Las Vegas Sands Corp. [NYSE: LVS] gained 1.14% or 0.46 points to close at $40.70 with a heavy trading volume of 5375800 shares. The company report on October 19, 2022 that Las Vegas Sands Reports Third Quarter 2022 Results.
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For the quarter ended September 30, 2022(Compared to the quarter ended September 30, 2021).
– Travel Restrictions and Reduced Visitation Continue to Impact Financial Results.
It opened the trading session at $40.22, the shares rose to $41.29 and dropped to $39.41, the range by which the price of stock traded the whole day. The daily chart for LVS points out that the company has recorded 27.75% gains over the past six months. However, it is still -40.93% lower than its most recent low trading price.
If we look at the average trading volume of 6.80M shares, LVS reached to a volume of 5375800 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 Las Vegas Sands Corp. [LVS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LVS shares is $47.58 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LVS stock is a recommendation set at 2.00. 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.
BofA Securities have made an estimate for Las Vegas Sands Corp. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 13, 2022. The new note on the price target was released on September 26, 2022, representing the official price target for Las Vegas Sands Corp. stock. Previously, the target price had yet another raise from $43 to $45, while Wells Fargo kept a Overweight rating on LVS stock.
The Average True Range (ATR) for Las Vegas Sands Corp. is set at 2.10, with the Price to Sales ratio for LVS stock in the period of the last 12 months amounting to 7.65. The Price to Book ratio for the last quarter was 7.98, with the Price to Cash per share for the same quarter was set at 7.76.
Trading performance analysis for LVS stock
Las Vegas Sands Corp. [LVS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.08. With this latest performance, LVS shares dropped by -4.24% in over the last four-week period, additionally plugging by 27.75% over the last 6 months – not to mention a drop of -4.55% 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 LVS stock in for the last two-week period is set at 60.20, with the RSI for the last a single of trading hit 66.15, and the three-weeks RSI is set at 57.20 for Las Vegas Sands Corp. [LVS]. The present Moving Average for the last 50 days of trading for this stock 37.86, while it was recorded at 39.12 for the last single week of trading, and 37.64 for the last 200 days.
Las Vegas Sands Corp. [LVS]: A deeper dive into fundamental analysis
Las Vegas Sands Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 1.80.
Las Vegas Sands Corp. [LVS]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LVS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Las Vegas Sands Corp. go to -1.75%.
An analysis of insider ownership at Las Vegas Sands Corp. [LVS]
There are presently around $12,538 million, or 41.00% of LVS stock, in the hands of institutional investors. The top three institutional holders of LVS stocks are: VANGUARD GROUP INC with ownership of 31,665,525, which is approximately -10.896% of the company’s market cap and around 0.10% of the total institutional ownership; CAPITAL WORLD INVESTORS, holding 31,364,364 shares of the stock with an approximate value of $1.28 billion in LVS stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $1.21 billion in LVS stock with ownership of nearly 1.502% of the company’s market capitalization.
244 institutional holders increased their position in Las Vegas Sands Corp. [NYSE:LVS] by around 44,610,290 shares. Additionally, 281 investors decreased positions by around 23,678,445 shares, while 111 investors held positions by with 239,777,252 shares. The mentioned changes placed institutional holdings at 308,065,987 shares, according to the latest SEC report filing. LVS stock had 71 new institutional investments in for a total of 14,806,721 shares, while 80 institutional investors sold positions of 3,855,367 shares during the same period.