Melco Resorts & Entertainment Limited (NASDAQ:MLCO) last session's volume of 3.79 million shares was lower than its average volume of 4.52 million shares. They use historic price data to observe stock price patterns to predict the direction of that price going forward.
Wall Street is only getting more bullish on the stock, with 16 of analysts who cover MLCO having a buy-equivalent rating. Finally, Aegis reiterated a "buy" rating and issued a $23.00 price target on shares of Melco Resorts & Entertainment in a report on Monday, January 30th. Nomura upgraded shares of Melco Resorts & Entertainment from a "reduce" rating to a "neutral" rating in a research note on Wednesday, January 25th. Morgan Stanley upgraded Melco Resorts & Entertainment from an "equal weight" rating to an "overweight" rating and set a $19.00 price target for the company in a report on Monday, February 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company's stock. Melco Resorts & Entertainment now has an average rating of Buy and a consensus price target of $19.75.
Melco Resorts & Entertainment Ltd (NASDAQ:MLCO) saw a large decline in short interest during the month of May.
P/E ratio of the company is 43.56. The stock's 50 day moving average is $21.27 and its 200 day moving average is $18.32.More news: LeBron James tops Michael Jordan as all-time playoffs scoring leader
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The stock volatility for week was 3.74% while for month was 3.51%.The stock, as of last close, traded 168.97% to its 52 week low and was changed -6.66% from its 52 week high. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.16. The business had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.20 billion. Over the past full-year, shares have performed 0.31%. The business's revenue for the quarter was up 15.7% compared to the same quarter past year. Equities analysts anticipate that Melco Resorts & Entertainment will post $0.76 earnings per share for the current year.
Resorts Corp announced on Tuesday it has officially rebranded itself as "Melco Resorts and Entertainment (Philippines) Corp".
"ILLEGAL ACTIVITY WARNING: "[[title]]" was first posted by [[site]] and is owned by of [[site]]. The correct version of this report can be accessed at https://transcriptdaily.com/2017/05/26/melco-resorts-entertainment-ltd-mlco-raised-to-buy-at-union-gaming-research-updated-updated-updated.html. Alpha One also gave news coverage about the company an impact score of 100 out of 100, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the next few days. The ex-dividend date is Friday, May 12th. Ariose Capital Management Ltd bought a new position in Melco Resorts & Entertainment during the third quarter worth approximately $7,398,000. This represents a dividend yield of 1.68%.
Looking further out, over the past twelve months, Melco Resorts & Entertainment Limited's stock was 63.89% and 36.08% over the last quarter and 23.39% for the past six months.