Is it Right Time Pull the Trigger on Wynn Resorts Limited [WYNN] Stock?

Wynn Resorts Limited [WYNN] stock is down -1.92 while the S&P 500 has fallen -0.19% on Monday, 12/07/20. While at the time of this article, WYNN ATR is sitting at 5.11, with the beta value at 2.38. This stock’s volatility for the past week remained at 4.34%, while it was 4.99% for the past 30-day period. WYNN has fallen -$2.18 from the previous closing price of $113.50 on volume of 3.74 million shares.

On 5, November 2020, Wynn Resorts, Limited Reports Third Quarter 2020 Results. According to news published on Yahoo Finance, Wynn Resorts, Limited (NASDAQ: WYNN) (the “Company”) today reported financial results for the quarter ended September 30, 2020.

Analyst Birdseye View:

The most recent analyst activity for Wynn Resorts Limited [NASDAQ:WYNN] stock was on October 16, 2020, when it was Downgrade with a Hold rating from Jefferies, which also lowered its 12-month price target on the stock from $111 to $81. Before that, on November 02, 2020, Morgan Stanley Recapitulated an Overweight rating and elevated its amount target to $95. On September 16, 2020, ROTH Capital Downgrade a Neutral rating and plunged its price target on this stock from $99 to $75. On September 08, 2020, Goldman Downgrade a Neutral rating. On May 21, 2020, Credit Suisse Resumed a Neutral rating and decreased its price target to $72. On April 13, 2020, Citigroup Upgrade a Buy rating. On February 27, 2020, Standpoint Research Upgrade a Buy rating. On February 12, 2020 BofA/Merrill Upgrade a Buy rating and elevated its amount target to $150.

In the past 52 weeks of trading, this stock has oscillated between a low of $35.84 and a peak of $153.41. Right now, the middling Wall Street analyst 12-month amount mark is $100.50. At the most recent market close, shares of Wynn Resorts Limited [NASDAQ:WYNN] were valued at $111.32. According to the average price forecast, investors can expect a potential return of 3.17%.

FUNDAMENTAL ANALYSIS

Wynn Resorts Limited [NASDAQ:WYNN] most recently reported quarterly sales of 370.0 million, which represented growth of -77.50%. This publicly-traded organization’s revenue is $218,911 per employee, while its income is $4,072 per employee. This company’s Gross Margin is currently 25.80%, its Operating Margin is -27.10%, its Pretax Margin is +7.38, and its Net Margin is +1.86. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 0.90, 6.51, 8.39 and 1.05 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 85.88 and the whole liability to whole assets at 76.14. It shows enduring liability to the whole principal at 83.10 and enduring liability to assets at 0.74 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 109.58 points at 1st support level, the second support level is making up to 107.84. But as of 1st resistance point, this stock is sitting at 113.00 and at 114.68 for 2nd resistance point.

Wynn Resorts Limited [WYNN] reported its earnings at -$7.04 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$4.02/share signifying the difference of -3.02 and -75.10% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$6.14 calling estimates for -$4.98/share with the difference of -1.16 depicting the surprise of -23.30%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Wynn Resorts Limited [NASDAQ:WYNN] is 2.30. Likewise, the Quick ratio is also the same, showing Cash ratio at 1.19. Now if looking for a valuation of this stock’s amount to sales ratio it’s 2.25 and it’s amount to book ratio is 8.55.

Insider Stories

The most recent insider trade was by Mulroy Patricia, Director, and it was the sale of 400.0 shares on Nov 16. Whittemore Ellen F, the EVP and General Counsel, completed a sale of 1970.0 shares on Nov 09. On Nov 09, Billings Craig Scott, President and CFO, completed a sale of 7583.0 shares.