Melco Resorts & Entertainment Ltd ADR [MLCO] stock prices are up 0.67% to $7.55 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MLCO shares have gain 2.17% over the last week, with a monthly amount drifted -17.93%, and not seem to be holding up well over a long-time horizon.
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On 29, February 2024, Studio City International Holdings Limited Announces Unaudited Fourth Quarter 2023 Earnings. In a post published today on Yahoo Finance, Studio City International Holdings Limited (NYSE: MSC) (“Studio City” or the “Company”), a world-class integrated resort located in Cotai, Macau, today reported its unaudited financial results for the fourth quarter and full year ended December 31, 2023.
From an analyst’s perspective:
Melco Resorts & Entertainment Ltd ADR [NASDAQ: MLCO] stock has seen the most recent analyst activity on December 15, 2023, when Susquehanna initiated its Positive rating and assigned the stock a price target of $15. Previously, Macquarie started tracking the stock with Outperform rating on July 18, 2023, and set its price target to $16.30. On June 28, 2023, downgrade downgraded it’s rating to Neutral. Credit Suisse upgraded its rating to a Outperform and increased its price target to $18.20 on June 20, 2023. JP Morgan upgraded its rating to a Overweight and raised its price target to $10 on November 28, 2022. Credit Suisse downgraded its rating to Neutral for this stock on October 18, 2022. In a note dated October 17, 2022, Credit Suisse downgraded an Neutral rating on this stock.
The stock price of Melco Resorts & Entertainment Ltd ADR [MLCO] has been fluctuating between $6.61 and $14.45 over the past year. Currently, Wall Street analysts expect the stock to reach $10.75 within the next 12 months. Melco Resorts & Entertainment Ltd ADR [NASDAQ: MLCO] shares were valued at $7.55 at the most recent close of the market. An investor can expect a potential return of 42.38% based on the average MLCO price forecast.
Analyzing the MLCO fundamentals
The Melco Resorts & Entertainment Ltd ADR [NASDAQ:MLCO] reported sales of 3.78B for trailing twelve months, representing a surge of 224.43%. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at -0.11%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is 0.26 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.08.
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 7.42 points at the first support level, and at 7.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.67, and for the 2nd resistance point, it is at 7.79.
Melco Resorts & Entertainment Ltd ADR [MLCO] reported earnings per share of -$0.36 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.04/share, meaning a difference of -$0.4 and a surprise factor of -1,000.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.04 per share as compared to estimates of $0.03 per share, a difference of -$0.07 representing a surprise of -233.30%.
Ratios To Look Out For
It’s worth pointing out that Melco Resorts & Entertainment Ltd ADR [NASDAQ:MLCO]’s Current Ratio is 1.40. In addition, the Quick Ratio stands at 1.37 and the Cash Ratio stands at 1.19. Considering the valuation of this stock, the price to sales ratio is 0.87.
