Wynn Resorts Ltd. [NASDAQ: WYNN] stock went on a downward path that fall over -2.26% on Wednesday, amounting to a one-week price decrease of less than -2.66%.
Over the last 12 months, WYNN stock dropped by -22.20%. The one-year Wynn Resorts Ltd. stock forecast points to a potential upside of 33.84. The average equity rating for WYNN stock is currently 1.55, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $8.36 billion, with 111.74 million shares outstanding and 93.98 million shares in the current float. Compared to the average trading volume of 2.15M shares, WYNN stock reached a trading volume of 2842064 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Wynn Resorts Ltd. [WYNN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WYNN shares is $113.81 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 1.55. 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.
Seaport Research Partners have made an estimate for Wynn Resorts Ltd. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 31, 2024. The new note on the price target was released on May 23, 2024, representing the official price target for Wynn Resorts Ltd. stock.
The Average True Range (ATR) for Wynn Resorts Ltd. is set at 1.90, with the Price to Sales ratio for WYNN stock in the period of the last 12 months amounting to 1.18. Price to Free Cash Flow for WYNN in the course of the last twelve months was 8.66 with Quick ratio for the last quarter at 1.27.
WYNN Stock Performance Analysis:
Wynn Resorts Ltd. [WYNN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.66. With this latest performance, WYNN shares dropped by -8.74% in over the last four-week period, additionally sinking by -26.79% over the last 6 months – not to mention a drop of -22.20% 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 38.30, with the RSI for the last a single of trading hit 38.00, and the three-weeks RSI is set at 37.77 for Wynn Resorts Ltd. [WYNN]. The present Moving Average for the last 50 days of trading for this stock 81.71, while it was recorded at 76.81 for the last single week of trading, and 92.18 for the last 200 days.
Insight into Wynn Resorts Ltd. Fundamentals:
Wynn Resorts Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.27 and a Current Ratio set at 1.30.
WYNN Stock EPS
With the latest financial reports released by the company, Wynn Resorts Ltd. posted 0.99/share EPS, while the average EPS was predicted by analysts to be reported at 0.75/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.24. 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 WYNN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Wynn Resorts Ltd. go to 7.97%.
Wynn Resorts Ltd. [WYNN] Institutonal Ownership Details
There are presently around $62.35%, or 73.71%% of WYNN stock, in the hands of institutional investors. The top three institutional holders of WYNN stocks are: VANGUARD GROUP INC with ownership of 11.03 million shares, which is approximately 9.934%. BLACKROCK INC., holding 7.31 million shares of the stock with an approximate value of $$654.01 million in WYNN stocks shares; and BLACKROCK INC., currently with $$365.26 million in WYNN stock with ownership which is approximately 3.676%.
