What is the best trade option for Wynn Resorts Limited (WYNN) stock?

Currently, Wynn Resorts Limited [WYNN] is trading at $65.42, up 0.29%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value.

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On 12, September 2022, Wynn Las Vegas Launches Partnership with TB12, Offering Onsite Body Coach Sessions. In a post published today on Yahoo Finance, TB12 Co-Founded by Tom Brady and Alex Guerrero Will Offer Holistic Health and Wellness Options Focused on Performance and Recovery at Resort.

From an analyst’s perspective:

Wynn Resorts Limited [NASDAQ: WYNN] stock has seen the most recent analyst activity on September 15, 2022, when Credit Suisse upgraded its rating to a Outperform but kept the price target unchanged to $117 for it. Previously, Barclays started tracking the stock with Equal Weight rating on June 29, 2022, and set its price target to $62. On April 01, 2022, upgrade upgraded it’s rating to Buy and revised its price target to $96.50 on the stock. Wells Fargo reiterated its Equal Weight rating and increased its price target to $99 on February 16, 2022. Morgan Stanley reiterated its recommendation of a Overweight and raised its price target to $123 on February 16, 2022. JP Morgan reiterated a Neutral rating for this stock on February 16, 2022, and upped its price target to $102. In a note dated February 16, 2022, Deutsche Bank reiterated an Buy rating on this stock and revised its target price from $131 to $121.

This stock has fluctuated between a low of $50.20 and a high of $99.00 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $83.96 within the next 12 months. Wynn Resorts Limited [NASDAQ: WYNN] shares were valued at $65.42 at the most recent close of the market. An investor can expect a potential return of 28.34% based on the average price forecast.

Analyzing the WYNN fundamentals

Recent quarter sales for Wynn Resorts Limited [NASDAQ:WYNN] were 909.0 million which represents -8.20% decline. Gross Margin for this corporation currently stands at +13.00% with Operating Margin at -10.30%, Pretax Margin comes in at -26.88%, and Net Margin reading is -20.08%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 63.59 points at the first support level, and at 61.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 66.44, and for the 2nd resistance point, it is at 67.45.

Wynn Resorts Limited [WYNN] reported earnings per share of -$1.21 for its fiscal quarter that ended on 3/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$1.15/share, meaning a difference of $-0.06 and a surprise factor of -5.20%. By comparison, the stated earnings for the previous quarter ended on 12/30/2021 were -$1.37 per share as compared to estimates of -$1.25 per share, a difference of $-0.12 representing a surprise of -9.60%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Wynn Resorts Limited [NASDAQ:WYNN] is 1.50. As well, the Quick Ratio is 2.18, while the Cash Ratio is 1.96. Considering the valuation of this stock, the price to sales ratio is 2.57.

Transactions by insiders

Insider trading has also been a hot topic recently, with 0 insiders purchasing 0 shares and 2 selling 2,394 shares in the past 3 months. Recent insider trading involved Mulroy Patricia, Director, that happened on Aug 08 when 2000.0 shares were sold. Director, Mulroy Patricia completed a deal on Feb 11 to sell 400.0 shares. Meanwhile, CEO MADDOX MATT sold 20000.0 shares on Jan 18.