Melco Resorts & Entertainment Ltd ADR [NASDAQ: MLCO] traded at a high on Monday, posting a 3.15 gain after which it closed the day’ session at $8.85.
The results of the trading session contributed to over 5861893 shares changing hands. Over the past one week, the price volatility of Melco Resorts & Entertainment Ltd ADR stands at 3.25% while the volatility over the past one month is 4.09%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The market cap for MLCO stock reached $3.87 billion, with 437.09 million shares outstanding and 436.82 million shares in the current float. Compared to the average trading volume of 3.67M shares, MLCO reached a trading volume of 5861893 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Melco Resorts & Entertainment Ltd ADR [MLCO]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MLCO shares is $10.21 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 1.36. 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 Ltd ADR shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on May 06, 2024. While these analysts kept the previous recommendation, Seaport Research Partners raised their target price to Buy. The new note on the price target was released on April 15, 2024, representing the official price target for Melco Resorts & Entertainment Ltd ADR stock. Previously, the target price had yet another raise to $15, while Susquehanna analysts kept a Positive rating on MLCO stock.
The Average True Range (ATR) for Melco Resorts & Entertainment Ltd ADR is set at 0.32, with the Price to Sales ratio for MLCO stock in the period of the last 12 months amounting to 0.93.
How has MLCO stock performed recently?
Melco Resorts & Entertainment Ltd ADR [MLCO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.88. With this latest performance, MLCO shares gained by 43.90% in over the last four-week period, additionally plugging by 24.82% over the last 6 months – not to mention a drop of -22.64% 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 78.35, with the RSI for the last a single of trading hit 85.57, and the three-weeks RSI is set at 71.26 for Melco Resorts & Entertainment Ltd ADR [MLCO]. The present Moving Average for the last 50 days of trading for this stock 7.21, while it was recorded at 8.49 for the last single week of trading, and 8.48 for the last 200 days.
Melco Resorts & Entertainment Ltd ADR [MLCO]: Deeper insight into the fundamentals
Melco Resorts & Entertainment Ltd ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.33 and a Current Ratio set at 1.36.
Earnings analysis for Melco Resorts & Entertainment Ltd ADR [MLCO]
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 MLCO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Melco Resorts & Entertainment Ltd ADR go to 8.00%.
Insider trade positions for Melco Resorts & Entertainment Ltd ADR [MLCO]
The top three institutional holders of MLCO stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in MLCO stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in MLCO stock with ownership which is approximately 5.8386%.
