What is the stock price trajectory of Wynn Resorts Limited (WYNN)?

At the time of writing, Wynn Resorts Limited [WYNN] stock is trading at $107.44, up 2.46%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WYNN shares have lost -2.00% over the last week, with a monthly amount drifted -1.50%, and not seem to be holding up well over a long-time horizon.

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On 10, March 2023, WynnBET Launches Online Sportsbook in Massachusetts. In a post published today on Yahoo Finance, Massachusetts becomes WynnBET’s 10th operational online state.

From an analyst’s perspective:

Wynn Resorts Limited [NASDAQ: WYNN] stock has seen the most recent analyst activity on January 03, 2023, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $101 from $74. Previously, JP Morgan upgraded its rating to Overweight on November 28, 2022, and elevated its price target to $91. On November 21, 2022, Morgan Stanley initiated with a Equal-Weight rating and assigned a price target of $77 on the stock. Jefferies upgraded its rating to a Buy. Credit Suisse upgraded its rating to a Outperform but $117 remained the price target by the analyst firm on September 15, 2022. Barclays started tracking with a Equal Weight rating for this stock on June 29, 2022, and assigned it a price target of $62. In a note dated April 01, 2022, Citigroup upgraded an Buy rating on this stock and revised its target price from $98 to $96.50.

For the past year, the stock price of Wynn Resorts Limited fluctuated between $50.20 and $116.50. Currently, Wall Street analysts expect the stock to reach $119.36 within the next 12 months. Wynn Resorts Limited [NASDAQ: WYNN] shares were valued at $107.44 at the most recent close of the market. An investor can expect a potential return of 11.09% based on the average WYNN price forecast.

Analyzing the WYNN fundamentals

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 104.20 points at the first support level, and at 100.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 109.55, and for the 2nd resistance point, it is at 111.67.

Wynn Resorts Limited [WYNN] reported earnings per share of -$1.23 for its fiscal quarter that ended on 12/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.91/share, meaning a difference of -$0.32 and a surprise factor of -35.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2022 were -$1.2 per share as compared to estimates of -$1 per share, a difference of -$0.2 representing a surprise of -20.00%.

Ratios To Look Out For

It is important to note that Wynn Resorts Limited [NASDAQ:WYNN] has a current ratio of 2.20.

Transactions by insiders

Insider trading has also been a hot topic recently, with 13 insiders purchasing 138,929 shares and 14 selling 48,662 shares in the past 3 months. Recent insider trading involved CAMERON-DOE JULIE, CFO, that happened on Feb 22 when 4000.0 shares were sold. EVP and General Counsel, Whittemore Ellen F completed a deal on Feb 10 to sell 10383.0 shares. Meanwhile, CEO Billings Craig Scott sold 10310.0 shares on Jan 26.