Melco Resorts & Entertainment Ltd ADR [NASDAQ: MLCO] jumped around 0.35 points on Thursday, while shares priced at $7.12 at the close of the session, up 5.17%.
Compared to the average trading volume of 3.77M shares, MLCO reached a trading volume of 4980707 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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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 $9.38 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 1.54. 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.
JP Morgan have made an estimate for Melco Resorts & Entertainment Ltd ADR shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 18, 2024. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $7.50 to $10.40. The new note on the price target was released on May 29, 2024, representing the official price target for Melco Resorts & Entertainment Ltd ADR stock. Previously, the target price had yet another raise from $8.30 to $9.60, while Morgan Stanley kept a Overweight rating on MLCO stock.
The Average True Range (ATR) for Melco Resorts & Entertainment Ltd ADR is set at 0.34, with the Price to Sales ratio for MLCO stock in the period of the last 12 months amounting to 0.66.
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 5.95. With this latest performance, MLCO shares dropped by -9.99% in over the last four-week period, additionally sinking by -11.22% over the last 6 months – not to mention a drop of -5.57% 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 54.71, with the RSI for the last a single of trading hit 58.01, and the three-weeks RSI is set at 54.30 for Melco Resorts & Entertainment Ltd ADR [MLCO]. The present Moving Average for the last 50 days of trading for this stock 6.69, while it was recorded at 6.78 for the last single week of trading, and 7.07 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 1.16 and a Current Ratio set at 1.19.
Earnings analysis for Melco Resorts & Entertainment Ltd ADR [MLCO]
With the latest financial reports released by the company, Melco Resorts & Entertainment Ltd ADR posted -0.36/share EPS, while the average EPS was predicted by analysts to be reported at 0.04/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.4. 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: CAPITAL RESEARCH GLOBAL INVESTORS with ownership of 31.12 million shares, which is approximately 7.1208%. ARGA INVESTMENT MANAGEMENT, LP, holding 29.47 million shares of the stock with an approximate value of $$219.83 million in MLCO stocks shares; and ARGA INVESTMENT MANAGEMENT, LP, currently with $$130.56 million in MLCO stock with ownership which is approximately 4.0042%.
