Wynn Resorts Limited [NASDAQ: WYNN] traded at a high on 07/21/22, posting a 2.84 gain after which it closed the day’ session at $63.68. The company report on July 12, 2022 that Wynn Las Vegas Named Best Hotel in Las Vegas for Third Consecutive Year by Travel + Leisure Magazine.
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The Resort Received Superior Ratings for Rooms, Location, Service, Food and More.
Today, Wynn Las Vegas (Nasdaq: WYNN) was once again named the No. 1 hotel in Las Vegas on the Travel + Leisure 2022 World’s Best Awards list, for the third consecutive year. The list honors top hotels, resorts, travel destinations, and companies worldwide, as rated by its readers.
The results of the trading session contributed to over 2944131 shares changing hands. Over the past one week, the price volatility of Wynn Resorts Limited stands at 3.83% while the volatility over the past one month is 4.79%.
The market cap for WYNN stock reached $7.23 billion, with 115.03 million shares outstanding and 105.68 million shares in the current float. Compared to the average trading volume of 3.37M shares, WYNN reached a trading volume of 2944131 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $85.05 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.
Barclays have made an estimate for Wynn Resorts Limited shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on June 29, 2022. While these analysts kept the previous recommendation, Citigroup dropped their target price from $98 to $96.50. The new note on the price target was released on April 01, 2022, representing the official price target for Wynn Resorts Limited stock. Previously, the target price had yet another raise from $93 to $99, while Wells Fargo kept a Equal Weight rating on WYNN stock. On February 16, 2022, analysts increased their price target for WYNN shares from 117 to 123.
The Average True Range (ATR) for Wynn Resorts Limited is set at 2.98, with the Price to Sales ratio for WYNN stock in the period of the last 12 months amounting to 1.82.
How has WYNN stock performed recently?
Wynn Resorts Limited [WYNN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 17.32. With this latest performance, WYNN shares gained by 17.27% in over the last four-week period, additionally sinking by -28.50% over the last 6 months – not to mention a drop of -41.89% 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 61.18, with the RSI for the last a single of trading hit 70.31, and the three-weeks RSI is set at 55.70 for Wynn Resorts Limited [WYNN]. The present Moving Average for the last 50 days of trading for this stock 60.09, while it was recorded at 59.44 for the last single week of trading, and 78.10 for the last 200 days.
Wynn Resorts Limited [WYNN]: Deeper insight into the 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.
Insider trade positions for Wynn Resorts Limited [WYNN]
There are presently around $4,311 million, or 61.90% 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 $568.38 million in WYNN stocks shares; and BLACKROCK INC., currently with $423.95 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 August and at the time of the August reporting period, where 252 institutional holders increased their position in Wynn Resorts Limited [NASDAQ:WYNN] by around 4,963,979 shares. Additionally, 263 investors decreased positions by around 8,243,777 shares, while 82 investors held positions by with 56,422,238 shares. The mentioned changes placed institutional holdings at 69,629,994 shares, according to the latest SEC report filing. WYNN stock had 73 new institutional investments in for a total of 1,762,751 shares, while 91 institutional investors sold positions of 1,140,527 shares during the same period.