Melco Resorts & Entertainment (NASDAQ:MLCO) shares traded -1.27% down during most recent session to reach at the closing price of $20.99. The stock exchanged hands 10.61 Million shares versus average trading capacity of 4.35 Million shares, yielding a market cap of $10.25 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $25.05 within the next 52-weeks. The mean target projections are based on 20 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Melco Resorts & Entertainment (NASDAQ:MLCO) high price target of $31 and with a conservative view have low price target of $18.7.
Union Gaming “Upgrades” Melco Resorts & Entertainment (NASDAQ:MLCO) in a research note issued to investors on 4/24/17 to Buy with price target of $26.
On the other hand the company has Relative Strength Index (RSI 14) of 48.11 along with Average True Range (ATR 14) of 0.69, Consequently Melco Resorts & Entertainment (NASDAQ:MLCO)’s weekly and monthly volatility is 3.18%, 2.80% respectively. The company’s beta value is at 1.88.
In terms of Buy, Sell or Hold recommendations, Melco Resorts & Entertainment (NASDAQ:MLCO) has analysts’ mean recommendation of 2.1. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
Currently Melco Resorts & Entertainment (NASDAQ:MLCO)’s shares owned by insiders are 33.5%, whereas shares owned by institutional owners are 42%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -2.48%.
Melco Resorts & Entertainment (NASDAQ:MLCO) 52-week high price stands at $23.40 and low price stands at $10.88, its price distance from 52-week high is -10.31% while its distance from 52-week low price is 92.94%. The stock hit its 52-week high on 05/04/17, and 52-week low on 07/08/16.
Melco Resorts & Entertainment (NASDAQ:MLCO)’s trailing twelve month revenues are $4.69 Billion, whereas its price to sales ratio for the same period is 2.18. Its book value per share for the most recent quarter is $5.67 while its price to book ratio for the same period is 3.7, as for as the company’s cash per share for the most recent quarter is $2.82, however its price to cash per share ratio for the same period is 7.45. The stock has 5 year expected PEG ratio of 5.19 whereas its trailing twelve month P/E ratio is 41.48.
