by around 5,096,754 shares. Additionally, 253 investors decreased positions by around 8,196,147 shares, while 83 investors held positions by with 56,555,512 shares. The mentioned changes placed institutional holdings at 69,848,413 shares, according to the latest SEC report filing. WYNN stock had 80 new institutional investments in for a total of 1,778,810 shares, while 87 institutional investors sold positions of 1,203,809 shares during the same period.